Randgold's African Mining Acumen Is Being Tested on All Fronts
- Gold miner facing problems in Congo, Mali and Ivory Coast
- Share price down 20 percent since the start of the year
The Kibali gold mine, operated by Randgold Resources Ltd., in Kibali, Democratic Republic of Congo, in 2014.
Photographer: Simon Dawson/Bloomberg
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Randgold Resources Ltd.’s celebrated ability to operate in Africa is being tested on all fronts, and it’s taking a toll on the London-listed gold miner’s stock.
For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20 percent so far this year.