SOURCE: Randgold Resources Ld

January 20, 2014 11:43 ET

Kibali meets its goals and more

JERSEY, CHANNEL ISLANDS--(Marketwired - Jan 20, 2014) -

TSX: GOLD; LSE: RRS

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD


KIBALI MEETS ITS GOALS AND MORE


Kinshasa, DRC, 20 January 2014 - The Kibali gold mine, which last
month completed its first quarter of operation, has more than met the
objectives set for it at the time of its acquisition in September 2009,
Randgold Resources chief executive Mark Bristow said at a media
briefing here today. Randgold is developing and operating the project,
in which it has a 45% shareholding.

Randgold's clear goals from the start, Bristow noted, were to define
the orebody's full potential, redesign the existing feasibility study,
create a supply line from Doko to the Ugandan border, secure the
project area in partnership with the central and provincial
governments, resettle more than 4000 families from 14villages in a
new model town, and start production in 2015."There were few people 
outside the Randgold management team and the DRC
who believed that we could achieve this. But in short order we
produced a blueprint for a much larger operation than originally
envisaged, among other things increasing mineral reserves to 11 million
ounces of gold, accelerating the construction programme and bringing
first gold production forward to December 2013," Bristow said."The 
enormous resettlement programme was completed successfully,
construction went according to plan, the infrastructure was upgraded,
open pit mining started, and with the oxide circuit of the
metallurgical plant commissioned ahead of schedule, Kibali poured its
first gold on 24 September 2013, with gold sales commencing the
following month. This would not have been possible without the support
and cooperation of the Congolese authorities and the local community."


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