Cash-flush Randgold in massive Côte d’Ivoire gold discovery

August 3, 2017

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The exploration team of Randgold Resources, which on Thursday reported a 53% leap in half-year profits, plus cash on hand of $572.8-million even after the $94-million dividend payout, has defined a large target in Côte d’Ivoire, which is considered to be “potentially the most exciting gold prospect in West Africa”. The 13 000-employee London-listed, Africa-focused gold mining company, which had an exceptionally good second quarter of increased production and lowered costs, has underlined Côte d’Ivoire’s prospectivity through its latest discovery at Boundiali in the Fonondara corridor.

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