Comparison of Financial Performance of Two Gold Miners
Essay by Nicolas • March 20, 2012 • Research Paper • 360 Words (2 Pages) • 1,909 Views
This report looks at financial performance and financial health of two gold mining and exploration companies, Randgold Resources Plc ('Randgold') and Petropavlovsk Plc ('Petropavlovsk') over the last three financial years: 2010, 2009 and 2008.
In particular, the report focuses on:
* Profitability
* Solvency and liquidity
* Cash management
* Future prospects
Ratio analysis is employed to help interpret financial information obtained from the respective annual reports and other third party data for each company on its own and in comparison to each other. Limitations of the data and ratios used is considered in each section.
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