Randgold Resources Ltd, a West African gold producer listed on the London Stock Exchange, Thursday posted a 29 percent decline in its profits attributable to equity shareholders in the second quarter of this year, compared to three months earlier.
With gold production decreasing, the firm registered earnings of 53 million U.S. dollars in the second quarter of 2014, significantly lower than the 74.34 million dollars in the first quarter of the year, Randgold said in a statement.
The basic earnings per share were 0.53 U.S. dollars for the three months ending June 2014, down from 0.8 dollars a quarter earlier.
The company produced 277,283 ounces of gold in the second quarter, less than the record high 283,763 ounces in the first quarter.
Gold sales for the quarter were 355.2 million U.S. dollars, down 2 percent from the previous quarter, as average prices slipped to 1,290 U.S. dollars per ounce.
Randgold Resources, headquartered in Jersey, Channel Islands, is listed on the London Stock Exchange and the NASDAQ stock exchange.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor