Randgold Resources Share Discussion Threads

[christh] 04/5/2017 10:06

REPORT FOR THE FIRST QUARTERED 31 MARCH 2017

Randgold Resources Limited ('Randgold') had 94.0 million shares in issue as at 31 March 2017.

Key Performance Indicators
--------------------------------------
-- Gold production up 10% on corresponding quarter of prior year and down 15% on record Q4 2016
-- Profit up 33% on corresponding quarter of prior year and down 10% quarter on quarter
-- Total cash costs per ounce down 4% on corresponding quarter of prior year and up 13% quarter on quarter
-- Cash increases 16% quarter on quarter to $600 million, with no debt
-- Another solid operating quarter at Loulo-Gounkoto supported by high recoveries
-- Morila tailings retreatment operation starts to deliver on plan and Domba project approved
-- Tongon delivers steady performance with good cost control
-- Kibali tracks guidance as it works to deliver on underground plan
-- Group attributable reserves replaced at higher grade
-- Busy quarter for greenfields exploration complemented by good progress on brownfields targets
-- Shareholders approve 52% increase in annual dividend to $1.00 per share


Professor,
I am with you, shareprice going to £100 by next year or earlier depending on geopolitics.

[christh] 04/5/2017 10:02

Randgold Resources Ld 1st Quarter Results and Updates

London, 4 May 2017 - Randgold Resources' operations delivered a robust all-round performance in the first quarter of 2017 to set the group on track to achieve its guidance for year.

Compared to the corresponding quarter in 2016, gold production was up 10% at 322 470 ounces, profit increased by 33% to $84.9 million and total cash costs decreased by 4% to $619/oz. The group did not match the previous quarter's record results however, with gold production down 15%, profit down 10% and total cash costs up 13% on this comparison.

Cash continued to increase, rising by 16% to $600 million, with no debt, and earlier this week shareholders approved a 52% hike to $1.00 per share in the annual dividend.

read more here

[christh] 04/5/2017 08:39

Do you concur that it's on its way to £70?

In my opinion will close above £68 and that it will confirm the strong upwards momentum to £70 and maybe test £75.

Again good luck to long term holders!

[christh] 04/5/2017 08:32

I hope it will move on upwards now.
I am holding for the long term because the Professor Pettigrew said £100, and I hold him to his word because I believe gold is a robust investment and is a sound advise
owing to uncertain times with the US economy, Brexit,possible Frexit etc.

[chinese investor] 04/5/2017 08:13

Looking Good !

[christh] 04/5/2017 08:08

Professor Pettigrew 3 May '17 - 20:49 - 8287 of 8301
Gold tanking now towards my chart point of $1237. Now down $14 spot at $1242.

We will see a £64 handle tomorrow.

christh
3 May '17 - 21:10 - 8288 of 8301
We might see a bounce tomorrow to £67 and possibly £67.50

Fall overdone.Oversold, so technically should see a recovery.

Good luck all.

HOPE YOU DID NOT LISTEN TO Professor Pettigrew

[bonio10000] 04/5/2017 08:00

Decent results - showing how RRS is becoming disconnected from paper gold prices.

[shavian] 04/5/2017 07:50

Mark Bristow interviewed on BBC Radio 4 Today programme this morning. Points to supply squeeze in gold by 2025. Not enough being found to satisfy growing worldwide demand.

[michaelsadvfn] 04/5/2017 06:33

pettigrew

why do you bother with posts like 8298? What's the point?

You're just goading me into some response and then the whole thread once again becomes a battleground. Just leave it out. Please.

[wrestlingmad] 03/5/2017 23:20

I've come to the conclusion Fez is a simpleton.

[chinese investor] 03/5/2017 23:13

Fez77,
Could you please explain posts 8293 and 8295 to me please !

Fez77 (RRS) 3 May '17 - 19:42
Chinese Investor - why do you bother with posts like 8282 and 8284?
What's the point?
You're just goading PP into some response and then the whole thread once again becomes a battleground.
Just leave it out.
Please.

[professor pettigrew] 03/5/2017 21:54

Each generation puts the next one into hock.

But, you can only hock them so much.

Years ago we talked of hundreds, and hundreds of thousands.

Millions were beyond comprehension.

Now the talk is million, billions, and trillions.

Can we "hock" our grandchildren for quadrillions?

I don't think so, without a massive fiscal shock.

Quality, and with it, gold will out.

Let it collapse, let RRS collapse, just accumulate both.

And prosper.

[bonio10000] 03/5/2017 21:42

yep - consumption based economy running on cheap money

take the cheap money away....

only so long you can continually bring forward spending from future generations.

[bonio10000] 03/5/2017 21:21

I buy about £2k a month across a range of miners.

High rates bad for US national debt repayments, US personal debt repayments, US housing, US exports etc.

All good !

[professor pettigrew] 03/5/2017 21:18

Yup, longer term you can't lose.

But, ride this baby down and down. The cheaper gold and RRS get the more you can accumulate both.

[bonio10000] 03/5/2017 21:14

Certainly interesting given the poor employment figures today.

Yellen seems determined to crash the economy and the dollar.

both bullish for gold.

[professor pettigrew] 03/5/2017 21:12

$1237 duly hit.

Down $20 and still falling.

£63 handle?

[christh] 03/5/2017 21:10

We might see a bounce tomorrow to £67 and possibly £67.50

Fall overdone.Oversold, so technically should see a recovery.

Good luck all.