[miningmx.com] – RANDGOLD Resources viewed the current slump in the gold market as an opportunity to buy production, said Bloomberg News citing the gold firm’s founder and CEO, Mark Bristow.
“Everyone would like to sell assets that they don’t want,’ Bristow told the newswire. “We want assets they don’t want to sell. It’s going to come as a surprise to the market as people realize they have to do it. There’s going to be a tipping point,’ he said.
Bristow said buying a mine, rather than a company, was Randgold’s preferred option.
“Driven by circumstances I believe there are going to be some opportunities,’ he said. Bristow has built Randgold Resources by discovering its own gold and building projects from the resource.
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