JERSEY, CHANNEL ISLANDS--(Marketwire - May 6, 2010) - Randgold Resources (
In a tough operational quarter, the company also made significant progress with the key issues related to the development of the Kibali project in the Democratic Republic of the Congo and continued to advance the feasibility studies on the Gounkoto project in Mali and the Massawa project in Senegal.
During the past quarter, the previous quarter's record throughput at Loulo took its toll on the plant in terms of a rise in wear rates and a consequent increase in downtime. This, together with plant breakdowns at Morila, had a negative impact on throughput and therefore on gold production, unit costs and net profit for the quarter. Attributable production of 112 663 ounces and profit of US$23.9 million, while down on the previous quarter's record results, were nevertheless significantly up on the corresponding quarter in 2009.
Chief executive Mark Bristow said that in spite of the time spent on remedial measures at Loulo, the company had continued to make solid progress on all its strategic objectives during the period.
Website: www.randgoldresources.com
Click on, or paste the following link into your web browser, to view the full associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/4109L_1-2010-5-5.pdf
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
Contact Information:
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive
Dr Mark Bristow
+44 788 071 1386
+44 779 775 2288
Financial Director
Graham Shuttleworth
+44 779 614 4438
+44 1534 735 333
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: Email Contact