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Earnings Review and Free Research Report: Randgold’s Q2 Results Topped Expectations

Research Desk Line-up: Gold Fields Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 24, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Randgold Resources Ltd (NASDAQ: GOLD) ("Randgold"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GOLD, following the Company's disclosure of its second quarter fiscal 2017 (Q2 FY17) earnings on August 03, 2017. The Channel Islands, Jersey-based Company's diluted earnings per share (EPS) grew on a year-over-year basis, outpacing market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:


Get more of our free earnings reports coverage from other constituents of the Gold industry. Pro-TD has currently selected Gold Fields Limited (NYSE: GFI) for due-diligence and potential coverage as the Company announced on August 17, 2017, its financial results for the six months which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Gold Fields when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GOLD; also brushing on GFI. With the links below you can directly download the report of your stock of interest free of charge at:



Earnings Reviewed

During Q2 FY17, Randgold reported total revenue of $336.79 million compared to $276.84 million in Q2 FY16. During the reported quarter, the Company generated $7.53 million from other income, rising from $2.27 million in the previous year's comparable period.

The gold miner's total comprehensive income grew to $84.02 million, or $0.88 per diluted share, in Q2 FY17 from $50.05 million, or $0.52 per diluted share, in the prior year's same quarter. Moreover, Wall Street had expected the Company to report total comprehensive income of $0.76 per diluted share.

Operating Metrics

For Q2 FY17, the Company's mining and processing costs were $161.12 million compared to $176.92 million in Q2 FY16. The Company spent $17.37 million on royalties in Q2 FY17 versus $14.73 million in the previous year's comparable period. Meanwhile, total costs for the reported quarter stood at $191.31 million in Q2 FY17 compared to $204.70 million in the prior year's corresponding period.

The Company's Gold production volume was 341,316 ounces in Q2 FY17 compared to 281,494 ounces in the previous year's same quarter. Additionally, the group's Gold sales volume was 336,516 oz in Q2 FY17 compared to 280,519 oz in Q2 FY16. The group's total cash cost per ounce was $572/oz during Q2 FY17 which was lower than $727/oz in Q2 FY16. The group's cash operating cost per ounce for the reported quarter was $508/oz compared to $661/oz in the last year's same quarter. Furthermore, the average gold price received during the quarter was $1,254/oz compared to $1,264/oz in Q2 FY16.

Cash Flow and Balance Sheet

In the three months ended June 30, 2017, net cash generated by operating activities stood at $132.35 million compared to $101.48 million in Q2 FY16. As on June 30, 2017, cash and equivalents, balances stood at $572.84 million compared to $272.69 million as on June 30, 2017.

Stock Performance

On Wednesday, August 23, 2017, the stock closed the trading session at $97.14, marginally up 0.29% from its previous closing price of $96.86. A total volume of 457.95 thousand shares have exchanged hands. Randgold Resources' stock price advanced 7.92% in the last one month, 4.12% in the past three months, and 2.59% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 27.25%. The stock is trading at a PE ratio of 31.00 and has a dividend yield of 1.03%. At Wednesday's closing price, the stock's net capitalization stands at $9.10 billion.

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SOURCE: Pro-Trader Daily