25th Oct 2018 18:14
LONDON (Alliance News) - Randgold Resources PLC on Thursday said it has got operations at the Ivory Coast's Tongon mine back to normal following lengthy industrial action.
As a result, Tongon is set to reach its revised 230,000 ounces of gold production guidance for 2018.
Randgold also said exploration work has extended strikes at the Djinni and Mercator targets at Tongon, and also delineated mineralisation and alteration along the Badenou corridor between the two targets.
Randgold has started infill drilling at Tongon's Fonondara target, and a similar programme has been completed at the Mankono target.
Randgold is currently going through a merger with Canada's Barrick Gold Corp, which will see Randgold leave London's FTSE 100 index.
Shares closed down 3.3% on Thursday at a price of 6,198.00 pence each.
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