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Randgold lowers Côte d’Ivoire output forecast on power cuts

Randgold Resources’ Tongon mine in Côte d’Ivoire will have a slightly lower gold output this year than previously expected mainly owing to an erratic power supply, Chief Executive Mark Bristow told reporters late on Saturday. The mine, one of five operated by the London-listed company in three African countries, is on track to produce 260 000 oz of gold this year, up from 242 948 oz in 2015, Bristow said.