Randgold Resources Ld Randgold sees growth opportunities (7487I)
30 March 2015 - 5:00PM
UK Regulatory
TIDMRRS
RNS Number : 7487I
Randgold Resources Ld
30 March 2015
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
RANDGOLD SEES GROWTH OPPORTUNITIES IN STRESSED MINING SECTOR
London, 30 March 2015 - Randgold Resources is looking at the
growth opportunities being generated by the current squeeze on the
gold mining industry, chief executive Mark Bristow says in the
company's 2014 annual report, published today.
Bristow notes that Randgold has solid operations with strong
cash flows, a robust balance sheet with no debt and substantial
cash, and a share price which for years has consistently
outperformed the market. Its five year forecast shows a growing
production profile and a reduction in costs.
"Organic growth will remain our core driver but, as we look
ahead from this position of strength, we will consider
opportunities that are often generated by stressed markets and may
well elect to play a part in the likely restructuring of the gold
mining industry," he says.
Also in the report, chairman Christopher Coleman says the
industry's overall operating environment was more complex than at
any time since the Nineties. "The board and management continue to
look closely at all the realistically conceivable scenarios for the
next five years, identifying the opportunities and obstacles that
lie ahead, and incorporating them in our planning," he says.
The 2014 annual report and accounts has been posted to
shareholders and is available for viewing and/or downloading from
Randgold's website at www.randgoldresources.com. A copy of the 2014
annual report and accounts has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do. A copy of the 2014 annual report and
accounts will also be submitted to Randgold's annual general
meeting to be held on at 10.30 am on Tuesday 5 May 2015.
Once Randgold has filed its annual report on Form 20-F for the
12 months ended 31 December 2014 with the US Securities and
Exchange Commission, which is expected to occur on Monday 30 March
2015, that report will also be available for viewing and/or
downloading from Randgold's website and at www.sec.gov.
RANDGOLD ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Mark Bristow Graham Shuttleworth Kathy du Plessis
+44 788 071 1386 +44 1534 735 333 +44 20 7557 7738
+44 779 775 2288 +44 779 771 1338 Email: randgold@dpapr.com
Website: www.randgoldresources.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for
the historical information contained herein, the matters discussed
in this news release are forward looking statements within the
meaning of Section 27A of the US Securities Act of 1933 and Section
21E of the US Securities Exchange Act of 1934, and applicable
Canadian securities legislation. Forward-looking statements
include, but are not limited to, statements with respect to the
future price of gold, the estimation of mineral reserves and
resources, the realisation of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
reserve determination and reserve conversion rates. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as 'will', 'plans', 'expects' or
'does not expect', 'is expected', 'budget', 'scheduled',
'estimates', 'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases
or state that certain actions, events or results 'may', 'could',
'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Assumptions upon which such forward-looking statements are based
are in turn based on factors and events that are not within the
control of Randgold Resources Limited ('Randgold') and there is no
assurance they will prove to be correct. Forward-looking statements
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Randgold to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: risks related to mining operations,
including political risks and instability and risks related to
international operations, actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, as well as those
factors discussed in Randgold's filings with the US Securities and
Exchange Commission (the 'SEC'). Although Randgold has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Randgold does not undertake
to update any forward-looking statements herein, except in
accordance with applicable securities laws. CAUTIONARY NOTE TO US
INVESTORS: The SEC permits companies, in their filings with the
SEC, to disclose only proven and probable ore reserves. We use
certain terms in this report, such as 'resources', that the SEC
does not recognise and strictly prohibits us from including in our
filings with the SEC. Investors are cautioned not to assume that
all or any parts of our resources will ever be converted into
reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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