Randgold Resources Share Discussion Threads

[malcolmmm] 07/2/2017 14:14

They recommended RRS to UK investors a couple of weeks ago, right so far

[malcolmmm] 07/2/2017 14:13

Fatprophets who are good at these things reckon gold to rise to $1600 plus

[chinese investor] 07/2/2017 13:00

£74 Soon !

[robrah] 07/2/2017 12:40

It look up at the mom hopefully 1237 then 1250 But if i see Rrs coming off soon . Then i would be wearly of gold too

[revell40] 07/2/2017 12:36

What's u prediction for gold rob

[robrah] 07/2/2017 10:24

Well it goes the theory i have long held .Rrs predict gold moves at the moment rrs has shown resilience and hence gold has futher upside. Rrs move tends to lead gold price. May sound crazy but that is what i have observed so far. Not advice . Just an observation

[bonio10000] 07/2/2017 09:14

Decoupling from paper gold?

[chinese investor] 07/2/2017 09:03

GO GO HORSEY !

[terry barnett] 07/2/2017 08:46

100 day ma just about to cross 30 day ma. Gold cross looming!!

[chinese investor] 07/2/2017 08:26

Looking Good !

[malcolmmm] 07/2/2017 00:27

Now the Chinese New Year Holiday is over these should do well

Ordinary Shares Quoted Ex-Dividend
16 March 2017
Record Date for Proposed Final Dividend
17 March 2017
Posting Date of AGM Notice
28 March 2017
Last Date for Computershare Investor Services (Jersey) Limited to Receive Currency Election Form in respect of the Final Dividend for Ordinary Shares
27 April 2017
Annual General Meeting
2 May 2017
Posting of dividend Cheques to Holders of Ordinary Shares
26 May 2017
Dividend payment Date by Citibank N.A. for ADS Holders
26 May 2017

[malcolmmm] 06/2/2017 19:57

By Zandi Shabalala and Sanjeeban Sarkar

Gold miner Randgold Resources Ltd (RRS.L) reported a 76 percent jump in fourth-quarter profit, boosted by higher grades and a rise in gold prices, and the company said it would raise its annual dividend by 52 percent.

Randgold shares rose as much as 5.25 percent in early trading to their highest in nearly 3 months. They were trading at 7,180 pence at 1244 GMT, leading the FTSE 100 gainers' list .FTSE.

Gold sales for the three months ended Dec. 31 rose about 28 percent to 453,051 ounces as uncertainties around U.S. President Donald Trump's policies, the progress of Britain's departure from the European Union, and multiple elections in Europe benefited the safe-haven asset.

Spot gold XAU= prices rose about 8.5 percent in 2016. Randgold said it had achieved its net cash target of $500 million ahead of estimates and without any debt.

"At the end of the day it's driven by quality grade and that drives the cash to our shareholders," Chief Executive Mark Bristow said.

"We have not only grown our business but the capital is coming down and that is what is driving the cash."

"Shareholders will be eyeing the company's strong future cash flows, as evidenced by the growth in the balance sheet," Investec said in a note.

Fellow miner Centamin Plc (CEY.L) last week raised its dividend six fold as production rose and costs fell.

Randgold will start a prefeasibility study at the Massawa-Sofia mine in Senegal which Bristow said could be the first of three major projects that the miner will develop.


Also In Business News
U.S. tech leads nearly 100 companies in legal brief against Trump travel ban
Wall Street slips as investors seek fresh catalysts

Total cash cost per ounce fell 13 percent to $549 per ounce from last year, boosted by higher grades and better recovery at its flagship Loulo-Gounkoto mine in Mali, the company said.

Randgold, which has gold mines in Mali, Ivory Coast and the Democratic Republic of Congo, said profit rose to $94.3 million for the quarter from $77.3 million a year earlier. Gold production rose about 16 percent to 378,388 ounces in the same period.


(Reporting by Zandi Shabalala in Cape Town and Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri, Gopakumar Warrier and Shounak Dasgupta)

[redbaron10] 06/2/2017 19:42

The dollar index fell out of bed after some Goldman comments reported on CNBC.We just have to worry about Stan Fischer,the hawkish vice chair of the Fed,with his speech on Fed matters 11/2.Hopefully he won't say too much to bolster the dollar.

[redbaron10] 06/2/2017 19:34

Hopefully platinum can find some fashionistas as well,having positions in LMI and AAL

[overeager] 06/2/2017 19:30

Looks like gold is well and truly back in fashion.

[redbaron10] 06/2/2017 19:30

I think your stagflation call of 2/2 bonio10000 is spot on

[malcolmmm] 06/2/2017 14:21

London-listed Randgold Resources (RRS.L) rose 3.5 percent, among the top gainers on the STOXX, after the gold miner posted a 76 percent rise in fourth-quarter profit and said it would raise its annual dividend.

[malcolmmm] 06/2/2017 14:10

Gold $1228 ,am hanging on in here with a tight stoploss

[fez77] 06/2/2017 14:06

Chinese Investor - you sold just before 9 but you're still "Luvin This". What's going on?

[chinese investor] 06/2/2017 14:01

£73 Soon !

I'm Just Luvin' This !

[gilesgraves] 06/2/2017 13:05

Chinese Investor - yes of course I did.