JOHANNESBURG (miningweekly.com) – JSE-listed Randgold & Exploration (R&E) expects to widen its loss and headline loss a share by more than 60% to between 14.7c and 15.56c apiece for the six months ended June 30.
This compared unfavourably with the loss and headline loss a share of 8.67c during the corresponding period last year.
The drop was attributed to the low level of recoveries, an increase in legal expenses and a decrease in interest received during the half-year under review.
The company’s net asset value decreased from R2.23 a share at December 31, 2016, to R2.08 a share at June 30, 2017.
R&E expects to publish its financial results for the first half of the year by August 10.