SOURCE: Randgold Resources Ld

April 10, 2012 02:06 ET

Randgold welcomes Mali settlement

JERSEY, CHANNEL ISLANDS--(Marketwire - Apr 10, 2012) -


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

RANDGOLD WELCOMES MALI SETTLEMENT
Production guidance maintained

Randgold Resources today welcomed the
announcement of a political settlement brokered in Mali by its West
African neighbours and said the disruptions which followed last month's
military coup had not materially affected its gold production in that
country.

Over the weekend the military junta announced that it had agreed to
reinstate the constitution, in terms of which the president of the
national assembly will act as head of state and oversee the appointment
of an interim prime minister to manage the country's return to
democratic rule. As part of the settlement agreement, president Amadou
Toumani Toure has formally resigned as head of state. The appointment
of the interim prime minister will be by consensus and involve civil
society and political parties. In return, Mali's ECOWAS neighbours
have lifted the sanctions they had imposed and committed to actively
support the restoration of stability in Mali.

Randgold chief executive Mark Bristow said the announced resolution of
the political crisis had strengthened the company's confidence in the
political maturity of the West African region and its ability to settle
conflict situations without external involvement. Randgold owns and
operates the Loulo/Gounkoto mine complex in Mali and also operates
Morila, a joint venture with AngloGold Ashanti."During this period these
operations continued to operate without any
material disruption and the fact that they still have sufficient
supplies of fuel and other consumables on hand is a tribute to our
partnership and in-country management philosophy. Our production
guidance for 2012 remains unchanged, although we have not completed our
assessment of the impact this situation has had on costs. We will
monitor the implementation of the political settlement by the relevant
parties, and give the market a full update when we report our first
quarter results on 3 May," he said.


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 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 the section entitled 'Risk Factors' in Randgold's annual
report on Form 20-F for the year ended 31 December 2011 which was filed
with the US Securities and Exchange Commission (the 'SEC') on 30 March
2012. 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 release, 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.

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

END

Contact Information

  • RANDGOLD RESOURCES ENQUIRIES:

    Chief Executive
    Mark Bristow
    +44 788 071 1386 / +223 66 75 01 22


    Investor & Media Relations
    Kathy du Plessis
    +44 20 7557 7738
    Email Contact
    Website: www.randgoldresources.com