Randgold to pay dividends from Ivory Coast's Tongon mine in Q3 2015 - CNBC Africa

Randgold to pay dividends from Ivory Coast's Tongon mine in Q3 2015

Mining

by Reuters 0

Randgold Resources Ltd will begin paying dividends from its Tongon mine in Ivory Coast.

This will be done in the third quarter of 2015 as it targets gold production of 260,000 ounces for the year, chief executive Mark Bristow said on Thursday.

The mine missed its 2014 production target of 250,000 ounces by 10 per cent due to technical problems, he said during a visit to the mine. Output is expected to reach 280,000 ounces in 2016 before attaining full output of 300,000 ounces the following year.

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