Market Analysis: GOLD 3/4/2014

Rangold Resources Limited & Future Gold Predictions

Rangold has a very robust plan in place for the future of gold mining in the Congo. Rangold Resouces owns a 45% share in the Kibali mine which produces hundreds of metric tons of the precious metal each year. Up until recently all mining done at this region was from its open pit oxide circuit. The company has just finished their sulphide circuit which will significantly advance their develoment as a world class gold mining complex.

While many have been in desarray by the downturn of golds price, Rangolds longterm strategy is looking stronger than ever. "We're not worrying about how we're going to get through 2014; we have a robust value-focused five year plan in place, and we are looking to build on that. It's worth noting that our models are based entirely on our banked reserves and on a long term gold price of US$1 000 per ounce," he said.