Mining Weekly reported that Randgold’s profits rose by 16 percent in 2012, while production increased as well.

As quoted in the market report:

Meanwhile, gold output for 2012 increased to 794 844 oz, compared with the 696 023 oz of gold produced the year before, as the company’s flagship Loulo-Gounkoto complex, in Mali, produced over half-a-million ounces for the period – exceeding its production target.

To view the whole Mining Weekly report, click here.