Annual Resource and Reserve Declaration
31.03.2011 | Marketwire
JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 03/31/11 --
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
SUSTAINED FOCUS ON ORGANIC GROWTH DELIVERS RISE IN RESERVES AND
RESOURCES FOR EIGHTH CONSECUTIVE YEAR
London, 31 March 2011 - Randgold Resources Limited (Randgold) today
reported a 5% increase in its attributable mineral resources and
reserves for the year to December 2010, after mining depletion and
adjustments based on ongoing exploration and evaluation programmes.
This was the eighth successive annual increase in the company's
attributable resources and reserves and chief executive Mark Bristow
said that this escalation had again underlined the effectiveness of
Randgold's key strategy of achieving organic growth through exploration
success and creating value through the development of profitable mining
projects. He cited the recent discovery of Gounkoto and the continued
expansion of mineral reserves at its Kibali joint venture project as
major contributors to the increased size and enhanced quality of the
Randgold asset base.
Randgold's annual mineral resource and reserve declaration, published
as part of its 2010 annual report today, shows that at the attributable
level, measured and indicated mineral resources rose from 20.64 million
ounces to 21.77 million ounces over the year, while inferred mineral
resources increased from 6.69 to 7.00 million ounces. This is mainly
due to the delineation of new mineral resources at Gounkoto and
Massawa. Attributable proven and probable mineral reserves grew from
15.56 million ounces to 16.39 million ounces without reducing the
overall mineral reserve grade year on year. This was largely due to
the ongoing conversion of mineral resources to reserves at Gounkoto,
Kibali and Massawa.
Click on, or paste the following link into your web browser, to view
the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9658D_1-2011-3-30.pdf
RANDGOLD ENQUIRIES:
Chief Financial GM Evaluation & Investor & Media Relations
Executive Director Environment Kathy du Plessis
Dr Mark Graham Rod Quick 44 20 7557 7738
Bristow Shuttleworth 22366747257 randgoldresources@dpapr.com
447880711386 441534735333
447797752288 447796144438
Website: www.randgoldresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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