Randgold CEO predicts gold comfortably at $1500/oz in 2011

Randgold Resources CEO Mark Bristow is sticking with his prediction of $1 500/oz gold next year, and objects to suggestions that the LSE- and Nasdaq-listed company's shares are expensive compared with its peers, he said in Toronto on Friday. In a...

Randgold lifts FY profit to $84m, output rises

LSE- and Nasdaq-listed Randgold Resources on Monday reported a 79% increase in net profit to $84,3-million in the year ended December 31, 2009, compared with a net profit of $47-million the year before. Attributable gold output rose 14% to 488...

Africa has firm gold market

With the economic crisis in its supposed final stages, the international gold market is still battling with the challenges that emerged during this period.

Randgold shareholders approve acquisition

Shareholders in Randgold Resources have approved the acquisition of another 20% of Kibali Goldmines, which owns the Kibali (previously Moto) gold project, in the Democratic Republic of Congo. The company, together with partner AngloGold Ashanti,...

Four new gold mines under development – Randgold

London- and Nasdaq-listed gold-mining company Randgold Resources has four new gold mines under development, the company said on Tuesday. The four mines being developed are the Gounkoto project in Mali, the Tongon mine in Côte d'Ivoire, the...

Moto’s Aim admission to be cancelled on Friday

The admission of gold development company Moto Goldmines (Moto) shares to the Aim would be cancelled on October 16, the company said on Thursday. This followed the announcement on Monday that the plan of arrangement to merge Moto and South...

Moto shareholders approve Randgold merger

Shareholders in Aim- and TSX-listed gold development company Moto Goldmines have approved the merger with Africa-focused Randgold Resources. Gold companies AngloGold Ashanti and Randgold Resources earlier this year teamed up in a $488-million...

Randgold meets DRC govt again on Moto acquisition

LSE- and Nasdaq-listed Randgold Resources has scheduled follow-up talks this week with government officials in the Democratic Republic of Congo, to discuss Randgold's plans to buy Moto Goldmines. Moto owns 70% of the Moto gold project, in the...

Moto to start talks with Randgold on takeover bid

TSX- and Aim-listed gold development company Moto Goldmines would start negotiations with Africa-focused Randgold Resources regarding a potential takeover offer. Moto noted in a statement on Monday that its financial and legal advisers had...

Red Back-Moto deal positive all round – RBC

Vancouver-based Red Back Mining's proposed acquisition of Moto Goldmines should benefit both sets of shareholders, says RBC Capital Markets analyst Cailey Barker. The companies announced on Monday that each outstanding common share of Moto will...

Moto completes feasibility study on DRC gold mine

Perth-based exploration and development company Moto Goldmines has completed the optimised feasibility study at its Moto gold project in the Democratic Republic of Congo (DRC). The feasibility study had found that the project economics were...

Africo leaps on DRC contract deal

TSX-listed Africo Resources, which is building a copper mine in the Democratic Republic of Congo, has reached an agreement with the country's government on amendments to the mining contract for the firm's Kalakundi project, it announced on...