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Randgold's mining profit falls due to lower gold prices

Reuters - UK Focus

May 7 (Reuters) - Gold miner Randgold Resources Ltd said its first-quarter profit from mining fell 16 percent, hurt by lower gold prices and reduced production.

Mining profit fell to $143.9 million for the quarter ended March 31 from $171 million a year earlier.

The company, which mines gold in Mali, Cote d'Ivoire and the Democratic Republic of Congo, said gold sales rose 1 percent to $344.6 million. (Reporting By Mamidipudi Soumithri in Bengaluru; Editing by Gopakumar Warrier)