ADVISORY, May 11, 2012 (GLOBE NEWSWIRE) --
West and Central Africa focused gold miner Randgold Resources Limited [GOLD] will visit the NASDAQ MarketSite in Times Square. Randgold Resources is a member of the NASDAQ-100 Index.
In honor of the occasion, Dr. D. Mark Bristow Ph.D, CEO will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Monday, May 14, 2012 – 3:45 p.m. to 4:00 p.m. ET
+44 772 1673677
Frank du Plessis
+44 20 7557 7738
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About Randgold Resources Limited [GOLD]:
Randgold Resources is an African focused gold mining and exploration company with listings on the London Stock Exchange (RRS) and Nasdaq (GOLD).
Randgold's far-sighted strategy of growing through discovery and development enables it to deliver value consistently to its stakeholders while building platforms for further expansion. In 2011 the company again significantly increased profit and production. At the same time, it continued the extension of its Loulo complex, moved the Tongon mine (commissioned late in 2010) to steady state production, opened a new mine at Gounkoto and advanced the vast Kibali project to construction stage. Also during this period, its exploration teams pressed on with the hunt for more multi-million ounce gold deposits, feeding a constant stream of potentially profitable opportunities into the company's pipeline and enlarging its footprints in Africa's most prospective gold regions.
Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 5.5 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d'Ivoire and the 3 million ounce Massawa deposit in eastern Senegal. Randgold financed and built the Morila mine which since October 2000 has produced more than 6 million ounces of gold and distributed more than US$2 billion to stakeholders. It also financed and built the Loulo operation which started as two open pit mines in November 2005. Since then, two underground mines have been developed at the Yalea and Gara deposits.
The company's Tongon mine in Côte d'Ivoire poured its first gold in November 2010. Randgold's latest mine, Gounkoto, another deposit south of Loulo in Mali, delivered first ore to the Loulo plant in June 2011.
Randgold is fast-tracking Kibali in the Democratic Republic of Congo, where construction is underway and the first full year of production is planned for 2014. In 2009 the company acquired a 45% interest in the Kibali project, which now stands at 10 million ounces of reserves and is one of the largest undeveloped gold deposits in Africa. Randgold also has a major project at Massawa in Senegal and an extensive portfolio of organic growth prospects, supported by intensive exploration programmes in Burkina Faso, Côte d'Ivoire, DRC, Mali and Senegal.
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