Randgold Resources' focus is on the creation of value through the discovery
and development of world class gold projects.
Randgold Resources is an African focused gold mining and exploration business incorporated in Jersey in the Channel Islands in 1995 and listed on the London Stock Exchange in 1997 and on Nasdaq in 2002.
Its discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the +6 million ounce Yalea deposit at Loulo in western Mali and the 3 million ounce Tongon deposit in the Côte d’Ivoire.
The company financed and developed the Morila mine which was brought into production in October 2000 and to date has produced more than 4 million ounces of gold. It also financed and developed the Loulo mine, which was officially opened in November 2005. Loulo’s gold production is planned to average 250 000 ounces per year until 2009, when Yalea underground will start contributing. The underground development will significantly extend the mine’s production and life and is expected to average above 350 000 ounces per year during the seven year period from 2009 to 2015.
At the Tongon project in Côte d’Ivoire, the company is progressing with a 30 000 metre drilling programme which will form the basis for a feasibility study on the development of a mine.
Randgold Resources’ focus is on the creation of value through the discovery and development of world class gold projects. This is supported by exploration projects in the major gold regions of Mali, Senegal, Burkina Faso, Côte d’Ivoire, Ghana and Tanzania as well as its generative team’s ongoing search for new opportunities to replenish its portfolio of prospective targets.