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.
More to follow...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BC
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
