African gold major Randgold Resources will continue to invest in exploration, particularly in Côte d’Ivoire, despite the challenging market faced by the gold mining industry.

Randgold Resources CEO Mark Bristow says that ongoing exploration at Tongon was successfully replacing reserves depleted by mining, extending the mine’s life as well as enhancing its operational flexibility.

Meanwhile, the company’s greenfields teams were also exploring elsewhere on the Nielle permit, which hosts Tongon, as well as further afield, with the Mankono and Boundiali permits in particular returning encouraging results.

Randgold Resources aims to increase its already substantial ground-holding in Côte d’Ivoire’s most prospective regions and is negotiating the awarding of additional permits with the government.

Bristow commends the successful outcome of the country’s recent elections and says Randgold is looking forward to working with the new government in the same spirit of constructive partnership that had characterised the relationship over the course of the company’s long engagement with Côte d’Ivoire.

In addition to its exploration focus in Côte d’Ivoire, Randgold has also recently entered into three new joint venture agreements with juniors in the Democratic Republic of Congo to look for additional gold deposits to explore.

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