SOURCE: Randgold Resources

February 03, 2015 06:16 ET

Rangold Resources Limited: The Year of Delivery

JERSEY, CHANNEL ISLANDS--(Marketwired - Feb 3, 2015) - RANGOLD RESOURCES LIMITED (LSE: RRS) (NASDAQ: GOLD)

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

THE YEAR OF DELIVERY

Tongon gold mine, Côte d'Ivoire, 3 February 2015  - Randgold Resources' Tongon gold mine is poised to deliver on its designed capabilities in 2015, chief executive Mark Bristow told a media briefing here today.

Bristow said the mine's management team had spent the past year building a solid foundation for Tongon's future growth by dealing with some serious technical issues such as the replacement of a faulty crushing circuit and generally improving efficiencies while curbing costs.

"Towards the end of last year the recovery programme was producing signs of improvement in key areas such as throughput and recovery. By now the beneficial effects of those improvements are real and the full flotation circuit upgrade is on track for completion by the end of the quarter," he said.

"While ramping up production at Tongon, we'll also continue working with the Ivorian government in their drive to position the country as a preferred destination for new investment in gold exploration and mining. Côte d'Ivoire's new mining code is investor-friendly but it should now be actioned as a matter of urgency. We're still waiting for the approval of our new permits that will enable Randgold and Côte d'Ivoire to start reaping the benefits of all the good work that has been done."

Click on, or paste the following link into your web browser, to view the associated PDF document.
 http://www.rns-pdf.londonstockexchange.com/rns/8904D_1-2015-2-3.pdf

ENQUIRIES:

Chief Executive
Mark Bristow
+44 788 071 1386
+223 66 75 01 22
Group Regional Manager West Africa
Mahamadou Samaké
+223 66 75 61 36
+223 20 20 16 94
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
randgold@dpapr.com

Website: www.randgoldresources.com

Contact Information