SOURCE: Randgold Resources Ld

August 09, 2012 02:06 ET

Q2 results and update

JERSEY, CHANNEL ISLANDS--(Marketwire - Aug 9, 2012) -


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




RANDGOLD FIRES ON ALL CYLINDERS TO DELIVER ANOTHER ROBUST PERFORMANCE



London, 9 August 2012- Driven by strong contributions from all its
operations, Randgold Resources posted a 41% increase in profit to
USD245.9 million for the six months to June, boosting basic earnings
per share for the half-year by 32% to USD2.25. Profit for the second
quarter of USD141.9 million was up 36% on the previous quarter.



With a record performance from Randgold's flagship Loulo-Gounkoto
complex, production for the quarter increased by 27% to 210 534 ounces
against the previous quarter's 165 443 ounces. Production for the
half-year was also up 16% at 375 977 ounces (six months to June 2011:
324 114 ounces). While total cash cost per ounce of USD723 for the six
months was up 6% year on year, reflecting the higher cost of production
at Tongon in the first six months, total cash costs for the quarter
were USD703/oz, down 6% from the previous quarter, supporting a trend
to lower cash costs on the back of higher grades and increased
production.



Chief executive Mark Bristow said in a solid operational quarter
Randgold had also continued to advance the development of the giant
Kibali gold project in the Democratic Republic of Congo. Construction
of the processing plant and the first hydropower station as well as
open pit mining and underground development were now underway and on
track for first production towards the end of next year. In another
significant development, the Gounkoto mine repaid all its capital in
its first year of production and declared a maiden dividend of USD65.1
million.


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 http://www.rns-pdf.londonstockexchange.com/rns/6226J_1-2012-8-8.pdf 




RANDGOLD RESOURCES ENQUIRIES:

Chief Executive  Financial Director  Investor & Media Relations
Mark Bristow     Graham Shuttleworth Kathy du Plessis
+44 788 071 1386 +44 1534 735 333    +44 20 7557 7738
+44 779 775 2288 +44 779 771 1338    Email:  randgoldresources@dpapr.com 



Website:  www.randgoldresources.com 



                    This information is provided by RNS
          The company news service from the London Stock Exchange

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