SOURCE: Randgold Resources Ld

April 10, 2012 02:09 ET

Randgold welcomes Mali settlement

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

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

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

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.

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Contact Information


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

    Investor & Media Relations
    Kathy du Plessis
    +44 20 7557 7738
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