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Randgold Resources (RRS)

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Friday 05 August, 2005

Randgold Resources

10th year, more profits

Randgold Resources Ld
05 August 2005


Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD


London, 5 August 2005 -  London and Nasdaq listed gold miner Randgold Resources
today marked the tenth anniversary of its incorporation in 1995 after yesterday
reporting a US$35 million profit from mining for the six months to June  -  a
208% increase over the first half of 2004.

Speaking ahead of a commemorative banquet at The Savoy, chairman Philippe
Lietard noted that the company had been built from a zero base to a market
capitalisation of just under US$1 billion over this relatively short period,
much of which had coincided with a severe slump in the gold market.

Randgold discovered the world-class Morila deposit in Mali and developed it into
a mine which has produced some 3 million ounces of gold since it started
production in October 2000.  It is currently developing its second mine  -
Loulo, also in Mali  -  which is scheduled to go into production later this
month.  The company yesterday announced that it had also decided to proceed with
the development of an underground mine at Loulo to complement and extend the
open-cast operation now being commissioned.

The company holds a total land package of more than 11 500 km(2) containing 141
targets in six African countries.  Its interests also include the Tongon project
in Cote d'Ivoire which is at pre-feasibility stage.

'Ten years ago Randgold Resources was designed to offer the market a distinct
alternative to conventional gold mining businesses through the creation of real
value through discovery and development.  Since then, it has established a
unique track record of delivering on its promises.  The market has recognised
this consistent achievement by according it a leadership position among the gold
industry's mid-cap companies,' Lietard said.


Chief Executive - Dr Mark Bristow +44 779 775 2288

Financial Director - Roger Williams +44 791 709 8939

Investor & Media Relations - Kathy du Plessis +27 11 728 4701, Cell: +27 (0) 83
266 5847,  Email:


DISCLAIMER: Statements made in this document 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, the development of Loulo and estimates of resources, reserves and mine
life.  For a discussion on such risk factors refer to the annual report on Form
20-F for the year ended 31 December 2004 which was filed with the United States
securities and exchange commission (The 'SEC') on 29 June 2005.  Randgold
Resources sees no obligation to update information in this release.  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