Tag Archives: Profit Increase
Randgold Resources, a leading gold mine business in Africa and listed on NASDAQ stock exchanges, has announced a 38 per cent profit increase on its 2015’s 294.2 million USD while exceeding its production target in 2016 by 37,000 oz for their maiden gold mine in Mali – Loulo-Gounkoto Gold Mine. Randgold’s presence in Mali has aided to redefine gold mine in the country and has been a boost to economic development. The company paid over 2 billion USD in taxes to the government and an estimated 2.9 billion USD in strengthening the local economy through local investments, salaries, and payments to local suppliers. The company also declared that their operations in Mali alone contributes to about 10% of the country’s total GDP.