Randgold Says Continues To Invest In Development Of Côte D'ivoire's Potential

(RTTNews) - Randgold Resources Ltd (RRS.L, GOLD), which owns and operates the Tongon gold mine in Côte d'Ivoire, Monday said it continues to highlight possibilities for further investment in the country.

While speaking at a Randgold-sponsored golf day, Chief Executive Mark Bristow said that Tongon's performance was continuing to improve across the board. The company was still targeting the revised annual guidance for the year after a difficult first half which had been impacted by a long mill breakdown. Randgold-sponsored golf day was conducted by the youth golf academy, a joint initiative between the company and the Ivorian sport promotion business Team STL. The aim of the academy is to provide talented but underprivileged children with a first-rate academic education combined with their training as golfers.

Bristow said, "We're building a solid portfolio of targets here and we're still adding new exploration permits. We've always believed in the prospectivity of Côte d'Ivoire and we are becoming increasingly confident that it will deliver our next world-class discovery. Our Boundiali permit in particular hosts some very exciting prospects. We are also busy with near-mine exploration designed to extend Tongon's life by developing satellite deposits and converting the resource potential below the existing pits."