Gold Costs

Randgold (Nasdaq:GOLD) Plunges on 39 Percent Increase in Costs

No matter how hard Randgold (Nasdaq:GOLD) Chief Executive Officer Mark Bristow tried to deflect attention away from the 39 percent increase in costs, he couldn’t do it, and the gold miner took a beating, even though other numbers were decent in their last quarter.The cost issue came from power outages at their Loulo mine in Mali. That resulted in the cost increases, and in dollars it came to $665

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