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Randgold Resources (RRS)

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Thursday 28 November, 2002

Randgold Resources

Morila a top gold producer

Randgold Resources Ld
28 November 2002

For immediate release

For further information call:
(CEO) Mark Bristow  +44 779 775 2288
(CFO) Roger Williams  +44 779 771 9660

                    MORILA NOW ONE OF THE WORLD'S TOP
                              GOLD PRODUCERS


London 28 November 2002 - Production forecasts for the last quarter of this year
indicate that Morila is likely to rank among the world's top 10 gold producers
for 2002.

Morila has just completed its second full year of operation and in that time has
produced more than a million-and-a-half ounces of gold at costs below US$100/oz.
During the record-breaking September quarter it produced 428 421 ounces at a
cash cost of US$28/oz and a total cash cost of US$49/oz - and this bonanza did
not come at the expense of mine life.  The remodelling of value trends based on
infill drilling has led to the definition of additional reserves in an extremely
high-grade area.  Further analysis of geological and grade data indicates that
there is a strong posibility of obtaining additional high-grade bonanzas within
the southwest-to-northeast trending payshoot axis.  Good progress has also been
made in optimising the current life-of-mine plan to ensure that presently
uneconomical ore can be processed at the same time as economic ore.  This will
be achieved by lowering costs through economies of scale.

Issued on behalf of Randgold Resources Limited by du Plessis Associates.
dPA contact Kathy du Plessis on Tel: 27(11) 728 4701,  mobile: (0)83 266 5847 or


Statements made in this release with respect to Randgold Resources' current
plans, estimates, strategies and beliefs and other statements that are not
historical facts are forward-looking statements about the future performance of
Randgold Resources. These statements are based on management's assumptions and
beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them.  The potential risks and uncertainties include, among others, risks
associated with:  fluctuations in the market price of gold, gold production at
Morila, estimates of reserves and mine life and liabilities arising from the
closure of Syama.  Randgold Resources assumes no obligation to update
information in this release.

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