Randgold could consider sale of Senegalese gold project, shares +3.8%


Randgold Resources (GOLD +3.8%) CEO Mark Bristow says the miner has been approached by groups interested in its stalled Massawa project in Senegal and would consider a sale.

GOLD isn't actively exploring a sale, Bristow says, but the project no longer meets the company’s requirements for development; GOLD wants projects that have 3M oz. of gold reserves using an assumed gold price of $1,000/oz. and an internal rate of return of 20%.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs