Analyst Views | What should investors watch out for in Randgold’s results?
TIM DUDLEY CANACCORD GENUITY
Randgold guided production in a range of 900-950,000 ounces,
representing a 13-19 per cent increase over 2012, based on more conservative guidance for Tongon and Morila than our forecast of 950,000 ounces. We maintain our “buy” rating.
KATE CRAIG LIBERUM CAPITAL
2012 production was broadly in line with our numbers. Cash costs were up at both Loulo and Tongon due to issues with recoveries that we expect will run into the first quarter of this year. Kibali capital expenditure overrun was only six per cent which is better than our estimation of 10 per cent.
RICHARD CURR PRIME MARKETS
Given that the share price falls since October have arguably factored in the uncertainty over Mali conflict, the reassurance from Bristow and his team that Randgold Resources is on target to produce 1.2m ounces of gold by 2015 is good enough for us.