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Randgold set for Kibali production boost

Randgold Resources (LN:RRS) has posted an encouraging update on its joint venture Kibali gold mine in the Democratic Republic of Congo, saying it is on course to produce plus-700,000 ounces of gold this year.

Randgold set for Kibali production boost Randgold set for Kibali production boost Randgold set for Kibali production boost Randgold set for Kibali production boost Randgold set for Kibali production boost

Randgold is readying the Kibali underground mine for full operations

The company, which owns 45% of Kibali along with AngloGold Ashanti (SJ:ANG) and the DRC's Sokimo, has sunk US$2.5 billion into the project since it started development eight years ago.