Gold Miner Raises Dividend by 52%

Investors set to cash in as FTSE-listed mining company reveals gold production has hit record levels 

Emma Simon 6 February, 2017 | 12:04AM
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Investors are to share a bumper pay out, as Randgold Resources (RRS) – the FTSE-listed mining giant – revealed it is to raise its dividend by 52%, following its sixth consecutive year of gold production gains.

Gold production in its African mines was now at record levels, the company said.

In its fourth quarter results, Randgold said that sales were up by 11% year-on-year, and profits were up by 38%. Gold production increased by 26% compared to the previous quarter. This strong performance enabled it to raise the dividend to £1.00 per share.

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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