Randgold Resources Ltd will pay a 50c dividend this year as the company benefits from the full effects of production at the Kibali mine but chief executive Mark Bristow has warned that 2014 will be a "tough one" for the miner. Randgold posted a 2% increase in gold sales for the December quarter as a result of an 8% increase in ounces sold, which was offset by a 5% decrease in the average gold price received ($US1,257/oz compared to $US1,327/oz in the September quarter). The full effect of the falling spot price was laid bare in the year-on-year comparison, however with gold sales down 7% as a result of the 26% decrease in the average gold price received ($US1,705/oz in the December 2012 quarter).
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