05 May '11, 8am

UPDATE 1-Randgold Q1 profit jumps 92 pct on higher gold output

* On track to produce at upper end of full-year guidance * Q1 profit $45.9 mln vs $23.9 mln, gold output up 24 pct * Tongon output unaffected by Ivory Coast power struggle * Expects to clear Tongon stockpile of 31,646 ozs next week * Shares up 1.95 pct, outperforms British mining index (Adds interview with CEO, share price, analyst comment) LONDON, May 5 (Reuters) - West African-focused gold miner Randgold Resources said its profit jumped 92 percent in the first quarter and that it is on track to produce at the upper end of its full-year production guidance. Profit rose to $45.9 million from $23.9 million in the year-earlier quarter as gold production grew 24 percent to 139,403 ounces, helped by its recently commissioned Tongon mine in the Ivory Coast , and on higher gold prices. The FTSE-100 miner expects to produce between 750,000 and 790,000 ounces of gold this year, up...

Full article: http://sg.news.yahoo.com/1-randgold-q1-profit-jumps-92-pc...

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