Jersey

Randgold Resources is a gold mining business operating mainly in Mali. Headquartered in Jersey, Channel Islands, it is listed on the London and the NASDAQ stock exchanges. Its London-traded shares are a constituent of the FTSE 100 Index and its NASDAQ-traded shares are a constituent of the NASDAQ-100 index. Wikipedia.


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News Article | December 13, 2016
Site: www.theguardian.com

Leading shares are edging higher after stronger than expected UK inflation figures and another rise in the oil price. The FTSE 100 is 13.21 points higher at 6903.63, with ITV leading the way on hopes it could be a takeover target following the bid for Sky from Rupert Murdoch’s 21st Century Fox. The free-to-air broadcaster is up 6.2p at 191.4p and although 9.9% shareholder Liberty Global has seemingly played down talk of making a move, analysts have suggested US group Viacom could be interested after a merger with CBS was abandoned. Elsewhere British Airways owner International Airlines Group has climbed 12p to 444.5p after Panmure analysts began coverage, saying: Housebuilders have been lifted by a positive update from Bellway, 56p better at £24.26, with Taylor Wimpey adding 2.2p to 151.8p and Persimmon putting on 15p to £16.82. Banking shares across Europe have been boosted by the €13bn cash call from Italy’s Unicredit, with Barclays 1.05p better at 228.6p and Lloyds Banking Group 0.5% higher at 61.71p despite the UK government trimming its stake again. Among the fallers Antofagasta is 21.5p lower at 753p as copper dipped ahead of Wednesday’s US interest rate decision from the Federal Reserve, widely expected to see the first increase in borrowing costs for a year. Joshua Mahony, market analyst at IG, said: Meanwhile the strong UK inflation figures are likely to dispel any talk of another Bank of England rate cut, which is helping to support the pound. The rise in oil prices is also expected to continue feeding through into the inflation figures. Precious metal miner Fresnillo has fallen 28p to £11.17 while Randgold Resources is down 115p to £56.65 as gold and silver prices slipped back. Among the mid-caps Balfour Beatty is up 6.5p at 280.6p as it issued a positive trading statement. Analysts at Liberum said: But energy services group Hunting is down 6% at 591p after its latest update, saying its 2017 outcome was highly dependent on a continued and sustained improvement of both north American and international markets.


News Article | November 3, 2016
Site: www.theguardian.com

Leading shares are moving higher after their recent slide to a six week low, ahead of the latest interest rate decision from the Bank of England. Shire is heading the risers, a couple of day’s after its results, following news of a disappointing result for a rival. A clinical trial of Roche’s experimental haemophilia medicine, a potential competitor to Shire and Novo Nordisk, showed some patients suffering adverse effects. On the basis that bad news is good news for someone, Shire shares are up 179.5p at £46.11. Liberum analysts said: What are the implications for Shire? We see a successful launch of [Roche’s] ACE910 having an impact on Shire 2021 earnings per share of around 10-12% versus a scenario where ACE910 fails. In our bearish numbers (which still deliver 9% CAGR Shire earnings 16-21), we already assume this ‘worst case’. However, in our view consensus takes a more positive view for Shire given we have yet to see ACE910 P3 data. This news makes an ACE910 failure incrementally more likely, suggesting the stock should outperform [today]. Overall the FTSE 100 is up 22.10 points at 6867.52, as the Federal Reserve left US interest rates unchanged. But there is still caution as the US presidential race becomes too close to call in the run up to polling day. And a decision on whether the UK goverment will have to allow a parliamentary vote on Brexit will come from the high court shortly. Connor Campbell at Spreadex said: Meanwhile Britain’s service sector has recorded its fastest growth since January, but there were also signs of inflation building. With gold and silver edging down after their recent surge as Donald Trump appeared to be in the ascendency, Randgold Resources is down 400p at £71.85 despite a 7% rise in third quarter production and Fresnillo has fallen 52p to £17.28. But Dixons Carphone is up 10.2p to 336.6p after Morgan Stanley raised its rating from underweight to equal weight. The bank said: Morrisons has risen 3.5p to 224.8p following its figures, helping Sainsbury to move 7.8p higher to 260.7p. Elswhere Gocompare shares are at 75.9p in the price comparison site’s first day of dealing following its demerger from insurance group esure. Investors in esure received one new Gocompare share for each esure one they held. Esure is at 200p, meaning the total current price of 275.8p is higher than last night’s close for esure of 265.8p. Peel Hunt analysts said:


News Article | October 28, 2016
Site: www.marketwired.com

RANDGOLD LOOKING TO THE FUTURE IN MALI Bamako, Mali, 26 October 2016 - In the current climate of global economic and political stress, it is more important than ever for African governments to engage with their investors in a spirit of genuine partnership, Randgold Resources chief executive Mark Bristow said here today. Speaking at a briefing for local media, Bristow said Randgold's contribution to the treasury and people of Mali, where it operates the Loulo, Gounkoto and Morila mines, was a striking example of the tangible benefits the country was enjoying from Randgold's continuing investment there. "In the 20 years we have been in Mali, we have invested FCFA 1.5 trillion ($2.8 billion) here and contributed FCFA 2.5 trillion ($4.7 billion) to the country's economy in the form of taxes, royalties, salaries, payments to local suppliers and community initiatives. The scale of our involvement in Mali, and the fact that we are still actively looking for new opportunities here, testifies to our faith in the country, our belief in partnering with the government and our philosophy of sharing the value we create with the state and the people," Bristow said. "Even the most successful partnerships are tested from time to time, and over the years we have had a number of disputes with the Malian tax authorities. Until now, we have always found solutions acceptable to both parties through constructive negotiation, although within our establishment conventions we have the right to settle any disputes that may arise through an international arbitration tribunal. We are still disputing the tax assessments for 2011, 2012 and 2013, however, and we were disappointed when in the midst of our efforts to settle this issue amicably, the government closed down our Bamako office and our Malian bank accounts, and demanded a further payment as a condition of their reopening. To demonstrate our good faith, and our sympathy with the financial difficulties the country is currently experiencing, we have agreed to an advance of FCFA 15 billion ($25 million) on the understanding that both parties will soon sit down to arrive at a final and global solution to all the Randgold group tax issues. Any overcharges in the disputed assessments will be returned to us at the end of this process." Turning to Randgold's operations, Bristow said the Loulo-Gounkoto complex was continuing its strong performance and was on track to beat its production guidance of 670 000 ounces of gold for the year. The feasibility study on the development of a superpit at Gounkoto is due for completion by the end of the year and current indications are that it will extend Loulo-Gounkoto's life and enhance its profitability. On the back of our past investment and ongoing efforts, the aim of maintaining annual production at more than 600 000 ounces for the next 10 years now looks achievable. The Morila operation has now progressed to full tailings retreatment as it moves towards closure. Closure is scheduled for 2019 but opportunities for extending its life are still being investigated. The Domba satellite pit project is still awaiting approval and has been removed from the 2016 mining plan. "At Loulo our brownfields exploration team is looking at new targets at both Gara and Yalea. It has already delivered 500 000 ounces of additional resources at Gara and is currently generating drill targets for more near-mine high grade resources at Yalea. There has also been a renewed focus on greenfields exploration for fresh targets on the lease," he said. "Randgold remains committed to the long term expansion in Mali of our own presence as well as the country's mining industry in general. This we will only be able to achieve in a constructive and mutually beneficial partnership with government. In this regard, it's worth noting that an independent survey recently concluded that while Mali had a high gold mining potential, it was lagging behind its African competitors in terms of its ability to attract investment. Negative factors cited in this regard were its mining code and administration, its tax regime and its infrastructure." CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited ('Randgold') and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in Randgold's filings with the US Securities and Exchange Commission (the 'SEC'). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this report, such as 'resources', that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.


News Article | November 18, 2016
Site: www.marketwired.com

RANDGOLD AND NEWCREST JOIN FORCES TO EXPAND EXPLORATION IN CÔTE D'IVOIRE London, 18 November 2016  - Randgold Resources and Newcrest have signed a heads of agreement to establish a joint venture for the exploration, development and mining of mineral resources in an area of interest in the south-east of Côte d'Ivoire. The area covers the extension of some of the more prolific Ghanaian gold belts and associated structures. Randgold will manage the exploration programme as well as any mines that it produces. A technical committee of senior geologists from both companies will work closely with the Randgold exploration team and a joint venture board will oversee the exploration programme and any consequent development projects. Randgold chief executive Mark Bristow said the joint venture would bring together two of the world's leading gold mining explorers in a concerted effort to unlock the potential of an area that has not yet been explored in depth. "The bigger the footprint, the greater the opportunity, and both Newcrest and Randgold believe in Côte d'Ivoire and the potential for the discovery of truly world class gold deposits," he said. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited ('Randgold') and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in Randgold's filings with the US Securities and Exchange Commission (the 'SEC'). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this report, such as 'resources', that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.


News Article | February 28, 2017
Site: www.marketwired.com

RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources" or the "Company") Jersey, Channel Islands, 28 February 2017 - Randgold Resources announces that in accordance with the Disclosure and Transparency Rules, its issued share capital consists of 94 002 659 ordinary shares of $0.05 each. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of Randgold Resources. The Company holds 1 171 issued ordinary shares in Treasury. In addition, 61 681 ordinary shares are currently held on trust and do not confer voting rights. Therefore, the total number of voting rights in the Company is 93 939 807. The above figure can be used by shareholders (and others with notification obligations) as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, Randgold Resources under the Disclosure and Transparency Rules.


News Article | February 28, 2017
Site: www.marketwired.com

RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources" or the "Company") Jersey, Channel Islands, 28 February 2017 - Randgold Resources announces that in accordance with the Disclosure and Transparency Rules, its issued share capital consists of 94 002 659 ordinary shares of $0.05 each. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of Randgold Resources. The Company holds 1 171 issued ordinary shares in Treasury. In addition, 61 681 ordinary shares are currently held on trust and do not confer voting rights. Therefore, the total number of voting rights in the Company is 93 939 807. The above figure can be used by shareholders (and others with notification obligations) as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, Randgold Resources under the Disclosure and Transparency Rules.


News Article | December 5, 2016
Site: www.theguardian.com

Leading shares have shrugged off the No vote in Italy’s referendum and the subsequent resignation of prime minister Matteo Renzi, preferring to concentrate on the far right’s defeat in Austria’s presidential election. European luxury goods groups have been boosted by positive broker notes, which has helped lifted Burberry more than 2% to £14.42. The company has also been lifted by a report it had rejected several takeover approaches from US fashion accessories group Coach. Banks are also in demand with Barclays 6.15p better at 219.1p and Royal Bank of Scotland rising 4.1p to 197.5p after it settled claims with a group of shareholders. With copper prices on the rise, mining shares benefitted. Antofagasta has added 18p to 711.5p while BHP Billiton was 30.5p better at 1334.5p. But gold and silver slipped back as investors moved away from safer sectors, leaving Randgold Resources down 180p at £56.45 and Fresnillo 33p lower at £11.65. Overall the FTSE 100 is currently 55.24 points higher at 6785.96, with the latest UK services sector survey showing a better than expected performance in November. Among the mid-caps, Polypipe has added 4% to 315.9p after Jefferies issued a buy note with a 350p price target. It said: Lower down the market Purplebricks has put on 19p to 124.25p as the online estate agent’s profits jumped 153% to £10.4m.


News Article | December 21, 2016
Site: www.theguardian.com

With Wall Street hitting yet new highs, leading UK shares are also on the rise, albeit tentatively. The FTSE 100 is currently up 2.30 points at 7046.26, off its best levels after slightly disappointing public finance figures. European shares are mixed as concerns about the refinancing of troubled Italian bank Monte dei Paschi continue, with the bank saying it could run out of cash in four months. Capita is the leading faller after yet another downgrade. In the wake of Jefferies and Credit Suisse reducing their target price, Goldman Sachs has moved from 771p to 595p with a neutral rating. Capita is down 7.4p or 1.5% at 491.2p. Earlier in December it issued its second profit warning in three months. Carnival is also lower, down 53p at £40.92 after the cruise ship operator said higher fuel costs and exchange rates would hit its results in 2017, although it did report better than expected fourth quarter figures. Among the risers, Rolls-Royce is up 1.9% at 689p while precious metal miners benefited from a slight increase in the gold price. Fresnillo is up 9p at £11 and Randgold Resources is 40p higher at £56.75. Lower down the market, technology group QinetiQ has climbed 11.6p to 260.2p after it said it was paying £57.5m to buy Meggitt Target Systems from Meggitt. AJ Bell investment director Russ Mould said: Aim-listed medical devices group Aortech has slumped after it unveiled a fall in half year operating profits from $193,000 to $310,000 and said it was spending “considerable time and effort” on litigation against a former chief executive, and last week attempts to reach a settlement after more than two and a half years were unsuccessful, leading to the prospect of going to trial.


News Article | December 12, 2016
Site: www.theguardian.com

Marks & Spencer is among the leading gainers in an uncertain market after a broker buy note. Analysts at Bank of America Merrill Lynch said the company’s improving cash generation was underappreciated by the market, and they also expected it to continue gaining market share in its food business. Merrill said: Overall the FTSE 100 has slipped back despite earlier gains following a new jump in the oil price. The index is currently down 5.01 points at 6949.20 after earlier climbing as high as 6976. Royal Dutch Shell B shares are leading the risers following the oil price increase, up 72p at £22.56 while other commodity companies are also benefitting, with BHP Billiton 41p better at £13.96. But precious metal miners have fallen back after a slip in gold and silver, with Randgold Resources 115p lower at £57.50 and Fresnillo falling 22p to £11.62. Polymetal International is down 29.5p at 753.5p after analysts at RBC moved from outperform to sector perform and cut their target price from £14.60 to 810p.


News Article | November 3, 2016
Site: www.marketwired.com

RANDGOLD SETS SIGHTS ON THREE NEW PROJECTS IN NEXT FIVE YEARS London, 3 November 2016 -  A strong third quarter performance kept Randgold Resources on track to meet its 2016 guidance. Forecast cash flows generated from operations are expected to support funding for the three new projects the company has set as a goal to establish over the next five years as well as increasing dividends. Results for the quarter, published today, show profit of $77.3 million, up 32% on the previous quarter and 58% on Q3 2015, while earnings per share increased by 35% quarter on quarter and 17% on 2015. Production of 301 163 ounces was up 7% quarter on quarter and in line with the previous year, and total cash cost per ounce of $663 was 9% lower quarter on quarter and 5% down on the prior year's corresponding quarter. With net cash generated by the operations increasing by 18% quarter on quarter, cash grew to $361.1 million. Chief executive Mark Bristow said Kibali and Tongon had bounced back well from the technical issues that had plagued them in the first half of the year while the flagship Loulo-Gounkoto complex continued on its steady course. He said it was worth noting that despite the high level of activity, there had been zero lost-time injuries across the group during the quarter. "Tongon got its mills back up at the end of June and Kibali ramped up production, boosting group throughput by 13%. Unit costs were also better, with decreased processing costs supported by lower strip ratios at Tongon and Kibali. The higher gold price also contributed to the significant increase in profit," Bristow said. "If the gold price stays above $1 250 per ounce, and we deliver on our forecasts, we should get close to a $500 million net cash position at the year end." Click on, or paste the following link into your web browser, to view the associated PDF document.

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