Randgold Resources

Q2 Results and Updates - Seite 2

Bristow said Randgold's intensified focus on exploration was generating positive results, with nine promising projects in four countries at present. In Senegal, the Massawa project has been significantly enhanced by the Sophia deposit which has the potential to add non-refractory ore to Massawa's business plan, lifting it to a level where the project would meet Randgold's development criteria. In the Loulo-Gounkoto district, brownfields and greenfields exploration continues, with strong results from conversion programmes around the main orebodies and greenfields results showing exciting potential to the south of Yalea and along strike from the Gounkoto deposit. At Boundiali in Côte d'Ivoire, the Fonondara structure has been traced over 70 kilometres, with multiple targets confirmed over 30 kilometres of strike. These are currently being prioritised for follow-up work.

"In the 20 years of Randgold's existence, we have made no material changes to our core strategy, but the refinements we introduced when we saw the downturn coming, and the fact that our business models were prudently based on $1 000 per ounce, are enabling us actively to manage the weakening gold price. At the halfway mark we remain on course to achieve our market guidance for 2015," Bristow said.

"We are also very mindful that the increasing stress in the market may create interesting long term opportunities, and we are watching carefully for these."

RANDGOLD ENQUIRIES:

Chief Executive		Financial Director		Investor & Media Relations
Mark Bristow		Graham Shuttleworth		Kathy du Plessis
[phone]		[phone]		[phone]
[phone]		[phone]		Email: [e-mail]

Website: www.randgoldresources.com