15th Mar 2005 13:00
Randgold Resources Ld15 March 2005 Randgold Resources LimitedIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD FIRST BALL MILL REACHES LOULO MINE Bamako, Mali, 15 March 2005 (LSE: RRS) (Nasdaq: GOLD) - The first of the twoball mills destined for Randgold Resources' new gold mine at Loulo in Mali hasarrived on schedule at the site. The arrival of the second mill has been delayed after a failure of the camberstabilising device on the lowbed, just 170 kilometres from the mine. The secondmill will now be transported to the mine on the first mill's lowbed. This willnot affect the project schedule as the second mill is only due for commissioningat the end of the third quarter of this year. The new plus 7 million ounce Loulo mine is scheduled to pour its first gold inJuly 2005. RANDGOLD RESOURCES ENQUIRIES: Chief Executive - Dr Mark Bristow +44 779 775 2288Financial Director - Roger Williams +44 791 709 8939Investor & Media Relations - Kathy du Plessis +27 11 728 4701, Cell: +27 (0) 83 266 [email protected]: www.randgoldresources.com DISCLAIMER: Statements made in this document with respect to Randgold Resources'current plans, estimates, strategies and beliefs and other statements that arenot historical facts are forwardlooking statements about the future performanceof Randgold Resources. These statements are based on management's assumptionsand beliefs in light of the information currently available to it. RandgoldResources cautions you that a number of important risks and uncertainties couldcause actual results to differ materially from those discussed in theforward-looking statements, and therefore you should not place undue reliance onthem. The potential risks and uncertainties include, among others, risksassociated with: fluctuations in the market price of gold, gold production atMorila, the development of Loulo and estimates of resources, reserves and minelife. For a discussion on such risk factors, refer to the annual report on Form20-F for the year ended 31 December 2003, which was filed with the United StatesSecurities and Exchange Commission (the 'SEC') on 30 June 2004. RandgoldResources assumes no obligation to update information in this release.Cautionary Note to US Investors: The SEC permits companies, in their filingswith the SEC, to disclose only proven and probable ore reserves. We use certainterms in this release, such as "resources", that the SEC does not recognise andstrictly prohibits us from including in our filings with the SEC. Investors arecautioned not to assume that all or any part of our resources will ever beconverted into reserves which qualify as 'proven and probable reserves' for thepurposes of the SEC's industry guide number 7. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Randgold Resources