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World markets  |  February 04, 2013 10:11:28

Results for 4Q Randgoldu slightly below market expectations

Gold miner Randgold Resources today announced results for the year 2012. Revenues amounted to 1.32 billion USD, almost in line with the estimate of 1.34 billion, and net profit was 431.8 million, slightly below the estimated 449.8 million full-year production was 795 thousand. ounces of gold, in line with the recently revised view of about 800 thousand. ounces, and rose by 14%. The cost per ounce for the full year amounted to 735 USD (+7% y / y). The company proposed to increase the dividend by 25% to $ 0.5 per share. Results evaluated slightly negative due to the lower gain than expected, but the increase in costs in comparison with the sector is relatively small.

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