This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Randgold Resources' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Randgold Resources Limited (GOLD)

Q3 2011 Earnings Call

November 2, 2011 8:00 AM ET

Executives



Mark Bristow – CEO

Analysts



Jason Fairclough – Bank of America/Merrill Lynch

Cailey Barker – Numis

Andrew Lu – Barclays Capital

Charles Cooper – Oriel Securities

Presentation



Mark Bristow

Before I kick off, just a special welcome to our latest addition to our board, Andy Quinn who’s here today. I’m sure everyone in the audience knows Andy from CIBC. And he joined us as a Non-Executive Director yesterday and Andy welcome, glad to see that you made it to your first appointment.

As you know, we’re constantly looking at making sure that we are keeping in line with changing situations and refresh our board and meet all the corporate governances that we require. And on top of being a banker, Andy comes with us a very deep mining knowledge and experience. And we’re delighted to have him join us.

Moving then on to the quarter three 2011. Past quarter was a tough one and I think I actually said that last quarter as well, that it was also a time when once again we produced a strong all around performance in operations developments and the exploration. And it’s always nice to grow into a rising gold price and that helps, and so bottom-line profits were satisfying to say the least. I think one of the interviews I had this morning, the interviewer pointed out to me that we had beat the market expectations and profits, but disappointed on cost.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,009.31 -25.62 -0.14%
S&P 500 2,104.03 +3.63 0.17%
NASDAQ 5,019.7440 +25.1420 0.50%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs