Market Overview

UPDATE: Randgold Posts Drop In Profit

Related GOLD
Bear of the Day: Randgold (GOLD) - Bear of the Day
Morning Market Losers
Signs of the Times: 'We Buy Gold' (Fox Business)

Randgold Resources PLC (NASDAQ: 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.

Posted-In: profitEarnings News


Related Articles (GOLD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters