Randgold Resources Ld
05 July 2006
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
RANDGOLD RESOURCES INCLUDED IN NEW NASDAQ GLOBAL SELECT MARKET
Jersey, Channel Islands, 5 July 2006 (LSE:RRS)(Nasdaq:GOLD) - Randgold
Resources has been included in the premier listing tier launched by Nasdaq this
Known as the Nasdaq Global Select Market, the new tier will, according to
Nasdaq, have the highest initial financial and liquidity standards of any market
in the world. It heads a three-tier system and is followed by the Nasdaq Global
Market and the Nasdaq Capital Market. Nasdaq plans to introduce indices based
on these new tiers.
Randgold Resources has been listed on Nasdaq since 2002. Its primary listing is
on the London Stock Exchange, where it is included in the FTSE 250 and the FTSE
Gold Mines Index.
'Randgold Resources aspires to the highest market standards and we're gratified
by Nasdaq's recognition of this,' chief executive Dr Mark Bristow said. 'We
already have a substantial following in North America and inclusion in the
Nasdaq Global Select Market will raise our visibility and no doubt stimulate
investor interest there further.'
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
+27 82 800 4293 +27 83 308 9989 Fax: +27 11 728 2547
+223 675 0122 +223 675 0109 Cell: +27 83 266 5847
BACKGROUND ON THE COMPANY: Randgold Resources is an African focused gold mining
and exploration business incorporated in the Channel Islands in 1995 and listed
on the London Stock Exchange in 1997 and on Nasdaq in 2002. Its discoveries to
date include the 7.5 million ounce Morila deposit in southern Mali, the +6
million ounce Yalea deposit at Loulo in western Mali and the 3 million ounce
Tongon deposit in the Cote d'Ivoire.
The company financed and developed the Morila mine which was brought into
production in October 2000 and since then has produced 3.9 million ounces of
gold. It also financed and developed the Loulo mine, which was officially
opened in November 2005. Loulo's gold production is planned to exceed 250 000
ounces per year over six years from an open-pit operation, but the development
of an underground operation, scheduled to start in 2006, will significantly
enhance the value and extend the life of this mine.
The Tongon project in Cote d'Ivoire continues to meet the company's hurdle rates
for further investment. Subject to continued progress being made towards
political resolution, the company has initiated a phased return to final
Randgold Resources' focus is on the creation of value through the discovery and
development of world class gold projects. This is supported by exploration
projects in all the major gold regions of Mali, Senegal, Burkina Faso, Cote
d'Ivoire, Ghana and Tanzania as well as its generative team's ongoing search for
new opportunities to replenish its portfolio of prospective targets.
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 2005 annual report notes that the financial statements do not reflect
any provisions or other adjustments that might arise from the claims and legal
process initiated by Loulo against MDM and a purported counterclaim by MDM.
Other potential risks and uncertainties include 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 other risk factors refer to the annual report on Form 20-F
for the year ended 31 December 2004 which was filed in amended form with the
United States Securities and Exchange Commission (the 'SEC') on 27 October 2005.
Randgold Resources assumes 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