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Feb 8 (Reuters) - Gold miner Randgold Resources Ltd RRS.L
said its full-year profit from mining fell by 11 percent, as
gold prices continued their decline.
Gold miners have been struggling as prices XAU= fell for
the third straight year in 2015, hurt by the increasing strength
of the dollar and the first rise in U.S. interest rates in
nearly a decade.
Randgold, which mines gold in Mali, Ivory Coast and the
Democratic Republic of Congo, said profit from mining for the
year ended Dec. 31 fell to $572.2 million, compared with $643.1
million a year earlier.
BMO Capital Markets analyst Andrew Breichmanas said in a
note to clients that the results were "positive," adding that
the company's results were ahead of their expectations.
The company also hiked its total dividend for the year by 10
percent to 66 cents per share.