Corporate profile
Mission
Randgold Resources’ focus is on the creation of
value through the discovery and development of
world class gold projects.
Randgold
Resources
has
been put together piece by carefully considered piece,
selected not at random but always with
a clear and consistent strategic aim. Each part meshing
smoothly with the next. Every detail adding
depth and dimension to the big picture.
This process was designed to develop an
integrated gold company capable of generating superior
returns through a unique combination of
exploration success, operational effectiveness and entrepreneurial
flair. The process is far from complete,
but it has already built a business that can justifiably claim
to have set the gold standard for value
creation in its industry.
Randgold Resources is an African focused gold mining and exploration
business incorporated in the Channel Islands in 1995 and listed on the
London Stock Exchange in 1997 and on Nasdaq in 2002.
Its discoveries to date include the 7.5 million ounce Morila deposit in
southern Mali, the plus 6 million ounce Yalea deposit at Loulo in western
Mali and the 3 million ounce Tongon deposit in the
Côte d’Ivoire.
The company financed and developed
the Morila mine which was brought
into production in October 2000
and since then has produced 3.8
million ounces of gold. It also
financed and developed the Loulo
mine, which was officially opened
in November 2005. Loulo’s gold
production is planned to exceed 250
000 ounces per year over six years
from an open pit operation, but the
development of an underground
operation, scheduled to start in 2006,
will significantly enhance the value and
extend the life of this mine.
A prefeasibility study has been completed
on the Tongon deposit and work on this
project will resume during 2006 subject to
the political situation in Côte d’Ivoire
progressing.
