SOURCE: Randgold Resources

December 03, 2014 06:00 ET

Randgold Resources: Treat All Stakeholders as Equals

JERSEY, CHANNEL ISLANDS--(Marketwired - Dec 3, 2014) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

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

TREAT ALL STAKEHOLDERS AS EQUALS, SAYS RANDGOLD CEO

London, 3 December 2014 - Gold mining companies should not prefer one stakeholder class over another but should ensure that all benefit equitably from their activities, Randgold Resources chief executive Mark Bristow said here today.

Speaking at the Mines and Money conference in London earlier today, Bristow said in the emerging regions where the gold mining industry's operations were now largely located, the host country was a particularly important player and should be embraced not only as a stakeholder but as a partner.

"Mining anywhere, but particularly in emerging regions, exploits a country's national assets and so it's important that the host country and its people benefit from this," he said.

"Arguably, a mining company's primary responsibility is to its host country, although of course shareholders are also critically important because without investment there would be no mining projects. Mining companies and their host governments should be aligned in the drive to attract such investment and to ensure that all shareholders benefit."

Bristow said gold mining companies could only satisfy the expectations of shareholders as well as other stakeholders through sustainable profitability.

"To achieve sustainable profitability, a gold mining company has to get a lot of tricky variables into equilibrium within the framework of a coherent strategy. In other words, it needs a long-term vision, not merely an urge to exploit a passing market trend. In a cyclical sector, it makes no sense to run a business that relies solely on a rising gold price to be able to deliver value," he said.

RANDGOLD ENQUIRIES:

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

Website: www.randgoldresources.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited ('Randgold') and there is no assurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Randgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related to international operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, as well as those factors discussed in Randgold's filings with the US Securities and Exchange Commission (the 'SEC'). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance with applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this report, such as 'resources', that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserves which qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.

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