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Saturday, 2 June 2012

Randgold Resources (RRS) - Buy at 5215p

Randgold Resources is a FTSE 100, and Nasdaq 100 stock, currently valued at around £4.8bn. Its operations are mainly in West Africa. The main production comes from three projects in Mali, which consists of their Morila, Loulo and Gounkoto mines. These mines account for around 70 per cent of annual production. Rangold also has a mine at Tongon in the northern Ivory Coast, and a further mine is in development in the Democratic Republic of Congo in conjunction with South Africa's Anglogold Ashanti. The company also has various exploration programmes in the above mentioned countries, in addition to Senegal and Burkina Faso. Read the full report in Redmayne Bentleys Share Spotlight, on ShareWorld.

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