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%.

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