Randgold & Exploration Company Limited provided earnings guidance for the six months ended June 30, 2017. The company announced that a reasonable degree of certainty exists that the company expects to report a loss and headline loss per share of between 14.70 cents per share and 15.56 cents per share for the six months ended June 30, 2017 compared to a loss and headline loss per share of 8.67 cents for the six months ended June 30, 2016, being a decrease of between 69.51% and 79.51%. The reason for the decrease in earnings and headline earnings per share in the current reporting period is mainly a result of the low level of recoveries during the current reporting period, an increase in legal expenses and a decrease in interest received. The net asset value decreased with 15 cents per share from ZAR 2.23 at December 31, 2016 to ZAR 2.08 at June 30, 2017.