MW:Randgold trims production target after heavy rain
By Simon Kennedy
LONDON (MarketWatch) -- Randgold Resources Ltd. UK:RRS -1.18% on Tuesday trimmed its production guidance for the year after heavy rainfall at its Loulo/Gounkoto gold mining complex in Mali. The group said it's now aiming for production at the mine to exceed the 80,000 ounces it achieved last quarter, rather than the previous target of 100,000 ounces. Randgold also revised its overall annual production guidance to a range of 740,000 to 760,000 ounces, from the previous range of 750,000 to 790,000 ounces.
