24 Randgold Resources
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WorldReginfo - 91eabbb6-98e3-4f18-932c-032325ccfb6c WorldReginfo - 91eabbb6-98e3-4f18-932c-032325ccfb6c Shareholders’ diary Randgold Resources is an African focused gold mining Financial year end 31 December and exploration company with Annual general meeting Tuesday 3 May 2011 listings on the London Stock Exchange and Nasdaq. ANNOUNCEMENT OF QUARTERLY RESULTS First quarter Thursday 5 May 2011 Second quarter Thursday 4 August 2011 Third quarter Wednesday 2 November 2011 Year end and fourth quarter Monday 6 February 2012 Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 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. Stock exchange Ticker symbol TICKER SYMBOLS Randgold Resources Limited (Randgold) financed and London Stock Exchange (ords) RRS built the Morila mine which since October 2000 has KEY NUMBERS Nasdaq Global Select Market (ADRs) GOLD produced approximately 5.8 million ounces of gold and 31 Dec 31 Dec distributed more than US$1.6 billion to stakeholders. It US$000 2010 2009 also financed and built the Loulo operation which started as two open pit mines in November 2005. Since then, Gold sales* 487 669 434 194 an underground mine has been developed at the Yalea Note that the above dates may be subject to change and should be Total cash costs* 289 043 249 183 confirmed by checking on the website closer to the time. Profit from mining activity* 198 626 185 011 deposit and construction of a second underground Exploration and corporate expenditure 47 178 51 111 operation is underway at the Gara deposit. The Profit before income tax and financing activities 136 141 113 764 company’s new Tongon mine poured its first gold on Profit for the period 120 631 84 263 8 November 2010. Profit attributable to equity shareholders 103 501 69 400 Basic earnings per share 1.14 0.86 Mining started in January 2011 at Gounkoto, another Net cash generated from operations 107 789 63 747 deposit on the Loulo permit in Mali, and it is scheduled Cash and cash equivalents 366 415 589 681 to start supplying ore to the nearby Loulo plant in the # Gold on hand at period end 40 858 2 620 second half of 2011. Randgold is fast tracking Kibali in § Group production (ounces) 440 107 488 255 the Democratic Republic of Congo, where construction Attributable sales§ (ounces) 413 262 486 324 of the mine is targeted to start mid 2011. In 2009 the Group total cash costs per ounce*§ (US$) 699 512 company acquired a 45% interest in the Kibali project, Group cash operating costs per ounce*§ (US$) 632 460 which now stands at 10 million ounces of reserves and * Refer to explanation of non-GAAP measures provided, including the changes in the basis is one of the largest undeveloped gold deposits in Africa. of the measurement of costs per ounce, on page 131 of this report. Randgold also has an extensive portfolio of organic § Randgold consolidates 100% of Loulo and Tongon and 40% of Morila. Randgold Resources Limited # growth prospects, which is constantly replenished by Gold on hand represents gold in dore at the mines multiplied by the prevailing spot gold Incorporated in Jersey, Channel Islands price at the end of the period. intensive exploration programmes in Burkina Faso, Registration Number 62686 Côte d’Ivoire, DRC, Mali and Senegal. CONTENTS DELIVERING GROWTH OPERATIONS PROJECTS AND RESERVES AND SOCIAL RESPONSIBILITY DIRECTORS’ REPORTS FINANCIAL STATEMENTS SHAREHOLDERS’ EXPLORATION RESOURCES AND SUSTAINABILITY INFORMATION 01 2011 guidance 16 Loulo mining complex REPORTS 72 Corporate governance report 96 Statement of directors’ 01 Key performance indicators 22 Morila mine 32 Gounkoto mine development 56 Schedule of mineral rights 77 Audit committee report responsibilities 136 Executives’ profiles 02 Value creation strategy 26 Tongon mine 38 Kibali development project 57 Resource triangle 81 Remuneration report 97 Report of the independent 138 Group companies 60 Overview Designed and produced by du Plessis Associates 04 Chairman’s statement 43 Massawa feasibility project 58 Annual resource and reserve 62 Community development and 93 Governance and nomination auditors 139 Operations 06 Directors 46 Exploration review declaration social responsibility report 98 Financial statements 140 Analysis of shareholding 08 Chief executive’s review 64 Human resources 142 Directory 10 Executives 66 Occupational health and safety 143 Shareholders’ diary 11 Senior management 68 Environmental responsibility 12 Financial review Refer to separate document for notice of annual general meeting and proxy form. Randgold Resources 14 Market overview Annual report 2010 143 WorldReginfo - 91eabbb6-98e3-4f18-932c-032325ccfb6c Shareholders’ diary Randgold Resources is an African focused gold mining Financial year end 31 December and exploration company with Annual general meeting Tuesday 3 May 2011 listings on the London Stock Exchange and Nasdaq. ANNOUNCEMENT OF QUARTERLY RESULTS First quarter Thursday 5 May 2011 Second quarter Thursday 4 August 2011 Third quarter Wednesday 2 November 2011 Year end and fourth quarter Monday 6 February 2012 Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 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. Stock exchange Ticker symbol TICKER SYMBOLS Randgold Resources Limited (Randgold) financed and London Stock Exchange (ords) RRS built the Morila mine which since October 2000 has KEY NUMBERS Nasdaq Global Select Market (ADRs) GOLD produced approximately 5.8 million ounces of gold and 31 Dec 31 Dec distributed more than US$1.6 billion to stakeholders. It US$000 2010 2009 also financed and built the Loulo operation which started as two open pit mines in November 2005. Since then, Gold sales* 487 669 434 194 an underground mine has been developed at the Yalea Note that the above dates may be subject to change and should be Total cash costs* 289 043 249 183 confirmed by checking on the website closer to the time. Profit from mining activity* 198 626 185 011 deposit and construction of a second underground Exploration and corporate expenditure 47 178 51 111 operation is underway at the Gara deposit. The Profit before income tax and financing activities 136 141 113 764 company’s new Tongon mine poured its first gold on Profit for the period 120 631 84 263 8 November 2010. Profit attributable to equity shareholders 103 501 69 400 Basic earnings per share 1.14 0.86 Mining started in January 2011 at Gounkoto, another Net cash generated from operations 107 789 63 747 deposit on the Loulo permit in Mali, and it is scheduled Cash and cash equivalents 366 415 589 681 to start supplying ore to the nearby Loulo plant in the # Gold on hand at period end 40 858 2 620 second half of 2011. Randgold is fast tracking Kibali in § Group production (ounces) 440 107 488 255 the Democratic Republic of Congo, where construction Attributable sales§ (ounces) 413 262 486 324 of the mine is targeted to start mid 2011. In 2009 the Group total cash costs per ounce*§ (US$) 699 512 company acquired a 45% interest in the Kibali project, Group cash operating costs per ounce*§ (US$) 632 460 which now stands at 10 million ounces of reserves and * Refer to explanation of non-GAAP measures provided, including the changes in the basis is one of the largest undeveloped gold deposits in Africa. of the measurement of costs per ounce, on page 131 of this report. Randgold also has an extensive portfolio of organic § Randgold consolidates 100% of Loulo and Tongon and 40% of Morila. Randgold Resources Limited # growth prospects, which is constantly replenished by Gold on hand represents gold in dore at the mines multiplied by the prevailing spot gold Incorporated in Jersey, Channel Islands price at the end of the period. intensive exploration programmes in Burkina Faso, Registration Number 62686 Côte d’Ivoire, DRC, Mali and Senegal. CONTENTS DELIVERING GROWTH OPERATIONS PROJECTS AND RESERVES AND SOCIAL RESPONSIBILITY DIRECTORS’ REPORTS FINANCIAL STATEMENTS SHAREHOLDERS’ EXPLORATION RESOURCES AND SUSTAINABILITY INFORMATION 01 2011 guidance 16 Loulo mining complex REPORTS 72 Corporate governance report 96 Statement of directors’ 01 Key performance indicators 22 Morila mine 32 Gounkoto mine development 56 Schedule of mineral rights 77 Audit committee report responsibilities 136 Executives’ profiles 02 Value creation strategy 26 Tongon mine 38 Kibali development project 57 Resource triangle 81 Remuneration report 97 Report of the independent 138 Group companies 60 Overview Designed and produced by du Plessis Associates 04 Chairman’s statement 43 Massawa feasibility project 58 Annual resource and reserve 62 Community development and 93 Governance and nomination auditors 139 Operations 06 Directors 46 Exploration review declaration social responsibility report 98 Financial statements 140 Analysis of shareholding 08 Chief executive’s review 64 Human resources 142 Directory 10 Executives 66 Occupational health and safety 143 Shareholders’ diary 11 Senior management 68 Environmental responsibility 12 Financial review Refer to separate document for notice of annual general meeting and proxy form. Randgold Resources 14 Market overview Annual report 2010 143 WorldReginfo - 91eabbb6-98e3-4f18-932c-032325ccfb6c