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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.
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July 28, 2014
05:40 EDTGOLDRandgold Tongon mine production ramp up impacted by technical issues
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July 25, 2014
10:02 EDTGOLDOn The Fly: Analyst Downgrade Summary
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08:28 EDTGOLDRandgold Resources downgraded to Underweight from Neutral at HSBC
HSBC downgraded shares citing valuation. Price target raised to $31 from $27.90.

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