Randgold gives assessment of Malian troubles

published 3 May 2012

Gold miner Randgold Resources said it put in a 'robust performance' in the first quarter of 2012 in spite of the challenges it has faced in Mali, as a military coup in the country saw the stock lose around a quarter of its value in the last two months.

Compared with the first three months of 2011, the firm achieved strong growth in profits (up 126% and $104m) and production (up 19% at 165,443 ounces). However, in line with guidance, both elements were significantly down on the fourth quarter's record results, -28% and -13%, respectively.

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