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News Breaks
December 26, 2012
14:53 EDTGOLDRandgold Resources reports fire at Tongon plant, revises Tongon guidance
Randgold Resources reported production at its Tongon gold mine in Cote d'Ivoire had been impacted by a fire in the mill section. The fire started on December 24 during a planned shutdown for repairs to the No 1 mill cyclone feed pipe. The fire then spread upwards into the No 1 cyclone cluster and moved to the No 2 cyclone cluster. The company said the fire has been fully extinguished and no injuries have been reported but both cyclone clusters, flotation cells and blowers along with associated infrastructure for both milling circuits suffered damage. The full extent of the damage was still being assessed but the mills themselves have been unaffected and the mine had already started to make short term repairs including temporary relining of the various pieces of equipment whilst sourcing replacement parts. Tongon aims to have both milling circuits operational again within ten days. Randgold said the fire would further impact on a difficult year for Tongon and that the revised annual production for that operation was now expected to be approximately 208,000 ounces. Randgold also said its Loulo complex was on track to achieve its full year guidance of 500,000 ounces and Morila would comfortably exceed its guidance at 200,000 ounces.
News For GOLD From The Last 14 Days
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October 13, 2014
05:23 EDTGOLDRandgold upgraded to Buy from Neutral at UBS
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October 9, 2014
10:00 EDTGOLDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
05:53 EDTGOLDRandgold upgraded to Overweight from Neutral at HSBC
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