This is a review of Randgold Resources. What is Randgold Resources? Is it legit? How does it work? What products do they offer you? Are there better alternatives? This is just a few of the questions we help you answer today!
Name of the company: Randgold Resources (Merged with Barrick Gold in 2018)
Official Website URL: http://www.randgoldresources.com/
CEO: Mark Bristow
Products: Gold, Gold stocks
Those who have a keen eye for major moves made by giant corporations can easily relate to the statement that Randgold Resources is a valuable company who role in the mining industry cannot be underestimated. In this review, I will be going through the main details that pertain to the existence of this company, as well as how it goes about its operations. Listed below are the main pointers that will guide this review:
– What is Randgold Resources all about?
– How does it go about its operations?
– What products does this company offer?
– Is Randgold Resources legit?
– Which investment opportunities are available in this company?
– What are the alternatives to the investment opportunities offered by Randgold Resources?
– Which are the unique benefits and drawbacks of this company?
What is Randgold Resources about?
Randgold Resources, as was known prior to its merger with Barrick Gold in 2018, was operating as a mining company whose main activities were based in Mali. This company’s headquarters were situated in Jersey, Channel Islands. This company was formed in 1995 and was listed on the London Stock Exchange two years later. Randgold Resources was carrying out its activities quite normally till September 2018, when it announced that it would be doing share-to-share merger with Barrick Gold. This deal was worth a clean $18.3 Billion.
Randgold Resources had managed to deliver value to its investors through the proper management of its manpower, comprising of more than 11, 500 employees. At the time it was merging with Barrick Gold Corporation, the investors who previously held their stocks investment with Randgold became entitled to 33% of the resulting merger.
How it works
Currently, all the operations that Randgold Resources can claim to be in charge of are defined in the merged company’s operational strategy. Prior to this merger, however, this company was running its main operations in the following mines:
– Morilla Gold Mine – located in Mali
– Loulo-Gounkoto Mine complex- Located in Mali
– Tongon Mine –Located in Cote d’Ivoire
– Kibali Gold Mine – located in DRC.
This company was also running other projects in Massawa, Senegal. Despite being registered in Jersey, the main operations were carried out by this company’s CEO in the offices at London. The main administrative tasks were overseen from the offices in Johannesburg, South Africa.
Currently, Randgold Resources contributes to the overall success of Barrick Gold through supporting the mining and exploration projects done in 15 nations distributed across the world. Combined, these two companies are able to take on projects that represent value to the concerned shareholders.
Randgold Resource’s main mining and exploration activities were focused on the production of gold. This company was in 2017 able to accumulate revenues amounting to $1.28 billion from its gold mining activities in the mines listed above. Currently, Randgold Resources is still working in conjunction with Barrick Gold to supply gold to the market.
As seen above, this company had already opened its doors to investors as early as 1997, where its stocks were publicly traded in the London Stock Exchange. These stocks were traded under the ticker “RRS”. This company had also managed to get its way to NASDAQ, where its stocks were traded under the ticker “GOLD”. This company’s stocks were also an FTSE 100 component.
Is it a genuine company?
Currently, any questions regarding the genuineness of this company can be addressed by reviewing the state of the combined company. Prior to the merger, however, Randgold Resources was a genuine company that was serving various stakeholders by offering gold and gold stocks. The fact that this company’s stocks were publicly traded in the London Stock Exchange and NASDAQ, happens to be extra proof that it was indeed a legit company that was indeed striving to be of value to investors from various parts of the world. The notable figures in Randgold Resources included:
– Christopher Coleman – The board chairman
– Mark Bristow – CEO
Information about these two executive directors is available on multiple sources on the internet.
Prior to the merger with Barrick Gold, Randgold Resources was offering gold stocks as the main investment instrument that investors could use to generate wealth for their short term and long term needs. At the moment, one can purchase Barrick Gold’s stocks and rely on their skills to earn investment income.
Alternatives to Randgold Resources
Investing in gold stocks may not be your ticket to wealth creation. The stocks’ prices are heavily based on the financial performance of the company that offers them. What happens when such companies cannot achieve the desired profitability? Companies in the mining industry are usually very prone to being hit with lawsuits resulting from irresponsible mining or miners’ deaths and injuries. If served with a number of lawsuits, such companies can end up performing quite poorly.
Since you do not want to risk losing your cash when all the money you have invested in stocks sinks, you should definitely invest in physical gold, through a suitable gold IRA company such as GoldCo. Investing in physical gold will help you survive the tough times economic times, and you can stand unafraid of losing your entire investment.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services and resources to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always recommended to compare the positive sides against the negatives to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Merged with Barrick Gold which is amongst the largest producers of gold in the world.
-Investors in the merged company have 33% of the shares.
– The gold stocks offered cannot outperform physical gold.
Do You Own or represent Randgold Resources?
If you are a representative, or associate of Randgold Resources and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Randgold Resources pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Randgold Resources to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com