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Randgold reports 53 percent rise in half-year profit, cash pile mounts

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Randgold reports 53 percent rise in half-year profit, cash pile mounts

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LONDON (Reuters) – Randgold <RRS.L> on Thursday reported a 53 percent rise in half-year profit and said its cash pile rose 11 percent to $572.8 million despite the payment of the 2016 dividend of $94 million. “At this stage the outlook is positive, and Randgold is trending towards the top end of its 2017 production guidance range at a total cash cost below $600 per ounce,” Chief Executive Mark Bristow said in a statement.

(Reporting by Barbara Lewis in London and Sanjeeban Sarkar in Bengaluru; editing by Jason Neely)
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