Randburg International Gold Corporation
Randburg International Gold Corporation is a mining company based in Johannesburg, South Africa. The company is engaged in the acquisition, development, and operation of gold projects in South Africa and elsewhere.
History
Randburg International Gold Corporation was founded in 2005. The company’s first project was the Doornkop Gold Mine, which is located in the Witwatersrand Basin of South Africa. In 2009, Randburg acquired the Modder East Gold Mine, which is also located in the Witwatersrand Basin.
Operations
Randburg International Gold Corporation’s operations are focused on the Doornkop and Modder East Gold Mines. The Doornkop Gold Mine is an underground mine that produces approximately 100,000 ounces of gold per year. The Modder East Gold Mine is a surface mine that produces approximately 50,000 ounces of gold per year.
Expansion Plans
Randburg International Gold Corporation is planning to expand its operations in South Africa and elsewhere. The company is currently exploring for gold projects in the Free State and North West provinces of South Africa. Randburg is also exploring for gold projects in West Africa and South America.
Financial Performance
Randburg International Gold Corporation’s financial performance has been strong in recent years. The company has reported net income of over $100 million in each of the past three years. Randburg’s share price has also performed well, rising by over 50% in the past year.
Outlook
The outlook for Randburg International Gold Corporation is positive. The company has a strong track record of profitability and growth. Randburg is also benefiting from the rising price of gold. The company’s expansion plans should also contribute to its future growth.
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