Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.
Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.
Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.