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Stock Market & Financial Investment News

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May 8, 2014
05:45 EDTGOLDRandgold Resources reports Q1 gold sales of $363M
Gold sales of $363M were up quarter on quarter, following a 3% increase in the average gold price received, and on the corresponding prior year quarter despite a 21% drop in the average gold price received. Total cash cost per ounce of $685 was up 9% quarter on quarter but down 19% on the corresponding prior year quarter on the back of the ramp-up of production at Kibali and significantly higher grades and recovery at the Loulo-Gounkoto complex in Mali. Profit from mining decreased by 4% quarter on quarter to $171M, due to the increase in costs, but was up 14% on the corresponding quarter in 2013.
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