London, 19 June 2006 (LSE:RRS)(Nasdaq:GOLD) - London and Nasdaq listed gold miner Randgold Resources has been re-admitted to the FTSE Gold Index with effect from today.
After a brief spell in the FTSE Gold Index in 2003 on the back of a bumper year at Morila, the company's readmission reflects the boost to production provided by the new Loulo mine in Mali. Membership of the FTSE Gold Index requires sustainable attributable gold production of at least 300 000 ounces of gold per year. Randgold Resources produced a total of 314 831 attributable ounces for the 2005 calendar year and is forecasting to improve on this for the current year. The FTSE Gold Index has assigned Randgold Resources a 100% investment rating, indicating that the company has a free float of more than 75%.
Chief executive Dr Mark Bristow said Randgold Resources' inclusion in the FTSE Gold Index underlined the steady organic growth in the scale of the company's operations supported by its extensive exploration programmes and substantial holdings in West and East Africa.
"Membership of the FTSE Gold Index will further raise our profile amongst the index tracker funds within the UK and in particular the London market and will advance our very active corporate marketing and capital markets strategies," he said.
The company has formed part of the broader FTSE 250 since 2003.