Known in its heyday as “Morila the Gorilla”, the mine produced 6.9 million ounces of gold and paid more than $2.5 billion to its stakeholders in the form of taxes and dividends. It served as the base for Randgold’s expansion into Africa, among other things through the development of Loulo-Gounkoto in Mali and Kibali in the Democratic Republic of Congo. Both these mines are now part of Barrick’s Tier One portfolio.
MLL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held