* Q2 production up 14 pct to 210,534 ounces
* Profit rises 10 pct to $142 mln
* Continues to see no impact from Mali unrest
* Sticks to 825,000-865,000 oz gold production target
* Shares up 2.7 pct
By Sarah Young
LONDON, Aug 9 (Reuters) – Miner Randgold Resources
eased market worries over the impact of a coup in Mali, posting
record production from its key mine in the country, and higher
group profit, distinguishing itself in a sector hit by weaker
prices and rising costs.
The West-Africa focused gold producer grew output 14 percent
to 210,534 ounces in the three months to the end of June, above
some analyst estimates and regardless of the ongoing unrest in
Mali, where its flagship Loulo-Gounkoto mine is located and
where production soared to record highs.
Profits rose 10 percent to $142 million in the period,
beating the $128 million it made last year, driven by the higher
output and in spite of a 6 percent decrease in the average gold
price the company received.
Continued…
