Randgold Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Randgold Resources Limited (GOLD)

Q2 2012 Earnings Call

August 9, 2012 11:00 AM ET

Executives

Philippe Liétard – Managing Director

Mark Bristow – CEO

Analysts

Josh Wolfson

Patrick Chidley

Martin Welsh

James Bender

Presentation

Operator

Ladies and gentlemen, we’re at the Randgold Quarter Two Results International Investment Call. My name is Jane and I’ll be your coordinator today. (Operator Instructions) You may begin.

Philippe Liétard

Thank you, and hi, everyone, and welcome to you all to the quarterly review of our results. I speak to you today having just returned from a visit to MALI. Our Board meeting was held at Loulo, which it is from time to time and this was a great opportunity for the board to review in greater details the progress made at Randgold’s mentobaton center of the vast new Loulo Gounkoto complex.

On Monday we had the official opening of the Gounkoto mine in the presence of the government allegation led by the minister economy and finance. We used this occasion to have in depth discussions over several days with the senior government of ministers about the state of affairs in MALI and about the difficult situation in Northern MALI.

While we still expect the transition government to be reorganized shortly to provide a stronger unified approach to the return of democracy and to tackle the complicated northern problem, one message is very clear. The priority is not to reverse the economic progress of the past decade and to preserve the investment climate for the investors. In this context, it is a true pleasure to introduce a sparkling set of reserves to you today. Martin will shortly take you through the details of our performance in the quarter and the half-year when the sovereign state of and the group did well across the board.

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