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Trading statements

Randgold mine ramps up production

24 July 2017 09:21

Randgold Resources said its Tongon gold mine in Cote d'Ivoire continues to ramp up production as it tracks its 2017 target of 285,000 ounces.

Chief executive Mark Bristow said the focus has now shifted to finding additional reserves and resources to replace depleted ounces and extend the mine's life beyond its current four-year horizon. Elsewhere in Cote d'Ivoire, Randgold's exploration programmes have defined a large target at Boundiali in the Fonondara corridor.

The company has just completed its annual review of its exploration targets, which Bristow said had highlighted positive results from its other holdings in the country.

At 9:21am: (LON:RRS) Randgold Resources Ltd share price was -40p at 6915p

Story provided by StockMarketWire.com

Related Company: RRS

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