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Price slump hits Randgold profit, raises dividend

Johannesburg Randgold Resources posted a 17% fall in 2014 profit, hurt by lower gold prices, but said it would increase its final dividend by 20%.

The gold miner, which has mines in Mali, Ivory Coast and the Democratic Republic of Congo (DRC), said it expected to produce 1.20 million to 1.26 million gold ounces in 2015 as production at its Kibali mine in DRC continues to ramp up.

Randgold said profit fell to £271.2m in the year ended December 31, from $325.7m a year earlier.


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Rand - Dollar
18.90
+0.2%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.36
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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