Strongly placed for further growth JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 03/28/13 -- Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD) TSX-V:IAE RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources", "Randgold", the "company and the "group") STRONGLY PLACED FOR FURTHER GROWTH, RANDGOLD EYES FRESH PROSPECTS London, 28 March 2013 - After a year in which it drove production and profit to record heights, Randgold Resources is rapidly advancing its further growth projects and examining new joint-venture opportunities generated by stress in the gold mining industry's junior sector, says chief executive Mark Bristow. Writing in Randgold's 2012 annual report, published today, Bristow says the company's top priority is to deliver on its promise to pour first gold at the giant Kibali project in the Democratic Republic of Congo before the end of 2013. Other focus areas include ramping up production at Randgold's flagship Loulo-Gounkoto complex in Mali and completing a feasibility study on a new underground mine at Gounkoto. Despite capital expenditure of US$562.3 million last year, mainly on Kibali, Randgold's cash and gold on hand at the end of 2012 totalled US$403 million, which means the company is well placed to fund its future growth, Bristow says."Our exploration teams are hunting for additional resources for our mines as well as fresh targets that will produce our next big discovery. Throughout the group, we will sustain a strong emphasis on growing production and containing costs, and our overall objective remains the creation and delivery of value to all our stakeholders," he says."At the corporate level, we are looking at joint venture opportunities generated by the current state of the industry. We also intend to continue to work with the governments of our host countries, guided by our partnership philosophy, to head off short- sighted changes to their mining codes." Also in the report, chairman Philippe Lietard notes that the partnership philosophy is an integral part of everything Randgold does. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/0992B_1-2013-3-28.pdf This information is provided by RNS The company news service from the London Stock Exchange END Contacts: RNS Customer Services 0044-207797-4400 firstname.lastname@example.org http://www.rns.com
Strongly placed for further growth
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