Randgold Resources Ld
28 September 2005
Randgold Resources Limited
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
RANDGOLD RESOURCES POURS FIRST GOLD AT NEW LOULO MINE
Bamako, Mali, 28 September 2005 (LSE:RRS)(Nasdaq:GOLD) - London and Nasdaq
listed gold miner Randgold Resources today announced that it had poured the
first gold at its new Loulo mine in Mali, signalling the start-up of production.
Chief executive Dr Mark Bristow said the mine was expected to build up to design
levels of commercial production in October, with its first commercial shipment
of bullion due in November. This will initiate a five-year tax holiday for the
mine as prescribed by Mali's mining code.
'The first gold pour is an event of great symbolic significance in the
development of a new mine. In the case of Loulo, it crowns a considerable
achievement by the Randgold Resources team, which fast-tracked this project in
the face of substantial logistical odds while at the same time driving ahead our
exploration programmes,' Bristow said.
Loulo is the second world-class gold mine discovered and developed by Randgold
Resources within five years. The other, Morila, has produced almost 3.5 million
ounces of gold since it was commissioned in October 2000.
Randgold Resources is an international gold mining and exploration business
focused on Africa. Its mission is to discover, develop and manage gold
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Dr Mark Bristow Roger Williams Kathy du Plessis
+44 779 775 2288 +44 791 709 8939 +27 11 728 4701
Cell: +27 (0) 83 266 5847
Website : www.randgoldresources.com
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 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 on 29 June 2005, as subsequently amended. Randgold
Resources sees no obligation to update information in this release.
This information is provided by RNS
The company news service from the London Stock Exchange