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Press release from Marketwire

Randgold Resources Announces Q4 results & updates

Monday, February 04, 2013

Randgold Resources Announces Q4 results & updates02:05 EST Monday, February 04, 2013JERSEY, CHANNEL ISLANDS--(Marketwire - February 03, 2013) -TSX-V:IAERANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLDOVERCOMING EXTRAORDINARY CHALLENGES, RANDGOLD DELIVERS RECORD 2012RESULTSCape Town, 4 February 2013 - Randgold Resources achieved recordproduction and profit levels in 2012 while dealing with a range ofchallenges associated with the expansion of its flagship Loulo-Gounkotocomplex in Mali, the fast-track development of the giant Kibali projectin the Democratic Republic of Congo, operational problems at the Tongonmine in Cote d'Ivoire and the general turmoil in Mali.Results for the fourth quarter and the full year, published today, showprofit for the year up 16% at US$511 million and production up 14% at794 844 ounces of gold. Quarter on quarter, profit increased by 18%and production by 5%. Cash and gold on hand at the year end amountedto US$403 million despite capital expenditure of US$563 million, mainlyon the Kibali project. The board has proposed a 25% increase in theannual dividend to 50 US cents for shareholder approval at the annualgeneral meeting.Loulo exceeded its production target for the year, delivering503 224 ounces on the back of the accelerated development of its Yaleaand Gara underground mines and a ramp-up in plant throughput followingthe successful commissioning of a third mill. The Morila joint venturealso beat its forecast with annual production of 202 513 ounces. A pitpushback project has been approved subject to certain conditions, withmining due to start in Q2 this year. This is expected to extend thelife of the operation.Tongon's production slipped from 250 390 ounces in 2011 to210 615 ounces, mainly as a result of frequent outages in the gridpower supply, which caused disruptive plant stoppages and processupsets as well as lower than planned recoveries. This situation wasexacerbated by a fire in the milling circuits. The plant was restoredto full production by the end of January and the power and recoveryproblems are being addressed.Click on, or paste the following link into your web browser, to viewthe associated PDF document.http://www.rns-pdf.londonstockexchange.com/rns/9872W_1-2013-2-1.pdf This information is provided by RNS The company news service from the London Stock ExchangeENDFOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: RNSCustomerServices0044-207797-4400rns@londonstockexchange.comhttp://www.rns.com