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Press release from Marketwire

Randgold Resources Ld: Ivory Coast major opportunity for gold investors

Monday, October 28, 2013

Randgold Resources Ld: Ivory Coast major opportunity for gold investors

03:21 EDT Monday, October 28, 2013

JERSEY, CHANNEL ISLANDS--(Marketwired - October 28, 2013) -

 Randgold Resources Ld (TSX: GOLD) (LSE: RRS) (NASDAQ: GOLD)TSX:GOLDRANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLDCOTE D'IVOIRE PRESENTS MAJOR OPPORTUNITIES FOR GOLD INVESTORSTongon, Cote d'Ivoire, 26 October 2013 - Cote d'Ivoire has thepotential to become one of Sub-Saharan Africa's key explorationdestinations if its government and mining companies join in a long termcommitment to the development of a sustainable mining industry in thecountry, says Randgold Resources chief executive Mark Bristow.At a media briefing here, Bristow said the Cote d'Ivoire was highlyprospective for gold and other metals but underexplored relative tosome of its West African peers. In addition, it had arguably the mostadvanced infrastructure in the region - a key consideration forinvestors - as well as a competent civil service. To exploit theseadvantages, the Ivorian government should ensure that its mining code,currently under review, remains investor-friendly and that it acts as apartner to the mining companies in the creation of long term economicvalue to benefit all stakeholders.Randgold owns and operates Cote d'Ivoire's largest gold mine at Tongonand Bristow said the company's geologists were aggressively exploringits portfolio of 15 permits elsewhere in the country for furthermulti-million ounce gold deposits. Tongon, which went into productionat the end of 2010, has already produced more than 600 000 ounces ofgold and contributed more than US$50 million to the State in the formof royalties and taxes. The mine was commissioned amid the unrest thatfollowed the disputed outcome of the presidential election andinitially suffered from an erratic power supply from the Ivorian gridas well as some plant start-up issues. These were being addressedthrough a number of plant expansion and upgrade projects, Bristow said,and the mine's performance was steadily improving.Click on, or paste the following link into your web browser, to viewthe associated PDF document. ENQUIRIESChief executive Group regional manager Investor & media relationsMark Bristow West Africa Kathy du Plessis+44 788 071 1386 Mahamadou Samake +44 20 7557 7738+223 66 75 01 22 +223 66 75 61 36 +223 20 20 16 94Website: This information is provided by RNS The company news service from the London Stock ExchangeEND


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