Randgold & Exploration expects earnings improvement

Randgold & Exploration Company Limited (JSE:RNG) announced that it expects a notable improvement in its financial results for the year ended December 31, 2024. The company projects a loss and headline loss per share between 15.28 cents and 18.48 cents. This represents an improvement of 52.25% (16.72 cents) to 42.25% (13.52 cents) compared to the 32.00 cents loss per share reported for the previous year. The primary driver for this enhanced performance is attributed to reduced legal expenditure. The company noted that the information in the trading statement has not been reviewed by its external auditors, R&E expects to release its financial results for the year ended 31 December 2024 on or about 28 March 2025.