Randgold Resources: Q2 Results and Updates

JERSEY, CHANNEL ISLANDS--(Marketwired - Aug 6, 2015) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

NASDAQ: GOLD

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

PROFIT AND PRODUCTION UP, COST DOWN IN ANOTHER RECORD QUARTER FOR RANDGOLD

London, Thursday 6 August 2015  -  A solid all-round performance from its operations, with improvements in grade, throughput and recovery, powered Randgold Resources to a new gold production record in the quarter ended June, and lifted profit in the face of a declining gold price.

Group production rose 7% on the previous quarter to top the 300 000 ounce mark for the first time, while overall total cash costs of $684/oz showed a 3% improvement. Gold sales revenue of $354.8 million (Q1: $344.6 million) would have been higher by $11.7 million if gold doré on hand at the quarter end had been sold. Profit of $59.2 million was up 15% on the prior quarter.

Chief executive Mark Bristow said the results showed a business that stood strong in a sector that was buckling under the pressure of the gold price downturn. It was particularly significant, he said, that in an environment of radical cost-cutting, Randgold was able to continue investing in its capital projects while also strengthening its balance sheet. At the end of the quarter, the company had cash of $109.2 million and no debt on its books.

RANDGOLD ENQUIRIES:

Website: www.randgoldresources.com

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