Randgold Resources Q3 Pre-tax Profit Declines – Quick Facts

Gold producer Randgold Resources Limited (RRS.L,GOLD) reported that its third-quarter profit before income tax decreased to $92.03 million from last year’s $96.79 million.

However, profit attributable to owners of the parent rose to $61.42 million from $48.71 million a year ago. Earnings per share were $0.64, up from $0.51 a year ago.

Total revenues for the quarter were $243.57 million, down from $298.09 million last year.

Gold sales for the quarter decreased to $374.23 million from last year’s $387.78 million.

Gold production was 308,628 ounces, down from 310,618 ounces in the prior-year period. Average gold price received decreased to $1,209 per ounce from $1,281 per ounce a year ago.

Randgold said its shareholders will vote on 7 November 2018, Wednesday, on its all-share merger with Barrick Gold Corporation.

In addition, the Dow Jones Sustainability Index has announced that Randgold has been included in its strictly screened rating of top industry sustainability performers.

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