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Morila ends year strongly

LOW-cost gold producer Randgold Resources has said strong performance from the Morila mine in Mali in the December quarter offset poor performance in the three preceding quarters, leading to a net profit for the year of US$20.1 million.

Rebecca Keenan
Morila ends year strongly

Morila produced 510,485 ounces for the year which was below expectations of 535,000oz. Nearly half of the production - 226,679oz - came from the last quarter at total cash costs of US$136/oz. Randgold...

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