GENERAL

The company continues to evaluate various opportunities both at corporate, project and joint venture levels.

Production is planned to increase in the second half of the year as higher grades are accessed in the Yalea underground mine at Loulo, as per the current mine plan. Despite the lower forecast production at Morila, we believe it is still possible for Randgold Resources to meet its forecast for the year.

The site establishment at Tongon is underway and should ensure that Randgold Resources are in a position to commence construction by the end of the year as planned. The programme will align well with the continuing improvements in the political situation in Côte d’Ivoire, where presidential elections have been confirmed for the end of November 2008.