Randgold increases reserves and ups grade

Marketwired

JERSEY, CHANNEL ISLANDS--(Marketwire - Mar 28, 2013) - Randgold Resources (TSX VENTURE: IAE) (LSE: RRS)



TSX-V:IAE

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources", "Randgold" and the "company")


INCREASING RESERVES AND UPPING GRADE, RANDGOLD BUCKS INDUSTRY TREND
AGAIN

London, 28 March 2013 - Randgold Resources increased its attributable
reserves in 2012, despite their depletion from mining in a year that
delivered record production. At the same time, the company continued
to improve its overall reserve grade.

Randgold's annual mineral resource and reserve declaration, published
today as part of its annual report for 2012, shows total attributable
mineral reserve ounces up by 803000 to 16.36 million. In line with
the company's focus on quality over quantity, the group reserve grade
was increased from 3.84 to 3.87g/t, while total attributable resources
were down from 28.25 to 27.21 million ounces.

Randgold's general manager evaluation Rod Quick noted that the grade
improvement had been driven principally by the group's flagship Loulo,
Gounkoto and Kibali deposits."This ability to add quality ounces from
extensions to our known
orebodies and to continue converting ounces from the inferred to the
indicated category shows the value of our strategy of focusing on world
class deposits," he said."It's also worth noting that we haven't used the
higher gold price to
boost our ounces. For the second year running, we have calculated our
reserves at a relatively conservative US$1000/oz of gold while our
resources have been estimated at US$1500/oz."

Click on, or paste the following link into your web browser,
to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/0996B_1-2013-3-28.pdf





This information is provided by RNS
The company news service from the London Stock Exchange

END
Contact:

RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com

View Comments (0)