Quarterly Report 30 September 2005
On November 1, 2005, the Company priced a fully marketed global equity offering of 7,500,000 ordinary shares and American Depositary Shares ("ADSs") at US$13.50 per share. The underwriters have been granted an over-allotment option by Randgold Resources to purchase up to 1,125,000 additional ordinary shares. The funds will be used for the development of the Loulo underground mine, the Tongon pre-feasiblity study and new business opportunities.
With its extensive exploration portfolio, and a strengthened balance sheet, the company is now well-placed to continue with its development projects.