JERSEY, CHANNEL ISLANDS--(Marketwire - Feb 6, 2012) -
RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD RANDGOLD RESOURCES POSTS RECORD PROFIT WHILE ADVANCING TO NEXT GROWTH STAGE London, 6 February 2012 - Powered by increased production at all its operating complexes, Randgold Resources' profit soared by 259% to US$433.4 million for 2011. Profit for the fourth quarter of US$136.2 million was up 323% on the corresponding quarter in 2010 and was also higher than the company's annual profit in any preceding year. The board has proposed a US$0.40annual dividend, up 100% on 2010 on the back of the substantial increase in earnings. Production for the year rose by 58% to 696 023 ounces, reflecting increased contributions from the Loulo complex in Mali (which includes the new Gounkoto mine), Tongon in Cote d'Ivoire and the Morila joint venture, also in Mali. Morila, now a dump treatment operation, passed the 6 million ounce total production mark during the fourth quarter. Group cash operating costs for the year of US$641 per ounce were in line with those of the previous year. Chief executive Mark Bristow said the record results represented a significant achievement, particularly when seen against the background of the major developmental projects and issues the company had to handle during the year. These included the expansion programmes at Loulo and Tongon, the commissioning of Gounkoto and the rapid advance of the giant Kibali project in the Democratic Republic of Congo."Randgold's long-term strategy of building sustainably profitable gold mining businesses through discovery and development continues to pay off," he said. "In 2011 we benefited from our investment in growth in previous years, just as the development work we are doing now will reward our stakeholders in years to come." Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/8031W_1-2012-2-3.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 END
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