Randgold Resources: Growth Platform Consolidation Continues With First Production From New Tongon Mine
JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 11/09/10 -- A materially improving operational performance from its Loulo complex in Mali lifted Randgold Resources' (NASDAQ: GOLD) (LSE: RRS) third quarter results and the company said this, together with the start of production by its new mine at Tongon in the Côte d'Ivoire, is expected to spur a significant rise in its fourth-quarter gold production.
Q3 results posted today show profit of US$28.2 million, more than doubling that of the corresponding 2009 quarter but down on the previous quarter, which benefited from a US$13 million write-back of auction rate securities. Excluding this write-back, the third quarter profit would have been 20% higher than that for Q2. Profit from mining of US$42.7 million was up 21% on the corresponding 2009 quarter and 4% on the previous quarter.
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RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
Website: www.randgoldresources.com
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive
Dr Mark Bristow
+44 788 071 1386
+44 779 775 2288
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
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