Randgold Resources Intends to Remain Mid-Tier Gold Producer

Mining Weekly reported that Randgold Resources has announced their intention to retain their status as a mid-tier gold producer, with a focus on paying dividends to shareholders.

As quoted in the market report:

He said Randgold could technically afford to build a new $600-million mine every five years, while maintaining attractive dividend payouts. So comfortable is the company, that in February it had lifted its yearly dividend for the period ended December 31 by 25% to 50c a share, compared with 40c a share for 2011.

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