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Randgold profits down after rocky quarter

Randgold Resources’ March quarter was marked by lower production at its major operations, which hit cash flow despite cost reductions at some operations.

Randgold profits down after rocky quarter Randgold profits down after rocky quarter Randgold profits down after rocky quarter Randgold profits down after rocky quarter Randgold profits down after rocky quarter

Tongon has 3.5 years of mine life left but its workers made sure there was more gold left in the ground than planned in the March quarter

The operational issues, including a changed mine plan with lower grades at Loulo after power outages and the complex worker unrest at Tongon, came at the same time Randgold was trying to negotiate