UPDATE: Randgold Posts Drop In Profit

Randgold Resources PLC GOLD reported a drop in its full-year profit. Randgold's net profit for the year fell to $278.4 million, from a year-ago profit of $431.8 million. Its basic earnings per share declined to $3.02 from $4.70, versus analysts' estimates of $2.83. Its gold sales surged to 920,248 ounces versus 793,852 ounces. Randgold projects gold production to rise by 25% to 30% this year. Randgold shares gained 2.71% to $68.90 in pre-market trading.