Randgold H1

Attending the Randgold analysts briefing at noon today.  In the meantime here’s Randgold’s own spin on the H1  and Q2 Highlights.  On the face of things a positive quarter!

STRONG FIRST-HALF PERFORMANCE POSITIONS RANDGOLD TO DELIVER ON 2017 TARGETS 
KEY PERFORMANCE INDICATORS FOR THE Q2 ENDED 30 JUNE 2017

• Profit up 21% quarter on quarter and 53% on corresponding 6 months of prior year

• Production up 6% quarter on quarter and 16% on corresponding 6 months of prior year
• Earnings per share up 20% quarter on quarter and 49% on the corresponding 6 months of prior year
• Total cash cost per ounce down 8% quarter on quarter and 13% on corresponding 6 months of prior year
• Net cash of $572.8 million up 11% during the first 6 months of the year, after paying $94.0 million annual dividend
• Loulo-Gounkoto delivers strong first half performance
• Morila performs in line with plan and completes Domba permitting
• Tongon production up 15% quarter on quarter and 38% on corresponding 6 months of prior year
• Process plant upgrades produce results as Kibali prepares for underground ramp-up
• Ongoing brownfields exploration highlights reserve extensions at Yalea, Gara and Kibali
• Exploration along Fonondara trend in Côte d’Ivoire extends mineralisation and leads a portfolio of targets with +5km strike lengths
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