Randgold & Exploration reports narrowed losses, declining shareholder value

Randgold & Exploration Company Limited announced a decrease in its operating loss by 24.26% to R8.3 million for the six months ended June 30, 2025, down from R10.9 million in the prior corresponding period. This indicates an improvement in operational efficiency.

However, headline loss per share and loss per share (EPS) both decreased by 24.09% to 8.80 cents per share, from 11.60 cents per share previously. Net asset value per share (NAVPS) also saw a decline, decreasing by 18.87% to 64.24 cents per share from 79.19 cents per share in the prior corresponding period, suggesting a reduction in per-share intrinsic value for shareholders.

The company emphasized that this short-form announcement is a summary, and investors should consider the full announcement for comprehensive details. The results for this period have not been reviewed or audited by the company's auditor.