Randgold Resources Limited: Winning team drives flagship's performance

Randgold Resources Limited: Winning team drives flagship's performance 
JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 01/29/14 --  Randgold
Resources Limited (LSE: RRS) (NASDAQ: GOLD)*T 
TSX: GOLD; LSE: RRS 
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD 
WINNING TEAM DRIVES RANDGOLD FLAGSHIP'S PERFORMANCE TO NEW HEIGHTS 
Loulo, Mali, 29 January 2014 - A strong management team, consisting
almost entirely of Malian nationals, is driving continuing performance
improvements at Randgold Resources' Loulo-Gounkoto gold mining complex,
chief executive Mark Bristow said today. 
Speaking at a briefing for international investors and local media,
ahead of Randgold's year-end board meeting which will be held at the
complex, Bristow said the team was delivering on all its operational
objectives, on the back of higher grades and a range of efficiency
enhancement projects which were improving throughput and recoveries. 
He said the complex was likely to beat its revised production target
for 2013 and confirmed that the guidance for 2014 would remain at 640
000 ounces. "We expect gold production to keep rising while costs
should start coming down. This trend should be accelerated by other
new projects, including the paste backfill plant which, when completed,
will unlock substantial mineable reserves underground and cut capital
costs by reducing the required development rate," he said. 
The complex comprises three world-class orebodies and ranks as one of
the largest of its kind in Africa. Its three mines - two underground
and one open pit and a plant which processes 4.4 million tonnes of ore
per year, are managed by a combined Loulo-Gounkoto team. Samba Toure,
the general manager for Randgold's West African operations, said the
proven effectiveness of this team was a tribute to Randgold's policy of
employing and developing host country nationals at all levels of the
business. 
Paul Harbidge, Randgold's group exploration executive, said while
Loulo-Gounkoto was still expanding its gold production, the company's
exploration teams were continuing to hunt for additional ounces around
the existing orebodies as well as further world-class deposits. "We
believe this region has a high potential for the discovery of more
multi-million ounce gold deposits. A study into the feasibility of
accessing the orebody underneath the Gounkoto pit is also well
advanced," he said. 
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