Progressive Dividend Maintained as Randgold Builds Cash for Future Growth
JERSEY, CHANNEL ISLANDS--(Marketwired - Mar 31, 2016) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD)
Randgold Resources Ltd.
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
PROGRESSIVE DIVIDEND MAINTAINED AS RANDGOLD BUILDS CASH FOR FUTURE GROWTH
London, 31 March 2016 - In its annual report for 2015, published today, Randgold Resources reaffirmed its intention to continue to pay a progressive ordinary dividend that will increase or at least be maintained annually. The board has proposed a 10% increase in the 2015 dividend to $0.66 per share for approval at its annual general meeting on 3 May 2016.
Commenting on this statement, financial director Graham Shuttleworth said that at a time when the gold mining industry was focused on survival, Randgold was able to maintain its dividend policy on the back of last year's strong performance. He confirmed that the company still intended to build its net cash position to approximately $500 million to provide financing flexibility for future new mine developments and other growth opportunities.
RANDGOLD ENQUIRIES:
| Chief Executive | Financial Director | Investor & Media Relations | ||
| Mark Bristow | Graham Shuttleworth | Kathy du Plessis | ||
| +44 788 071 1386 | +44 1534 735 333 | +44 20 7557 7738 | ||
| +44 779 775 2288 | +44 779 771 1338 | Email: randgold@dpapr.com |
Website: www.randgoldresources.com
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