Randgold Resources - Q4 results and update JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 02/03/14 -- Randgold Resources (LSE: RRS) (NASDAQ: GOLD) *T TSX-GOLD RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD RANDGOLD HITS TARGETS FOR 2013, POISED FOR ANOTHER BIG PRODUCTION STEP-UP IN 2014 Cape Town, 3 February 2014 - Randgold Resources boosted gold production to a new record level and reduced total cash cost per ounce in 2013 while lining up its operations to exceed the million-ounce mark for the first time this year. Releasing its results for the quarter and year to December today, the company reported production of 910373 ounces for 2013, up 15% on the previous year, and forecast a continued rise in output over the next five years, with production in 2014 expected to increase by between 25% and 30% on the back of increasing grades at the Loulo-Gounkoto complex, improving recoveries and throughput at Tongon and the recently commissioned Kibali's first full-year contribution. Total cash cost per ounce for the quarter was US$628, down 5% on the previous quarter, and US$715 for the year, down 3% on 2012. On the back of the higher production, gold sales of US$1.27billion for the year were almost in line with the previous year, but a drop of 17% in the average gold price received reduced profit from 2012's US$510.8million to US$325.7million. The board nevertheless recommended an unchanged dividend of 50UScents for shareholders' approval. Randgold's cash balance improved quarter on quarter and it ended the year with no net debt. Chief executive Mark Bristow said 2013 was one of Randgold's best years, as it made substantial advances on all fronts in the face of multiple challenges. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/0924Z_1-2014-2-3.pdf This information is provided by RNS The company news service from the London Stock Exchange END Contacts: RNS Customer Services 0044-207797-4400 email@example.com http://www.rns.com
Randgold Resources - Q4 results and update
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