22nd Oct 2018 16:18
LONDON (Alliance News) - Randgold Resources Ltd said Monday it expects its Kibali gold mine to outperform its full-year production guidance as it expects it to post "record results" for the third quarter to September.
The FTSE 100-listed miner said that the Kibali mine, located in the Democratic Republic of Congo, is continuing to deliver performance improvements across the board.
The company expects the mine to "significantly outperform" its full-year production guidance of 730,000 ounces.
Speaking at a briefing for local media, the company said the mine was operating "at or above its designed throughput, recovery and hoisting capacity".
Randgold shares were trading up 0.6% at 6,306.0 pence.
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