UPDATE 1-Randgold Resources says Q3 profit jumps helped by lower costs
(Updates with production, Barrick vote)
LONDON, Nov 6 (Reuters) - Randgold Resources said onTuesday third-quarter profit rose 25 percent on the previousquarter helped by lower costs a day before its shareholders voteon a $6.1 billion tie-up with Barrick Gold.
The London-listed miner said profit for the period reached$73.2 million while cash costs fell 18 percent versus theprevious quarter to $181.6 million.
Gold production slipped 1.5 percent to 308,628 ouncescompared to the previous quarter as an eight-week labour strikeat the Tongon mine was offset by higher output at its othermines.
The strike and improved cost controls at the Loulo-Gounkotocomplex in Mali and Kibali mine in the Democratic Republic ofCongo helped lower costs.
Long-time CEO Mark Bristow, who will take the helm at thenew Barrick Gold, said the merger "would be focused onleveraging the combined strengths of Barrick and Randgold tobecome the leading gold investment vehicle and deliver long-termvalue to all stakeholders."
Barrick shareholders voted in favour of the tie-up on Mondaywith Randgold shareholders expected to cast votes on Wednesday. (Reporting by Zandi Shabalala; editing by Jason Neely)
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