Randgold 'in reasonable shape' after 62% drop in profits

Randgold has reported a 62% drop in profits for the second quarter to $54.1 million.

Gold has fallen more than 30% since its all time historic high in 2011.

In the first six months of this year, the price plunged 22% - the worst fall since modern trading began in the early 1970s.

Randgold chief executive Mark Bristow told BBC World News that his company could cope with drops in the price of gold.