0001571049-17-002957.txt : 20170329 0001571049-17-002957.hdr.sgml : 20170329 20170328194158 ACCESSION NUMBER: 0001571049-17-002957 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20170328 FILED AS OF DATE: 20170329 DATE AS OF CHANGE: 20170328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RANDGOLD RESOURCES LTD CENTRAL INDEX KEY: 0001175580 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49888 FILM NUMBER: 17720426 BUSINESS ADDRESS: STREET 1: 3RD FLOOR, UNITY CHAMBERS 28 HALKETT ST STREET 2: ST. HELIER, JERSEY JE2 4WJ CITY: CHANNEL ISLANDS STATE: X0 ZIP: 00000 BUSINESS PHONE: 011-44-1534-735-333 MAIL ADDRESS: STREET 1: 3RD FLOOR, UNITY CHAMBERS 28 HALKETT ST STREET 2: ST. HELIER, JERSEY JE2 4WJ CITY: CHANNEL ISLANDS STATE: X0 ZIP: 00000 6-K 1 t1700909_6k.htm FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of March 2017 (fourth filing)

 

Commission File Number: 0-49888

 

Randgold Resources Limited

(Translation of registrant’s name into English)

 

3rd Floor, Unity Chambers, 28 Halkett Street, St Helier, Jersey JE2 4WJ, Channel Islands

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x         Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's “home country”), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 

   

 

 

Attached to the Registrant’s Form 6-K filing for the month of March 2017, and incorporated by reference herein, is:

 

Exhibit No.   Description
     
99.1   Release, dated March 28, 2017 entitled “STRONG 2016 PERFORMANCE LAYS FOUNDATION FOR SUSTAINED PROFITABILITY AT RANDGOLD.”
     
99.2   Release, dated March 28, 2017 entitled “NOTICE OF ANNUAL GENERAL MEETING.”
     
99.3   Release, dated March 28, 2017 entitled “RANDGOLD SUSTAINS QUALITY OF RESERVES AND RESOURCES.”
     
99.4   Release, dated March 28, 2017 entitled “PROPOSED DIVIDEND INCREASED.”

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  RANDGOLD RESOURCES LIMITED
     
  By: /s/ Martin Welsh*
    Martin Welsh
    General Counsel and Secretary

 

Dated: March 28, 2017

 

*This filing has been signed by the undersigned Attorney-in-Fact pursuant to the power of attorney filed heretofore.

 

/s/ Manuel G. R. Rivera  
Manuel G. R. Rivera  
Attorney-in-Fact  

 

   

 

EX-99.1 2 t1700909_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

RANDGOLD RESOURCES LIMITED

Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

NASDAQ Trading Symbol: GOLD

 

STRONG 2016 PERFORMANCE LAYS FOUNDATION FOR SUSTAINED PROFITABILITY AT RANDGOLD

 

Jersey, Channel Islands, 28 March 2017After its record-breaking performance last year, Randgold Resources is strongly positioned to sustain profitable production, and continue delivering value to all stakeholders, well into the future, says chief executive Mark Bristow in the company’s 2016 annual report published today.

 

Bristow notes that after a slow start to the year, Randgold increased production to a new high of 1.25 million ounces to achieve its annual guidance. All the operations contributed to this effort, with its flagship Loulo-Gounkoto complex in Mali posting particularly good results.

 

“We achieved, and exceeded our net cash target of $500 million and remained debt-free. We drove down our total cash cost per ounce of production and our profit rose by 38%. We completed or advanced our capital projects. We reduced our lost time injury frequency rate to its lowest level ever. We continued to replenish our attributable group reserves and made significant progress towards our goal of identifying three new potential projects that fit our investment criteria in the next five years,” he says.

 

Bristow says the immediate future is already taking shape with Kibali in the Democratic Republic of Congo on track for completion of the underground shaft facility this year, the development of a super pit at the Gounkoto mine in Mali going ahead, and the Massawa project in Senegal looking increasingly viable as the next Randgold mine.

 

The company’s 10-year business plan, shared with the market last year, shows a business which will remain profitable at a long term gold price of $1 000/oz while producing at an average annual rate of approximately 1.2 million ounces and generating cash that will support continued investment in the future as well as dividends.

 

“It is worth noting that with our big capital projects nearing completion and a cost profile trending down, Randgold is a truly profitable business capable of delivering value to all stakeholders,” he says.

 

Foremost among these stakeholders are the governments and people of Randgold’s host countries.

 

“It is their support and cooperation that makes it possible for us to build and operate mines in some of the remotest parts of the world. We have proved over the years that we are there not to exploit these countries but to unlock the value of their mineral resources so that all may benefit.”

 

Also in the annual report, chairman Christopher Coleman says Randgold continues to place a strong emphasis on the entrenchment of its social licence, which it regards as an essential requirement for business success in Africa.

 

Its extensive social responsibility initiatives include Nos Vies en Partage, the independent charitable foundation Randgold established to support quality of life improvement programmes in Africa, particularly those which support women and children.

 

“In his latest fundraising motorcycle safari through Africa last year, Mark Bristow and his team raised a further $2.5 million for the foundation,” Coleman says.

 

   

 

  

RANDGOLD RESOURCES ENQUIRIES

Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
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 release, 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.

 

   

EX-99.2 3 t1700909_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
(“Randgold Resources” or the “Company”)

 

NOTICE OF ANNUAL GENERAL MEETING

 

Jersey, Channel Islands, 28 March 2017 – The Company announces that its 2017 Annual General Meeting will be held at 9:00 a.m. on 2 May 2017 at The Club Hotel, Green Street, St Helier, Jersey, JE2 4UH.

 

A copy of the Notice of the Annual General Meeting, Form of Proxy and the Company’s Annual Report and Accounts for year ended 31 December 2016, are now available to view on the Company's website at www.randgoldresources.com. Hard copies have been posted to shareholders.

 

A copy of the Notice of the Annual General Meeting, Form of Proxy and Annual Report and Accounts, for use at the meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

 

RANDGOLD RESOURCES ENQUIRIES:

Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288

 

Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 7797 711 338

 

Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: randgold@dpapr.com

 

Website: www.randgoldresources.com

 

   

 

EX-99.3 4 t1700909_ex99-3.htm EXHIBIT 99.3

 

Exhibit 99.3

 

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD

RANDGOLD SUSTAINS QUALITY OF RESERVES AND RESOURCES

 

Jersey, Channel Islands, 28 March 2017Randgold Resources’ annual resource and reserve declaration, published today as part of its annual report for 2016, shows attributable proved and probable reserves down by 1% after another record production year. Total attributable resources of 25.5 million ounces were down 8%, reflecting mining depletion and changes to the method of reporting underground resources at Kibali.

 

The group’s reserve grade, however, increased from 3.6g/t to 3.7g/t and chief executive Mark Bristow said this showed that Randgold has been able to replenish ounces at grades above or equal to its reserve base despite the high depletion rate from mining.

 

“This means our current reserves have secured our business plan for at least 10 years of profitable production. In the meantime, our exploration teams continue to hunt for additional ounces to replenish these reserves as well as for our next big discovery,” Bristow said.

 

Group general manager evaluation Rod Quick noted that Randgold continued to base its reserve calculations at a gold price of $1 000/oz which, coupled with its emphasis on quality over quantity, gave it a robust reserve profile which would enable the company to continue managing the cyclical nature of the gold market.

 

In Mali, Loulo’s total ore reserves after depletion increased by 12% to 5.3 million ounces at 4.5g/t as further drilling and design work resulted in an increase of 520 000 ounces to the Gara ore reserves with the incorporation of Gara Far South. Infill grade control gains at Yalea resulted in a partial replacement of depletion ounces. Total mineral resources increased by 1%, net of depletion, driven by an increase of 461 000 ounces in Gara underground’s inferred resources. At neighbouring Gounkoto, total ore reserves net of depletion remained above 3 million ounces year on year. This was largely due to the completion of the Gounkoto super pit feasibility study, leading to a significant gain in the open pit ore reserves and the associated reduction of the underground reserve.

 

At Kibali, in the Democratic Republic of Congo, total reserves decreased to 9.2 million ounces at 4.0g/t from 10.6 million ounces at 4.1g/t in 2015 following mining depletion and changes to the KCD underground geological model. The changes resulted from the reinterpretation of the controls to mineralisation of the high grade lodes following a significant increase in mapping and grade control data. Although the remodel has resulted in geological model changes of a portion of the 5103 and 9105 lodes, it has also highlighted the upside potential of the up and down plunge extension of the 3000 lodes as an underground target. Mineral resources are also down due to mining depletion, geological model changes and a change in the method of underground resource reporting which has been aligned with industry best practice using stope optimiser software to report underground resources.

 

In Côte d’Ivoire, Tongon’s resources and reserves decreased as a result of depletion and geological changes to the Northern Zone orebody following reinterpretation of the granodiorite contact boundary at depth after additional surface drilling. Drilling continues to probe for potential gains within and immediately below the current pit designs. The first of a number of satellite pits, Sekala, was brought into the resource statement which added 43 000 ounces of indicated resource. Further satellites will continue to be tested in the coming year.

 

 

 

  

In Senegal, the key development project Massawa saw an increase of total reserves at a 40% higher grade. The increase in reserve ounces follows the incorporation into the project of 475 000 ounces from the Sofia Main deposit, while the increase in grade was driven principally by the geological remodelling of the Central Zone ore lodes. Total reserves now stand at 2.6 million ounces at 4.3g/t, up significantly from the last year’s 2.0 million ounces at 3.1g/t. Drilling continues on the Massawa and Sofia deposits to increase ounces. Total mineral resource ounces are down 400 000 ounces year on year, principally due to the geological remodelling and higher cost profile of Sofia and Massawa, leading to the reduction of low grade ounces.

 

RESOURCE AND RESERVE DECLARATION at 31 December 2016 (abridged)

 

      Tonnes (Mt)   Grade (g/t)   Gold (Moz)   Attributable gold (Moz) 
Mine/project  Category  2016   2015   2016   2015   2016   2015   2016   2015 
MINERAL RESOURCES                                           
Kibali                                    45%   45%
   Measured   17    10    2.7    2.2    1.5    0.7    0.7    0.3 
   Indicated   118    124    3.2    3.8    12    15    5.5    6.8 
Sub total  Measured and indicated   135    134    3.2    3.7    14    16    6.2    7.2 
   Inferred   46    47    2.3    2.5    3.4    3.9    1.5    1.7 
Loulo                                    80%   80%
   Measured   23    18    4.8    4.5    3.6    2.6    2.9    2.1 
   Indicated   30    33    4.5    4.3    4.3    4.5    3.4    3.6 
Sub total  Measured and indicated   53    51    4.6    4.4    7.9    7.1    6.3    5.7 
   Inferred   15    20    3.8    3.9    1.9    2.5    1.5    2.0 
Gounkoto                                    80%   80%
   Measured   8.0    5.0    3.7    2.9    1.0    0.5    0.8    0.4 
   Indicated   21    25    4.3    4.7    3.0    3.7    2.4    3.0 
Sub total  Measured and indicated   29    30    4.2    4.4    3.9    4.2    3.1    3.3 
   Inferred   4.2    5.3    3.1    3.1    0.4    0.5    0.3    0.4 
Morila                                    40%   40%
   Indicated   22    23    0.6    0.5    0.4    0.4    0.2    0.2 
Sub total  Indicated   22    23    0.6    0.5    0.4    0.4    0.2    0.2 
   Inferred   0.9    1.8    0.4    0.6    0.01    0.03    0.01    0.01 
Tongon                                    89.7%   89%
   Measured   8.0    8.8    2.4    2.7    0.6    0.8    0.6    0.7 
   Indicated   15    22    2.6    2.6    1.3    1.8    1.1    1.6 
Sub total  Measured and indicated   23    30    2.5    2.6    1.9    2.6    1.7    2.3 
   Inferred   13    12    2.8    2.8    1.1    1.1    1.0    1.0 
Massawa                                    83%   83%
   Measured   0.5    0.2    5.5    5.1    0.1    0.03    0.1    0.03 
   Indicated   19    35    4.0    2.6    2.5    2.9    2.0    2.4 
Sub total  Measured and indicated   20    35    4.0    2.6    2.6    3.0    2.1    2.5 
   Inferred   21    23    2.7    2.5    1.8    1.8    1.5    1.5 
TOTAL RESOURCES  Measured and indicated   282    304    3.4    3.4    30    33    20    21 
   Inferred   100    110    2.7    2.8    8.6    9.9    5.9    6.7 
ORE RESERVES
Kibali                                    45%   45%
   Proved   4.3    4.0    1.9    1.8    0.3    0.2    0.1    0.1 
   Probable   66    76    4.2    4.3    8.9    10    4.0    4.7 
Sub total  Proved and probable   71    80    4.0    4.1    9.2    11    4.1    4.8 
Loulo                                    80%   80%
   Proved   14    8.6    4.7    4.5    2.1    1.2    1.7    1.0 
   Probable   23    23    4.3    4.7    3.1    3.4    2.5    2.7 
Sub total  Proved and probable   37    32    4.5    4.6    5.3    4.7    4.2    3.7 
Gounkoto                                    80%   80%
   Proved   6.8    4.1    3.9    3.1    0.9    0.4    0.7    0.3 
   Probable   15    16    4.9    5.2    2.3    2.7    1.8    2.2 
Sub total  Proved and probable   21    20    4.6    4.8    3.1    3.1    2.5    2.5 
Morila                                    40%   40%
   Probable   15    15    0.5    0.6    0.3    0.3    0.1    0.1 
Sub total  Probable   15    15    0.5    0.6    0.3    0.3    0.1    0.1 
Tongon                                    89.7%   89%
   Proved   7.5    8.2    2.2    2.3    0.5    0.6    0.5    0.5 
   Probable   12    18    2.5    2.4    0.9    1.4    0.8    1.3 
Sub total  Proved and probable   19    26    2.4    2.4    1.5    2.0    1.3    1.8 
Massawa                                    83%   83%
   Probable   19    21    4.3    3.1    2.6    2.0    2.2    1.7 
Sub total  Probable   19    21    4.3    3.1    2.6    2.0    2.2    1.7 
TOTAL ORE RESERVES  Proved and probable   182    194    3.7    3.6    22    23    14    15 

 

 

 

  

RANDGOLD RESOURCES ENQUIRIES:

 

Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288

Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 7797 711 338

Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: randgold@dpapr.com 

 

Website: www.randgoldresources.com

 

NOTES TO THE RESOURCE AND RESERVE DECLARATION

Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code and as such are reported to the second significant digit. These are equivalent to National Instrument 43-101 and the reporting of ore reserves is also in accordance with SEC Industry Guide 7. Open pit mineral resources consist of in situ mineral resources at a weighted average cut-off grade of 0.69g/t falling within a $1 500/oz optimised pit shell. Underground mineral resources are those mineral resources falling below the open pit resources reported at a weighted average cut-off of 1.75g/t. Morila TSF mineral resources are reported at 0.46g/t. Open pit and underground ore reserves are economic at a gold price of $1 000/oz. Open pit reserves are calculated at a weighted average cut-off grade of 0.96g/t. Underground reserves are calculated at a weighted average cut-off grade of 2.51g/t. TSF reserves at Morila are calculated at a 0.49g/t cut-off. Dilution and ore loss are incorporated into the calculation of reserves. Mineral resources are inclusive of ore reserves.

 

COMPETENT PERSONS

Yalea, Gara and Baboto mineral resources were calculated by Timothee Sogoba, an officer of the company, under the supervision of Simon Bottoms, an officer of the company and competent person. Mineral resources for Loulo 3 and Gara West were generated by Mamadou Ly, an officer of the company, under the supervision of Simon Bottoms, an officer of the company and competent person. Gounkoto mineral resources were calculated by Sekou Diarra, an officer of the company, under the supervision of Simon Bottoms, an officer of the company and competent person. Faraba mineral resources were calculated by Mamadou Ly, an officer of the company, under the supervision of Simon Bottoms, an officer of the company and competent person. Tongon and Sekala mineral resources were calculated by Mamadou Ly, an officer of the company, under the supervision of Simon Bottoms, an officer of the company and competent person. Morila resources were calculated by Jonathan Kleynhans, a competent person while an officer of the company, now an external consultant. Kibali underground mineral resources were generated by Ernest Doh and Simon Bottoms, both officers of the company and competent persons. Mineral resources for Kombokolo were generated by Abdoulaye Ngom, an officer of the company, under the supervision of Ernest Doh and Simon Bottoms, both officers of the company and competent persons. All other Kibali mineral resources were generated by Ernest Doh, an officer of the company and competent person. Massawa resources were calculated by Simon Bottoms and Rodney Quick, both officers of the company and competent persons. Rodney Quick reviewed all mineral resources as lead competent person. Rodney Quick is a Professional Natural Scientist and member of the South African Institute of Mining and Metallurgy (SACNASP). Simon Bottoms is a chartered geologist of the Geological Society of London and Ernest Doh is a qualified geologist and member of the Australasian Institute of Mining and Metallurgy (AusIMM). All have sufficient experience in the style of mineralisation and types of deposits under consideration and the activity which they are undertaking as competent persons as defined in the 2012 edition in the ‘Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves’. 

 

The Loulo, Tongon, Massawa, Sofia and Gounkoto open pit and Morila TSF mineral reserves were calculated by Shaun Gillespie, an officer of the company and competent person. Kibali open pit mineral reserves were generated by Nicholas Coomson, an officer of the company and competent person. Loulo underground reserves were calculated by Andrew Fox, an external consultant and competent person. The Kibali and Gounkoto underground mineral reserves were calculated by Tim Peters, an external consultant and competent person. Tim Peters, Andrew Fox and Nicholas Coomson are members of AusIMM. Shaun Gillespie is a member of SACNASP. All have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 edition of the “Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves”.

 

ANNUAL REPORT

Randgold has posted its annual report for the year ended 31 December 2016 to shareholders and its Form-20F for the same period is expected to be filed with the United States Securities and Exchange Commission (‘SEC’) by 28 March 2017. Once published, both reports will be available on the company’s website at www.randgoldresources.com for viewing and/or downloading. Shareholders can download a copy of the proxy form from our website and those wishing to appoint a proxy via the CREST system should do so via the issuer’s agent (ID number 3RA50). Details regarding the submission of proxies can be obtained from the notice of annual general meeting section, also on the website at 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 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 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 proved and probable ore reserves. We use certain terms, 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 'proved and probable reserves' for the purposes of the SEC's Industry Guide number 7.

 

 

EX-99.4 5 t1700909_ex99-4.htm EXHIBIT 99.4

  

Exhibit 99.4

 

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
(“Randgold Resources” or the “Company”)

 

PROPOSED DIVIDEND INCREASED

 

Jersey, Channel Islands, 28 March 2017In its Annual Report for 2016 published today, Randgold Resources confirmed its intention to increase its final dividend for the year ended 31 December 2016. Since its first dividend in respect of the 2006 financial year, the annual dividends have increased by 900% over that 10 year period.

 

The board has proposed a 52% year on year increase in the dividend to $1.00 per share for the year ended 31 December 2016 for approval at its annual general meeting on 2 May 2017. The dividend will be paid in cash with no scrip alternative being made available.

 

“Now that we have reached our $500 million cash target, going forward Randgold intends to continue to pay an annual dividend that will take into account its profitability, cash flows and the wider capital requirements of the group in the context of its financial position, including its expected cross-cycle operating cash flows and its cross-cycle capital expenditure requirements. The company will seek to maintain a net cash position of approximately $500 million to provide financing flexibility should a new mine development or other growth opportunity be identified. To the extent that Randgold has surplus capital, the company intends to return such excess to shareholders,” said chief financial officer Graham Shuttleworth. “The increase in dividends validates the business model and reflects the profitability and financial strength of the group.”

 

RANDGOLD RESOURCES’ ENQUIRIES:

Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288

 

Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338

Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
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 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 Resources 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 Resources’ filings with the US Securities and Exchange Commission (the ‘SEC’). Although Randgold Resources 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 Resources 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, 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.