New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 3, 2014
05:42 EDTGOLDRandgold Resources reports FY13 production 910,373 ounces
Randgold Resources boosted gold production to a new record level and reduced total cash cost per ounce in 2013 while lining up its operations to exceed the million-ounce mark for the first time this year. Releasing its results for the quarter and year to December, the company reported production of 910,373 ounces for 2013, up 15% on the previous year, and forecast a continued rise in output over the next five years, with production in 2014 expected to increase by between 25% and 30% on the back of increasing grades at the Loulo-Gounkoto complex, improving recoveries and throughput at Tongon and the recently commissioned Kibali's first full-year contribution. Total cash cost per ounce for the quarter was US$628, down 5% on the previous quarter, and $715 for the year, down 3% on 2012. On the back of the higher production, gold sales of $1.27B for the year were almost in line with the previous year, but a drop of 17% in the average gold price received reduced profit from 2012's $510.8M to $325.7M.
News For GOLD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 22, 2015
07:34 EDTGOLDDenver Gold Group to hold a forum
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use