Chief Executive of Randgold Mark Bristow
Chief Executive of Randgold Mark Bristow

The board has proposed a 10% increase in the 2015 dividend to $0.66 per share for approval at its annual general meeting on 3 May 2016.

Chief Executive of Randgold Mark Bristow
Chief Executive of Randgold Mark Bristow

Commenting on this statement, financial director Graham Shuttleworth said that at a time when the gold mining industry was focused on survival, Randgold was able to maintain its dividend policy on the back of last year’s strong performance.

He confirmed that the company still intended to build its net cash position to approximately $500 million to provide financing flexibility for future new mine developments and other growth opportunities.

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