SOURCE: Randgold Resources Ld

October 26, 2014 20:28 ET

Tongon action plan to deliver performance upturn

JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 26, 2014) - Randgold 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


ACTION PLAN ON TRACK TO DELIVER PERFORMANCE UPTURN AT TONGON


Abidjan, Cote d'Ivoire, Saturday 25 October 2014 -The remedial
measures implemented to overcome the technical problems that have
impacted Tongon are starting to produce the desired results with the
mine's performance improving, says Randgold Resources chief executive
Mark Bristow.

Speaking at a briefing for local media here today, Bristow said mill
throughput and the recovery rate, the main challenges faced by the
mine, were both being turned around by a determined effort on the part
of the Tongon management team. Their action plan also includes the
replacement of the faulty crushers, which has now been completed with
the new crushers currently being integrated into the larger circuit,
and the expansion of the flotation circuit, which will start when the
necessary equipment arrives on site next month."By early next year Tongon
should have achieved its targeted
performance levels, but the improvement is already evident, and despite
the setbacks and challenges the management team has had to contend
with, the mine should come within 10% of its production guidance of
260000 ounces for 2014, with costs well contained," Bristow said.

In the meantime, he said, infill drilling in the mine's south pit had
confirmed the potential for increasing the resource and the mineable
reserve to replace ounces depleted during the year. More details of
this will be provided with the group's third quarter results next
month.

Elsewhere in Cote d'Ivoire, Randgold has acquired two new permits while
more are pending. Thanks to the confidence inspired by the country's
new mining code, Bristow said, Randgold was stepping up its investment
in exploration there. It was also rolling out its sustainability
programmes in line with the code.

RANDGOLD ENQUIRIES:

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

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