Randgold Resources Q2 Pre-tax Profit Rises - Quick Facts

(RTTNews) - Randgold Resources Limited (RRS.L, GOLD) reported Thursday that its second-quarter pre-tax profit rose to $80.30 million from $71.96 million in the same period last year.

However, profit attributable to shareholders declined to $49.03 million from $53.60 million in the year-ago period. Earnings per share were $0.52, lower than $0.58 last year.

Gold sales revenue declined slightly to $354.44 million from $354.78 million last year. Average gold price received increased to $1,264 per ounce from $1,189 per ounce last year.

Chief executive Mark Bristow said, "Looking ahead at the rest of the year, all our teams have been reworking and optimising their mine plans to ensure that we end 2016 within guidance. In addition, we're intensifying our focus on critical operational issues to ensure that we deliver a substantial second-half improvement."