1. Delivering growth with a focus on value…
Deutsche Bank BRICS Conference, November 2010

2. Building shareholder value…
Morila Mine, Mali
Loulo Open Pit Mine, Mali
Loulo- Yalea Underground Mine, Mali
Tongon Mine, Côte d’Ivoire
Value
Loulo- Gara Underground Mine, Mali
Gounkoto Development Project, Mali
Kibali Updated Feasibility, DRC
Massawa Feasibility, Senegal
Exploration Portfolio drives organic growth and value creation
Discovery
Development
Production

3. Randgold Resources...an African focused, integrated pure gold business
Loulo Mine..
destined to be the centre of mega mine complex
Gounkoto feasibility…
complete end 2010 and site establishment
in Jan 2011 !
Morila Mine continues to contribute to Group cashflow
Massawa
feasibility
makes progress
Kibali JV…start of construction targeted for 2011
Tongon Mine commissions

4. Randgold Resources…building a sustainably profitable gold business
Quarter
ended
30 Jun
2010
Quarter
ended
31 Mar
2010
Quarter
ended
30 Jun
2009
6 months
ended
30 Jun
2010
6 months
ended
30 Jun
2009
US $ 000s
Gold sales *
Total cash costs*
Profit from mining activity*
Exploration and corporate expenditure
Profit before income tax and financing activities
Profit for the period
Profit attributable to equity shareholders
Net cash generated from operations
Cash and cash equivalents
Attributable production**(ounces)
Group total cash costs per ounce** *(US$)
Group cash operating costs per ounce** *(US$)
62 466
40 945
10 137
26 314
36 369
34 376
40 966
93 880
665
604
69 529
53 574
12 854
29 110
23 894
18 749
18 733
617
553
58 089
45 537
12 787
26 477
18 924
14 946
17 541
477
428
94 519
22 991
55 424
60 263
53 125
59 699
644
581
82 650
23 823
48 240
32 016
25 998
45 853
469
421
* Refer to explanation of non-GAAP measures provided in the published quarterly report
** Randgold Resources consolidates 40% of Morila and 100% of Loulo

5. Morila Mine…still paying dividends
Quarter
ended
30 Jun
2010
Quarter
ended
31 Mar
2010
Quarter
ended
30 Jun
2009
6 months
ended
30 Jun
2010
6 months
ended
30 Jun
2009
Ore milled (t 000s)
Ore grade milled (g/t)
Recovery %
Ounces produced
Cash operating costs* (US$/oz)
Total cash costs* (US$/oz)
Stockpile adjustment# (US$/oz)
Attributable (40%):
Gold sales (US$000)*
Profit from mining activity* (US$000)
1 110
1.8
90.6
58 736
584
658
262
23 495
28 973
13 262
980
2.2
91.0
62 594
504
569
185
25 038
27 166
12 914
1 089
2.7
91.7
86 061
408
463 88
34 424
31 667
15 730
2 090
2.0
90.8
543
612
230
48 533
56 139
26 176
2 142
2.9
92.0
368
423 29
73 911
67 317
36 061
* Refer to explanation of non-GAAP measures provided in the published quarterly report
# The stockpile adjustment per ounce reflects the charge expensed/(credit deferred) in respect of stockpile movements during the period divided by the number of ounces produced. The total cash cost per ounce include non-cash stockpile adjustments.

6. RRL…a dominant position in a world class terrain with significant new infrastructure being developed
5 Km
MALI
Faraba
P64
Loulo 3
Loulo 1
Baboto
Loulo
Kolya
Bena
Bambadji
Dalema
Loulo 2
SENEGAL
Gara
Yalea
Mananord
Gounkoto
Toronto
Mali
Senegal N
Massawa
discovery
Northern Zone
Loulo
district
Central Zone
MALI to
Dakar
Millenium
Highway
Miko
Kanoumba
Loulo
SENEGAL
Saraya
1000m
Tomboronkoto
Dalema
Bena
Kedougou
Bambadji JV
Randgold Resources
permits
100 Km

7. Loulo mine…focussed on delivery
Quarter
ended
30 Jun
2010
Quarter
ended
31 Mar
2010
Quarter
ended
30 Jun
2009
6 months
ended
30 Jun
2010
6 months
ended
30 Jun
2009
Ore milled (t 000s)
Ore grade milled (g/t)
Recovery %
Ounces produced
Cash operating costs* (US$/oz)
Total cash costs* (US$/oz)
Gold sales* (US$000)
Profit from mining activity* (US$000)
712
3.4
91.4
70 385
610
668
74 438
27 683
794
3.7
93.1
87 625
567
631
95 937
40 660
699
5.0
78.0
87 261
435
483
71 959
29 807
1 506
3.5
92.2
586
647
68 343
1 384
4.4
82.3
446
491
46 589
Refer to explanation of non-GAAP measures provided in the published quarterly report
Randgold owns 80% of Loulo with the Government of Mali owning 20%. The Government’s share is not a free carried interest. Randgold has funded the Government portion of the investment in Loulo by way of shareholder loans and therefore controls 100% of the cash flows from Loulo until the shareholder loans are repaid.
Randgold consolidates 100% of Loulo and shows the non-controlling interest separately.

8. Loulo Mine…Yalea UG update
YALEA PIT
P125 PIT
028L Stoping
038L Stoping
013L Stoping
038L Incl FW Dr S
013L Stoping
038L Stoping
113L Access
038L S/D N
063L S/D N & S
Q m development completed and g/t hauled to surface
088L Access
Declines have advanced to 1793m from surface and a vertical depth of 304m
Development
PURPLE PATCH
Qtr
Qtr
Focus on ventilation and 38 Level crushing

9. Loulo Mine…Gara UG update
Portal development commenced and a total development of 265m now completed
GARA PIT
First development ore planned for end Q4

10. Gounkoto project…another world class discovery
Progressing feasibility study for completion at the end of Q4 2010
Environmental, social and health base line studies complete
EIA compilation complete and filed
Public Participation Process completed
Encouraging drill results at base of current pit design yield potential for more reserves and resources
Metallurgically uncomplicated, with significant presence of gravity recoverable gold, but ore is hard
Options for development are being evaluated with a focus on synergies offered by the Loulo operation to Gounkoto

11. Gounkoto…latest drill results highlight potential for additional in pit reserves
GKDH019
g/t
GKDH038
2.43g/t
GKDH219
4.92g/t
GKDH212
g/t
GKDH132
3.14g/t
GKDH184
4.12g/t
Pit (US$700/oz)
-300m
GKDH021
g/t
GKDH200
8.05g/t
GKDH075
g/t
GKDH220
g/t
GKDH106
g/t
GKDH271
g/t
GKDH203
g/t
GKDH087
6.51g/t
GKDH092
g/t
GKDH098
g/t
Grade g/t
0.5 – 1
1 – 3
3 – 5
5 – 10
10 – 20
Mineral Reserves
Mineral Resources
probable
meas & ind
inferred
500m
g/t
g/t
g/t

12. Senegal…Massawa feasibility project update
Feasibility study well advanced
Environmental, health and social baseline studies have been completed for inclusion in the environmental impact assessment
Two distinct metallurgical domains confirmed by gold deportment study
A dedicated metallurgical drilling programme has been completed
Completion of feasibility will be pushed out to 2011 to allow time for testwork on the pressure oxidation method of releasing gold from sulphides
Alternative power generation options are being explored to support the pressure oxidation process

13. Total mineral resource of 3.01Moz @ 3.96g/t
Massawa…significant satellite targets highlight potential for additional resources with less complex metallurgy
DELYA
SOFIA
DLTR003: 9.6g/t
DLTR005: 7.5g/t
6.39g/t
DLRAB030: 6.65g/t
DLDDH002: 5.42g/t
DLDDH004: 4.81g/t
TINA
BAKAN
SFRC001: 2.97g/t
incl
SFRC007: 3.87g/t
incl 8.9g/t
SFRC008: 2.94g/t
incl 9.52g/t
SFRC009: 3.58g/t
incl 7.67g/t
TNTR002: 1.15g/t
TNTR003 : 1.22g/t
BKTR002: 1.6g/t
BKTR006: 1.68g/t NE
MIKO
KANOUMBA PERMIT
TIZIA N
26.4Km
KAWSARA
KC3D: 4.8g/t
KC6D: 1.5g/t
KC8D : 1.7g/t
KC9D : 1g/t
MASSAWA
Total mineral resource of 3.96g/t

14. RRL…Extending our footprint in West Africa
Morila Gold Mine
WEST AFRICA N
Senegal
Mali
MALI
Burkina Faso
Côte
d’Ivoire
Ghana
CÔTE
D’IVOIRE
Tongon Gold Mine
Randgold Resources
permits

15. Tongon…Randgold Resources’ third mine takes shape in Côte d’Ivoire

16. Trench SWT009: 30m @ 0.20g/t, 3.5m @ 0.96g/t
Tongon…electromagnetic survey contributes to our search for additional resources N
NAFOUNGOLO
Nielle
Boundiali
Dabakala
Mankono
Appouasso
Dignago
Diaouala
KOKORIKO
SOMAVOGO
ZELENIOGOLOVOGO
LAZINI N
SENNINVOGO
KORO
DABOKIRI
SEYDOU WEST RAB
0.62g/t
0.52g/t
0.81g/t
0.37g/t
0.74g/t
incl 2.30g/t
2.31g/t
Trench SWT009: 0.20g/t, 0.96g/t
JUBULA
SOUNDOZANA
VOGO
COUCAL
TONGON W
15km radius
DJINI
Tongon
BELOKOLO
NAFOUN
KOULIVOGO
TIEBILA EAST
137km
SEKALA AIR CORE
2.18g/t
1.11g/t
0.18g/t
0.54g/t
0.16g/t
1.62g/t
Senoufou Belt: key results
MAMAGOU
DJOUGOUBLE
TCHELEGAHA
OUBOLO

17. Kibali…a new project in another world class terrain
DRC
Bulyanhulu
North Mara
Geita
Mara
Goldfields
Tulawaka
Buzwagi
Golden Pride
Southern Lake Victoria Goldfields
TANZANIA

18. DRC…Kibali gold mine project update
Project development has made excellent progress and construction now targeted for mid 2011
Completion of Phase 1 of the Doko-Aru road has improved site access from Uganda and has had an immediate positive impact on prices of basic household goods
Closure of the Okimo artisanal workings over the main KCD and Sessenge deposits has been completed
A successful social relocation programme remains critical for commencement of the project
Development of the strategy for affordable and adequate hydro power supply is progressing
Feasibility study is being updated with optimisation of open pit and underground operations, finalisation of mining plans and sizing of processing plant key aspects planned for completion by year end

19. Kibali…drilling confirms continuity between orebodies and highlights extensions with potential for additional resources
Sessenge
pit
KCD pit
800m
Sessenge
lodes
DDD470
3.12g/t
DDD484
3.92g/t
DDD485
6.65g/t
DDD486
9.06g/t
Mineral Reserves
Mineral Resources
probable
meas & ind
inferred
g/t
g/t
g/t

20. Kibali…a world class gold mining and infrastructural project
KIBALI MINE: REVISED PROJECT SCHEDULE
construction, commissioning and production
Project Phases
2010
2011
2012
2013
2014
Project development and planning
Resettlement and site clearing
Pre-construction
Main site construction
Plant and infrastructure construct
Start up

21. Randgold Resources boasts a robust project portfolio with tangible growth potential
Moz
Tongon
Morila
mine
Moz
Loulo
mine
Moz
Reserve
Definition
Gounkoto
Moz
Moz
Kibali 1 2 8 7
Meas & Ind
Resources 1 1
Inferred
Resources 1 5 5
Massawa
Moz
Advanced
Targets 3 1 5 3
Follow-up
Targets 10 13 11 3
Reserves
Resources
Identified
Targets 4 10 31 4
Regional
Exploration 31 55 44 4 9
Cote
d’Ivoire
Burkina
Faso
Total = 272
Senegal
Mali
DRC

22. Randgold Resources…growing mineral reserves and resources remains a key focus
Reserve and resource growth per share
Total Reserves & Resources as at 31 Dec 2009
Mineral Reserves
Mineral Resources
P&P
M&I
Inf
23.45 (15.56 attrib) 3.92 g/t
31.79 (20.64 attrib) 3.58 g/t
10.78 (6.69 attrib) 3.35 g/t
Resource oz per share
Reserve oz per share

23. Randgold Resources…focussed on growing our business profitably
Forecast attributable production (Moz)
PROJECTS:
Gounkoto (80%)
Massawa (83%)
Kibali (45%)

24. Disclaimer…
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release 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 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 (including Kibali) to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of Randgold and Moto, 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 the section entitled “Risk Factors” in Randgold’s annual report on Form 20-F for the year ended 31 December 2009 which was filed with the US Securities and Exchange Commission (the “SEC”) on 31 March 2010, in the section entitled “Risk Factors” in Randgold’s prospectus published on 30 November 2009 in relation to the indirect acquisition of 10 per cent of the issued capital of Kibali Goldmines SPRL.  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.