1. 1
BACK ON TRACK AT TONGON…
upgrade and expansion programme
clears way for performance uptick
Amourlaye Daouda, operations manager
Côte d’Ivoire, Tongon mine…a profitable
business with upside potential
1996
Acquired Nielle
exploration permit
2001
Finalised prefeasibility study
Total resource 2.9MOz@2.6g/t
2002
Force Majeure
declared –
exploration office
closed
2007
Randgold returns and
commences 30 000m
drilling programme
Reserve
increased by
26% to
3.16Moz @
2.57g/t
2012
2008
Mine construction
started
2008
First ore fed
to Mill 1
on oxide ore
2010
First gold
poured
2010
Production continued as
political crisis escalated
2010
Oxygen plant
upgraded from
20-30tpd
Aug 2012
Transition to
100%
sulphide ore
2011
Additional
Gensets
commissioned
Nominated best
mine in Côte
d’Ivoire
Mine officially
opened by
president
2011
2014
Grid power
switched on
2012
Mill 2
commissioned
on oxide ore
2010
ISO14001
certification
2012
2011
Grid power
switched on
OHSAS18001
certification
2013
2. 2
Tongon organisational chart…
Tongon employees
0
20
40
60
80
100
2010 2011 2012 2013 2014
% Expatriates % National
General Manager
Luiz Correia
Operation Manager
D. Amourlaye
Mining
Manager
Franck
Dibi
Mineral
Resources
Manager
Alan
Kouadjo
Process
Manager
Lancina
Cisse
Engineering
Manager
Hendrik
Snyman
Finance
Manager
Fabrice
Tamanei
HR
Manager
Kabinè
Outtara
Community
Manager
Denise
Ngom
SHE
Manager
Theophilus
Akita
Security
Manager
Derrick
Clampet
Suppy Chain
Manager
Ben
Binate
Tongon environment, health and safety…
0
20
40
60
80
100
120
140
2010 2011 2012 2013 2014
Malaria
incidence rate
0
0,5
1
1,5
2
2,5
2010 2011 2012 2013 2014
LTIFR
Health and Safety
Tongon achieved zero Lost Time Injury since the 15th
November 2013 - 4.3 million LTI free hours
OHSAS18001 accreditation in Nov 2013
OHSAS18001 surveillance 1 audit was successfully completed
in Sep 2014
Malaria incident rate decreased year on year (reduction +50%
since start of mine in 2010)
Ebola kit with PPE, mobile tent, bed and infrared thermometer
are available on the site to help on the management of
suspected cases
0
0,2
0,4
0,6
0,8
1
1,2
2011 2012 2013 2014
Environment
No major environmental incidents
ISO14001 accreditation achieved in Sept 2012
ISO14001 surveillance 2 audit was successfully completed
in Sep 2014
Effective water management: 85% reduction in fresh water
abstraction. 95% of process water recycled
Biodiversity action plans in place
Tongon nominated as a best mine of Cote d’Ivoire
Fresh water/tonne of
ore milled m3
3. 3
Reserves and resources…
2km
Southern
Zone
Northern
Zone
N
0.5 – 1.0g/t
1.0 – 2.0g/t
2.0 – 3.0g/t
3.0 – 4.0g/t
> 4.0g/t
Reserves and Resources
Moz
0
1
2
3
4
5
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Reserves Resources
Tongon, Grid vs Genset power usage…
Q4 2013 to Q3 2014
0,00
0,05
0,10
0,15
0,20
0,25
-
2
4
6
8
10
12
14
16
18
20
Energy Supplied from Grid Energy Supplied by Powerhouse Total Power Cost
Total KWh million
Targeted “grid to diesel generated”
power ratio of 98:2
Total cost $/KWh
CIE utilisation
4. 4
Timeline to operational efficiency…crushing
lines belt intervention and change-out
440
460
480
500
520
540
560
580
600
620
Tonnes treated rate per hour
Installation of crushers 3&4
Installation of 1st set of CH 660’s - crushers 5&6
Complete crusher and conveyor installation
2nd stream
of rougher
flotation
1st stream
of rougher
flotation
CRUSHER
CHANGEOUT
FLOTATION
UPGRADE
Crushing lines belt intervention and change-out
Forecast
Tongon mine…operating results
30 Sep
2014
31 Dec
2013
31 Dec
2012
Mining
Tonnes mined (000) 19 412 27 237 20 380
Ore tonnes mined (000) 2 629 4 081 45 592
Milling
Tonnes processed (000) 3 042 3 866 3 432
Head grade milled (g/t) 2.3 2.4 2.5
Recovery (%) 77.3 77.0 77.4
Ounces produced 170 740 233 591 210 615
Ounces sold 170 538 236 279 210 396
Average price received ($/oz) 1 286 1 394 1 672
Cash operating costs ($/oz) 854 786 722
Total cash costs ($/oz) 892 828 772
Gold on hand at period end ($000) 128 - 3 268
Profit from mining activity ($000) 67 158 133 907 189 313
Gold sales ($000) 219 327 329 448 351 805
9 months ended 12 months ended
5. 5
Tongon…5 year plan
0
1
2
3
4
5
6
7
0
100
200
300
400
500
600
700
800
900
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Production Total cash cost/oz Capex Grade
Grade
g/t
Grade g/t
Total cash cost/oz
Capex $000
Production
Oz 000
Cash cost
$/oz
Capex
$m
Contribution to Côte d’Ivoire economy…
Total payment
$609.1 million
$535.5m
$39.8m
Local suppliers, local
salaries, community
investment
Royalties
$33.8m
Direct and
indirect taxes
6. 6
Disclaimer…
Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code. As such
numbers are reported to the second significant digit. They are equivalent to National Instrument 43-101. Mineral
resources are reported at a cut-off grade based on a gold price of US$1 500/oz.
The reporting of mineral reserves is also in accordance with Industry Guide 7. Pit optimisations are carried out at a
gold price of US$1 000/oz, except for Morila which is reported at US$1 300/oz. Mineral reserves are reported at a
cut-off grade based on US$1 000/oz gold price within the pit designs. Underground reserves are also based on a
gold price of US$1 000/oz. Dilution and ore loss are incorporated into the calculation of reserves. Cautionary note
to US investors: The United States Securities and Exchange Commission (the SEC) permits mining companies, in
their filings with the SEC, to disclose only proven and probable ore reserves. Randgold uses certain terms in this
annual report such as ‘resources’, that the SEC does not recognise and strictly prohibits the company from
including in its filings with the SEC. Investors are cautioned not to assume that all or any parts of the company’s
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information
contained herein, the matters discussed in this presentation 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.