Gold Mining Companies: Future looking bright for Randgold Resources

Gold Investment - 7 November 2011

The future is looking bright for gold mining and exploration company, Randgold Resources, which is listed on both the NASDAQ and the London Stock Exchange, especially considering that the company is expecting to increase the ounces of gold produce annually with no less than 172% to 1.2 million ounces by 2015.

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In addition to the above, Randgold Resources, which operates in African countries such as Mali, Côte d’Ivoire, Senegal and the DRC, expects to “…meet its target of a 20 percent rate of return even if gold falls to $1 000 (about R8 000) an ounce…” (Randgold puts faith in African gold, BusinessReport, Tim Cocks, 25 October 2011). This is according to the Chief Executive Officer (CEO) of Randgold Resources, the honorable Mark Bristow, who are also of the opinion that gold can easily hit the $2000 an ounce mark by next year. Mark sums it up perfectly: “The world’s pretty broken and gold is a barometer of how broken it is. It’s the only currency that politicians can’t print. As a hedge, it has proved itself in the last five years“(Randgold puts faith in African gold, BusinessReport, Tim Cocks, 25 October 2011). This is so true and despite the sad state of affairs, it is simply beyond us why so many investors still seem to be allergic when it comes to gold (not even to mention silver). Needless to say, if they refuse to accept the facts and choose to delay facing reality in an honest way, then they can expect to be faced by a harsh and unforgiving reality sometime in the future. You cannot run away from reality, but you can indeed prepare for it and increase your chances of survival, economically and otherwise. If we are honest with ourselves, then we must admit that the fake Judeo Jesus that they’ve created alongside fake money (fiat currencies) are going to lead to the downfall of millions of people, especially those who believe that it is a sin to own gold and silver, while nothing could be further from the truth. This is not to say that the real Jesus doesn’t exist, the one the world cannot see, because the world is in enmity with Him. Needless to say, the real Jesus is 100% for honest money and 100% against fake/counterfeit money.

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Given the above, it is clear that the future of Randgold Resources is looking bright indeed, especially considering that someone such as Mark Bristow is at the helm.