In The Zone

GOLD – Randgold Resources, Ltd.

Randgold Resources is a gold focused mining and exploration business incorporated in the Channel Islands in 1995 and listed on the London Stock Exchange (RRS) in 1997 and on Nasdaq (GOLD) in 2002. Its focus is on the creation of value for all its stakeholders by discovering world-class gold deposits and converting them into profitable mines.

Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million plus ounce Yalea deposit at Loulo in western Mali and the 4 million plus ounce Tongon deposit in the Côte d'Ivoire.

Randgold Resources financed and developed the Morila mine, which was commissioned in October 2000 and since then has produced approximately 4.85 million ounces of gold as well as distributing more than US$1.2 billion to its stakeholders.

It also financed and developed the Loulo project, which went into production in November 2005 with two open pit mines. Two underground mines are being developed on the site - the first, at the Yalea deposit, and the second, at the Gara deposit, is at final planning stage. Loulo is on track to meet its full year target of 265 000 ounces in 2008 and the underground operations are scheduled to increase this annual output to 400 000 ounces by 2010.

The company recently decided to proceed with the development of a mine at its Tongon project. First gold production is scheduled for the fourth quarter of 2010.
Randgold Resources has an extensive portfolio of organic growth prospects, constantly replenished by its wide-ranging exploration projects in the major gold regions of Mali, Senegal, Burkina Faso, Côte d'Ivoire, Ghana and Tanzania.

Randgold Resources ended the week trading on the upside with a new 52 week high above its 5, 10, 50 and 200 week moving averages. The stock broke through upside resistance at $54.50. Randgold ended the day trading at $58.03 up $8.47 or 17.09% on higher than average volume of 5.6 million.

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