Q4 results and updates

JERSEY, CHANNEL ISLANDS--(Marketwire - Feb 4, 2013) -

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

OVERCOMING EXTRAORDINARY CHALLENGES, RANDGOLD DELIVERS RECORD 2012
RESULTS

Cape Town, 4 February 2013 - Randgold Resources achieved record
production and profit levels in 2012 while dealing with a range of
challenges associated with the expansion of its flagship Loulo-Gounkoto
complex in Mali, the fast-track development of the giant Kibali project
in the Democratic Republic of Congo, operational problems at the Tongon
mine in Cote d'Ivoire and the general turmoil in Mali.

Results for the fourth quarter and the full year, published today, show
profit for the year up 16% at US$511 million and production up 14% at
794 844 ounces of gold. Quarter on quarter, profit increased by 18%
and production by 5%. Cash and gold on hand at the year end amounted
to US$403 million despite capital expenditure of US$563 million, mainly
on the Kibali project. The board has proposed a 25% increase in the
annual dividend to 50 US cents for shareholder approval at the annual
general meeting.

Loulo exceeded its production target for the year, delivering
503 224 ounces on the back of the accelerated development of its Yalea
and Gara underground mines and a ramp-up in plant throughput following
the successful commissioning of a third mill. The Morila joint venture
also beat its forecast with annual production of 202 513 ounces. A pit
pushback project has been approved subject to certain conditions, with
mining due to start in Q2 this year. This is expected to extend the
life of the operation.

Tongon's production slipped from 250 390 ounces in 2011 to
210 615 ounces, mainly as a result of frequent outages in the grid
power supply, which caused disruptive plant stoppages and process
upsets as well as lower than planned recoveries. This situation was
exacerbated by a fire in the milling circuits. The plant was restored
to full production by the end of January and the power and recovery
problems are being addressed.

Kibali's two ball mills were installed on their foundations ahead of
schedule in January this year and open pit mining has produced the
first ore for the feed stockpiles. Development has started on both
underground declines and the parallel development of the vertical shaft
is also underway. The resettlement programme has been accelerated and
all the villages in the critical area of the mine site have now been
moved. With the construction, mining and social programmes all
progressing well, the project remains on track to deliver first gold in
the fourth quarter of this year. In the meantime, Randgold has
expanded its footprint in the DRC through a joint venture with Kilo
Goldmines which gives it access to a further 2 000km2 of prospective
greenstone belt in the Congo Craton."It's been a particularly eventful year
but the team once again rose to the challenges. Not only did we achieve
very creditable results for 2012 but we start 2013 in good shape and with a
renewed focus on growing our production and managing our costs," said chief
executive Mark Bristow."Our chief objectives for this year are to pour
first gold on schedule at Kibali, get Tongon back on target, maintain the
strong performance at Loulo-Gounkoto and Morila, and continue to deliver
profitable growth. Beyond that, our sights are still set on reaching our
annual production target of plus 1.2 million ounces of gold by 2015."

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 

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