“Some of the juniors are stressed and we’re looking at what they...

“Some of the juniors are stressed and we’re looking at what they have,” he said, adding Randgold would consider any asset which has a resource base of at least three million ounces. According to a report by Reuters, Liberum analysts have cited Gryphon, which has a development project in Burkina Faso, and Papillon in Mali as likely targets for the company. Many of Randgold’s existing mines were borne from the group’s own greenfield exploration projects – an exception being Kibali, which it and AngloGold acquired as an exploration project in a C$546m cash-and-share transaction for Moto Goldmines in 2009. The asset has an existing resource base of over 10 million ounces.