Both LTIFR and TIFR increased quarter on quarter, however the progressive rates remain significantly lower compared to 9 months ending September 2017
Malaria programme continues to deliver significant results and on track to achieve an incidence below 20% for the year
Kibali successfully passed the ISO 45001 stage 1 certification audit while remaining operations are progressing towards migration from OHSAS 18001 to ISO 45001
No major or moderate environmental incidentDevelopment and testing of the web based EHS data management system (Isometrix) continues with launch date planned for January 2019
Efficiency in freshwater used improved quarter on quarter to 0.27m3/t
Group power efficiency was at 46.58kWh/t milled vs 43.47kWh/t in the previous quarter
Massawa public consultation carried out and Environmental and Social Impact Assessment almost completedRandgold Resources now included in both FTSE4Good and
Dow Jones Sustainability Indices recognising the company's investments in sustainability
Key performance indicators…
Proposed Barrick merger to create new mining champion
Group gold production in line with Q2 despite impact of Tongon industrial action
Group total cash cost per ounce down 16% quarter on quarter
Profit for the period up 25% quarter on quarter
Cash on hand increased by 8% from Q2 to $654 million
Kibali posts another record quarter and moves further ahead of plan
Solid performance by Loulo-Gounkoto with increases across the board
Tongon operations back to normal after lockout
Morila agripole project endorsed by government
Massawa starts public participation process as part of feasibility study
Strong results from Yalea and Kibali underground extension drilling
Preliminary economic assessments highlight potential for new satellite operations at Loulo and Kibali
Ongoing work along Badenou structure shows potential to add ounces at Tongon
$1000
Average gold price received ($/oz)
Gold sales1
Total cash costs1
Profit from mining activity1 Exploration and corporate expenditure Profit for the period
Profit attributable to equity shareholders Net cash generated from operations Cash and cash equivalents2
Gold on hand at period end3 Group production (oz) Group sales1 (oz)
Group total cash cost per ounce1 ($) Group cash operating cost per ounce1 ($) Basic earnings per share ($)
Refer to Q3 2018 quarterly report for footnotes
Loulo-Gounkoto Complex…Q3 update
Combined production from Loulo and Gounkoto increased 16% quarter on quarter to 174 018oz due to a 21% improvement in grade
Total cash cost per ounce of $577/oz was 16% lower on the back of increased gold productionProfit from mining increased 19% quarter on quarter to $111.9 million
Preliminary economic assessment completed on potential of Loulo 3 expanded open pit and underground project
Drilling continues to expand high grade mineralisation in south of the Yalea orebody
Exploration on the Gounkoto permit leads to a larger review of the Faraba structure where multiple zones of mineralisation show potential to be extended and combined
$1.1 million spent on construction of 10 drinking boreholes for communities, village houses, seeds and fertilizers for local farmers
Both mines remain ISO 14001 certified
30 Sep 2018
30 Jun 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
Mining
Tonnes mined (000)
Ore tonnes mined (000)
Milling
Tonnes processed (000) Head grade milled (g/t) Recovery (%)
Ounces produced Ounces sold
Average price received ($/oz) Cash operating costs1 ($/oz) Total cash costs1 ($/oz)
Gold on hand at period end2 ($000) Profit from mining activity1 ($000) Gold sales1 ($000)
Refer to Q3 2018 quarterly report for footnotes
Gold production increased 5% quarter on quarter to 106 022oz with total cash cost per ounce down 10% at $595/oz
Gara
Increase in production a result of a 29% increase in head grade milled to 5.3g/t
Yalea
Ore development prioritised to maintain plant throughput and both Yalea and Gara delivered improved tonnages and ounces
0
0.5
1
1.5
2
Ore tonnes mined
t000
400
Equipment shortages and power outages experienced have since been resolved
Development of Yalea South Lower started and is expected to improve ongoing flexibility
200
0
Q1 2018Q2 2018Q3 2018
Yalea
Gara
30 Sep 2018
30 Jun 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
Mining
Tonnes mined (000)
Ore tonnes mined (000)
Milling
Tonnes processed (000) Head grade milled (g/t) Recovery (%)
Ounces produced Ounces sold
Average price received ($/oz) Cash operating costs1 ($/oz) Total cash costs1 ($/oz)
Gold on hand at period end2 ($000) Profit from mining activity1 ($000) Gold sales1 ($000)
Refer to Q3 2018 quarterly report for footnotes
Conversion and Exploration Target Summary:
Yalea Transfer Zone (15 drill holes) Size: 500m strike x 100m VD
Wt. Av. Grade: 13.3g/t (range 5.7 to 19.9g/t) Av. Thickness: 11.4m (range 2.4 to 21.7m)Yalea FW Panel (15 drill holes) Size: 1000m strike x 280m VD
Wt. Av. Grade: 4.1g/t (range 0.14 to 8.41g/t) Av. Thickness: 5.3m (range 2.5 to 11.4m)
3 - 2g/t
2 - 0.7g/t
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Randgold Resources Ltd. published this content on 06 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 November 2018 11:45:05 UTC