UPDATE: Randgold Posts Drop In Profit
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.
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