The company's Tongon mine in Cote d'Ivoire poured its first gold in November 2010. Randgold's latest mine, Gounkoto, south of Loulo, delivered first ore to the Loulo plant in June 2011 and paid its first dividend to shareholders in mid 2012, just 30 months after drilling the first discovery borehole.
In 2009, the company acquired a 45% interest in the Kibali project in the Democratic Republic of Congo (DRC), which stands at 10.9Moz of mineral reserves and is one of the largest undeveloped gold deposits in Africa. Open pit mining has started at Kibali and construction of the gold mine has been ramped up for expected fourth quarter 2013 first gold production, while underground mine development has also begun. The first full year of production is planned for 2014. Randgold also has a major project at Massawa in Senegal and an extensive portfolio of organic growth prospects, supported by intensive exploration programmes in Cote d'Ivoire, DRC, Mali and Senegal. New joint ventures in the DRC and Senegal have expanded Randgold's footprint in these regions.
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