Randgold delivers record 2012 results

Results for the fourth quarter and the full year, published on Tuesday, 5 February 2013, show profit for the year up 16% at US$511 million and production up 14% at 794,844 ounces of gold. Quarter on quarter, profit increased by 18% and production by 5%. Cash and gold on hand at the year- end amounted to US$403 million despite capital expenditure of US$563 million, mainly on the Kibali project.

The board has proposed a 25% increase in the annual dividend to 50 US cents for shareholder approval at the annual general meeting.

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