Randgold (Nasdaq:GOLD) Boosted by Higher Production

Any gold miner that can generate revenue and earnings above and beyond only the soaring price of gold should outperform their peers, and that happened last quarter for Randgold Resources (Nasdaq:GOLD), as production surged in the third quarter for them, driving earnings higher.

Randgold increased earnings to $28.2 million for the quarter, over twice the earnings produced in the same quarter last year.

Production for the quarter came to 101,468 ounces, said Randgold.

Gold has rebounded in the second half of the trading day, and Randgold has moved up with gold prices today, trading at $100 even, increasing $3.38, or 3.50 percent.