ANDY DAVIDSON | NUMIS
Overall a positive operational and earnings update and a good hike in the dividend which should keep everyone happy. As expected, lower production from Tongon following the perfect storm of issues, offset by better ounces from the Loulo- Gounkoto complex.
JOHN MCGLOIN | COLLINS STEWART
With a strong gold price we see upside in the stock, which should benefit on these results. Kibali, which is expected to go into production in 2013, will be the key growth driver for capital expenditure, including investments in the anticipated start-up of construction at Kibali, set to reach $660m this year.
KEITH BOWMAN | HARGREAVES LANSDOWN
Gold continues to be buoyed by concerns that central banks will simply print more money, while shareholders have today been rewarded with a increase in the dividend payment. In all, and with ongoing group investment balanced against sizeable share price upside over the year, we say ‘hold’.
