Bloomberg reported that increased gold output in Mali and Ivory Coast may mean that Randgold's (NASDAQ:GOLD) production will increase significantly.
The Street reported on two gold companies that are expected to report improved first quarter results.
Global gold mining giant Randgold Resources declared that it has posted a 41% surge in quarter on quarter net profit to $13.1 million in the first three months of 2009 following increased output and a higher gold price. For full story, click here
Randgold Resources boosted net profit quarter on quarter by 41% to USD13.1 million in the three months to March 2009 on the back of increased output and a higher gold price. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Though 2009 is slated to be another challenging year for gold, most gold producing companies are securely placed to benefit from gold’s continued strength. Take the case of Randgold Resources Ltd, (NASDAQ:GOLD, LON:RRS) the owner of gold mines in West Africa, which has announced upgrades. The company [...]
West Africa-focused gold miner Randgold Resources Ltd reported a rise in pretax profit to US$75.9 million from US$63 million a year earlier, while gold sales rose to US$338.5 million from US$289.8 million. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Gold which has had a really powerful run in the last few days, slipped a little at the end of last week, as participants booked profits in thin trading conditions. The precious metal had ended 2008 trading up 5.5 per cent, its eighth consecutive yearly gain and [...]
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
Bloomberg.com reports Gold Fields faces $11 billion rand over claims on Western Areas Ltd to secure control of the world’s biggest gold deposit. Gold Fields received a summons from Randgold and Exploration Company Ltd. and African Strategic Investment Ltd., the company said in a statement to Johannesburg’s Stock Exchange News Service today. It will defend [...]
Wednesday, November 2, 2011