On Thursday, Shares of Randgold Resources Ltd. (ADR)(NASDAQ:GOLD), subtract -10.08% and closed at $77.53 in the last trading session. The last trading range of the stock ranges between $77.60 and $83.22. Randgold Resources ( LSE : RRS ) ( NASDAQ : GOLD )
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
RANDGOLD SETS SIGHTS ON THREE NEW PROJECTS IN NEXT FIVE YEARS
London, 3 November 2016 – A strong third quarter performance kept Randgold Resources on track to meet its 2016 guidance. Forecast cash flows generated from operations are expected to support funding for the three new projects the company has set as a aim to establish over the next five years in addition to increasing dividends.
Results for the quarter, published recently, show profit of $77.3 million, up 32% on the previous quarter and 58% on Q3 2015, while earnings per share raised by 35% quarter on quarter and 17% on 2015. Production of 301 163 ounces was up 7% quarter on quarter and in line with the previous year, and total cash cost per ounce of $663 was 9% lower quarter on quarter and 5% down on the prior year’s corresponding quarter. With net cash generated by the operations increasing by 18% quarter on quarter, cash grew to $361.1 million.
Comerica Incorporated (NYSE:CMA), jumped 2.98% and closed at $56.39 in the last trading session. The last trading range of the stock ranges between $54.96 and $56.75. The company’s Market capitalization is $10.23 Billion with the total Outstanding Shares of 172.26 million. Michael E. Collins has been designated to the Comerica Incorporated Board of Directors. Collins is a former banking and finance executive with nearly 40 years of regulatory experience, counting service with the Federal Reserve Banks of Cleveland and Philadelphia. In his final two years at the Philadelphia Fed he was the executive vice president in charge of all supervision and regulation. Collins will serve as a member of the board’s Enterprise Risk Committee. The declarement was made by Ralph W. Babb Jr., chairman and chief executive officer.
“Mike is a welcome addition to the Comerica team,” said Babb. “He brings to our board a number of key skills, counting a strong background in risk administration and relevant business administration experience, in addition to a deep understanding of the financial services industry, particularly bank regulation. A former banker, consultant and planned advisor, Mike has demonstrated considerable leadership abilities over the course of his long and distinguished professional career, and will bring thoughtful and valuable insights to our board.”