Randgold Resources Share Discussion Threads

[action] 24/10/2018 13:21

As inflation hedge it is positive for gold but higher rates could be negative. Take your pick.

[action] 24/10/2018 13:19

Franklin fund managers sees inflation picking up and bet on 4% plus int rates in USA.

[action] 24/10/2018 13:18

This divi is b4 merger agreement as agreed in merger term.

[christh] 24/10/2018 13:08

no date set for divi yet but it will be handsome as the company might pay a special divi because of additional cash generated from sales of the mines.

It might test £80 in 2019 or earlier

[stevenrevell] 24/10/2018 08:49

When is divi date

[christh] 24/10/2018 08:29

£66 today with all these exciting news.

The divi will be too good to miss then as they will have so much money come in from the sales of the mines.

[action] 23/10/2018 18:22

Divi b4 merger as well.

[fangorn2] 23/10/2018 15:22

Large asset clearout in the offing it seems


"Barrick Randgold merger could lead to $5bn asset sales, BMO says"

Barrick Gold’s merger with London-listed gold miner Randgold Resources could lead to $5bn worth of asset sales, from mines in Zambia to Tanzania, according to BMO Capital Markets.

BMO flagged a total of 13 mines that could be sold following the merger — accounting for 750,000 ounces of gold and 400m pounds of copper.

The largest potential deal would be Barrick’s Lumwana copper mine in Zambia, which could sell for $1.26bn, BMO said. It could also look to sell its 50 per cent stake in Chilean copper mine Zaldivar, as well as majority stake in Tanzania-focused miner Acacia. Other asset sales could include Randgold’s Tongon, Massawa and Morila assets, BMO said.

[foxy22] 23/10/2018 12:48

Sorry typo 6600

[foxy22] 23/10/2018 12:48

Hit my target sooner than I thought!!!5600 maybe this week

[chinese investor] 23/10/2018 12:15

The Recovery Continues!

[foxy22] 23/10/2018 11:59

I thonk we close 6500

[foxy22] 23/10/2018 11:38

Still off 14.86% this year though

[foxy22] 23/10/2018 11:18

6400 hitOn the move againGold on a powerful rally

[fangorn2] 22/10/2018 17:12

Randgold Resources gets tax rebate in DRC


Late on Monday, Randgold said the Ministry of Finance had agreed to refund $218m of value added tax incurred during the development of the Kibali gold mine.

“The agreement provides that $40 million be paid initially and the balance is paid on compensatory basis. Another important fact is that the Ministry agreed to exempt Kibali VAT on local goods and services,” said Mr Bristow.

[fangorn2] 22/10/2018 16:53

Luverly jubbly

"Kibali set for another record quarter"

[fangorn2] 20/10/2018 11:05

Interesting article gold side...

These ten mines will make money even if gold price falls to $550
This article by Vladimir Basov may be of interest to subscribers. Here is a section:



These Top 10 lowest cost gold mines are all below all-in-sustaining costs (AISC) $550/oz level and will prove profitable – even if the price falls 50%.

Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today's levels. AISC metrics has been taken as a basis of comparison and ranking.

Since the World Gold Council (WGC) published a Guidance on AISC in June 2013, which introduced a transparent standardised production cost estimation metrics intended to be used commonly by the global gold industry, a majority – yet not all – of the leading publicly-trading gold producing companies successfully adopted WGC’s recommendations and implemented AISC to their official reports.

AISC metrics provide a more comprehensive look at mine economics than the traditional "cash costs" approach that many companies may interpret arbitrarily – and it includes such important expenses as overhead outlays and capital used in ongoing exploration, mine development and production.


Eoin Treacy's view
All in sustaining costs are certainly a useful metric for addressing the prospects for any mine. However, when we address the list above what we are presented with are the lowest cost of production mines but they are mostly the legacy properties companies started with before they had to spend more money to acquire additional properties which generally do not have the same attractive cost structure.

[chinese investor] 19/10/2018 07:05

Good Start !

[chinese investor] 18/10/2018 15:54

Great Day !

[foxy22] 18/10/2018 14:23

Correction 62 today

[foxy22] 18/10/2018 14:23

On the move again....53.00 today?

[foxy22] 17/10/2018 11:38

Correction 6100