Randgold Sees 2012 Gold Production Rising as Much as 22%
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Randgold Resources Ltd., a miner of the precious metal in Africa, expects its gold production to increase as much as 22 percent next year as output in Mali and Ivory Coast rises. The shares surged to a record.
Output may jump to 850,000 ounces to 900,000 ounces in 2012 from a target of 740,000 ounces to 760,000 ounces this year, Chief Executive Officer Mark Bristow said today in an interview in London. “We’re forecasting a significant step-up,” he said.