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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.
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August 7, 2014
15:43 EDTGOLDRandgold downgraded to Sector Perform from Outperform at Scotia Capital
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06:00 EDTGOLDRandgold Resources reports Q2 EPS 57c vs. 50c last year
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05:51 EDTGOLDRandgold Resources provides update on Loulo-Gounkoto complex
Another record production quarter from its flagship Loulo-Gounkoto complex in Mali has set Randgold Resources up at the halfway mark to achieve its guidance for the year. At the same time, the developing Kibali mine in the Democratic Republic of Congo remained on track to reach its forecast target despite commissioning disruptions. Group gold production of 277,283 ounces for Q2 was down 2% on Q1's record output but 41% ahead of last year's corresponding quarter. Cost per ounce rose by 2% to $701 on the previous quarter but was 12% down on Q2 in 2013. Profit from mining of $162.3M decreased by 5% from the previous quarter but was up 54% on the corresponding quarter in 2013. Loulo-Gounkoto produced 174 052 ounces, up 3% on Q1, and the third quarter in a row that the complex has posted a record production number. In other significant developments, the paste backfill plant at the Yalea underground mine was commissioned, enabling miners to harvest almost 100% of the high grade zones. The complex's energy cost reduction programme continued to evolve with the installation of two more medium speed generators, due for commissioning in the second half of the year, capable of running on less expensive heavy fuel oil.

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