Randgold Resources (GOLD +0.2%) says it expects its Kibali gold mine in Democratic Republic of the Congo to achieve full production this year, following the commissioning of its underground operation's automated ore handling and hoisting system.
CEO Mark Bristow says with development expenditure tapering off, Kibali should now be in a position to start repaying its capital loans.
Bristow says Randgold remains committed to a future in the DRC, adding that Kibali is on track to produce its target of 700K oz. of gold in 2018.
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