skip to content

Trading statements

Randgold Res. makes strong start to Q1

04 May 2017 07:28

Randgold Resources says it has made a strong start in Q1 2017, setting the group on track to achieve its guidance for year.

Q1 gold production was up 10% on the year at 322 470 ounces, with profit up 33% to $84.9m and total cash costs down 4% to $619/oz.

"The group did not match the previous quarter's record results however, with gold production down 15%, profit down 10% and total cash costs up 13% on this comparison," said Randgold.

"Cash continued to increase, rising by 16% to $600m, with no debt, and earlier this week shareholders approved a 52% hike to $1.00 per share in the annual dividend."

CEO Mark Bristow said Q1 was always a particularly busy one for Randgold and the past one had been no exception.

"Despite work stoppages that impacted operations at both the Loulo-Gounkoto complex in Mali and Tongon in Cote d'Ivoire, and the continuing ramp-up to full production at Kibali, the group's overall performance was its best for several years," he said.

Story provided by StockMarketWire.com

Related Company: RRS

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.