Randgold Q3 profits rise
But total cash cost per ounce increase to $573.
Reuters10 November 2009 10:11
LONDON (Reuters) - Gold miner Randgold Resources swung into a profit in the third quarter as higher gold sales outweighed rising costs.
It also said on Tuesday it will fast-track its Gounkoto project in Mali and plans to complete a pre-feasibility study on the project, situated 25 kilometres south of the company's flagship Loulo complex, by the end of the first quarter of 2010.
The only pure gold producer in the FTSE 100 index said it moved into a profit of $13.6 million from a loss of $684,000 a year ago.
Its third-quarter gold production rose to 118,925 ounces from 101,856 ounces, but total cash costs per ounce increased to $573 from $513.
Gold prices rose to a record $1,110.85 an ounce on Monday amid dollar weakness and are up 25 percent this year.
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gold what is the price of gold on 18th;nov.2009 by patel vivekkumar bholabhai on November 10 2009, 12:34 Find this comment inappropriate? Report it |
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Just Watch Price is not guarantee and the depends on several factors. Just watch and find out. by GOLDWatch on November 10 2009, 12:45 Find this comment inappropriate? Report it |
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