1. Results for the quarter and year ended 31 December 2005
LSE
RRS
NASDAQ
GOLD

2. Highlights… Net profit more than doubles year on year to $41 million
Attributable gold production up 54% year on year at a total cash cost of US$211 / oz
Randgold Resources opens Loulo, its second new mine in 5 years
Loulo Underground Development scheduled to start this year
Morila ends year with strong performance
Resources added at both operations
Exploration expands opportunities across Africa
Balance sheet strengthened following a successful equity raising

3. Loulo Gold Mine …highlights
Phase 1 plant performance satisfactory – throughput, recovery and reagent utilisation have all met forecast levels
Randgold Resources’ project management team takes over ‘day to day’ management of the project from the contractor, MDM, meeting the challenge of:
practical completion of the Phase 1 circuit this quarter
putting the construction of the Phase 2 hard ore crushing circuit back on track
Operation of softer ore Phase 1 to be extended through:
processing of available soft ore stockpiles and ore to be mined
use of mobile crushing facilities to process transitional material
futher infill drilling to complete mine plan at P129 pit
Total Loulo resource increases to 9 million ounces

4. Loulo Gold Mine… operational results
Quarter and
12 mnths
ended
31 Dec 2005
Ore milled (t 000s)
Ore grade milled (g/t)
Recovery %
Ounces produced
Attrib. ounces produced
Cash operating costs (US$/oz)
Total cash costs (US$/oz)
551
4.5
94.3
67 984
54 387
137
165

5. Loulo Gold Mine… second mine in 5 years
Phase 1 plant operational performance
Tons milled
Recovery
250000
100 %
90 %
200000
80 %
70 %
150000
60 %
50 %
100000
40 %
30 %
50000
20 %
10 %
0 %
Sept
Oct
Nov
Dec
2005

6. Loulo Gold Mine… Phase 2 back on track
Phase 2 hard ore crushing circuit
Scheduled for completion during second quarter
Randgold Resources strengthens construction team
All crushers en-route to Loulo
Civils on critical path
Majority of structural steel on site

7. Loulo Gold Mine…U/G drilling continues to expand high grade zones
Yalea
deposit
1km
Loulo 0
P129
Yalea drill intersections
YDH222: 3.04g/t
YDH243: 2.3g/t
YDH245: 6.3g/t
YDH231: 6.5g/t
500m bs
YDH221: 4.39g/t
YDH232: 7.4g/t
YDH247: 6.9g/t
Incl. 8.8g/t
12.6g/t
and 11.9g/t
YDH233W: 6.9g/t
YDH191: 7.7g/t
YDH248:
8.3g/t
YDH230: 3.6g/t
incl. 5.4g/t
YDH246: 7.3g/t
incl 10.1g/t
>8 g/t
5-8 g/t
3-5 g/t
1-3 g/t
<1 g/t
Gold value
YDH237: 23.48g/t
YDH217: 8.5g/t
incl. 12.7g/t
YDH225: 3.9g/t
(partially faulted out)
YDH223: 8.31g/t
incl g/t
YDH190: 10.11g/t
and 5.47g/t

8. Loulo Gold Mine…
U/G development plans improved and extended on the back of additional project resources
Yalea Orebody:
Original U/G plan
Spiral decline
Truck transport
550m depth
550m BS
New U/G plan
Straight declines
Conveyor belt transport
Plus 550m depth
550m BS

9. Loulo LOM production forecast …a world class profile
Unscheduled Resources
Loulo 0 U/G
Yalea U/G
Loulo 0 O/C
Yalea O/C 50
100
150
200
250
300
350
400
450
5.5 g/t recovered
5 g/t recovered
Ounces
000’s
per
annum
2006 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
2023

10. Morila Mine… highlights
Morila produces oz of gold for the year exceeding earlier forecasts
Pays dividends of US$90 million to its shareholders
Extension drilling delineates additional resources
A m exploration programme currently underway within the 200km² lease area

11. Morila Mine… operational results
Quarter
ended
31 Dec
2005
Quarter
ended
30 Sept
2005
12 mnths
ended
31 Dec
2005
12 mnths
ended
31 Dec
2004
Ore milled (t 000s)
Ore grade milled (g/t)
Recovery %
Ounces produced
Attrib. ounces produced
Cash operating costs (US$/oz)
Total cash costs (US$/oz)
946
5.2
90.8
58 420
290
326
1 010
5.8
91.4
69 160
166
197
3 763
5.9
91.7
189
221
3 512
5.2
87.9
158
184

12. Morila Mine... Tonalite Extension Resources: N S Tonnes Mt 2005 Tonnes
Morila Pit N S
Tonalite
Extension
Resources:
Tonnes Mt
2005
Tonnes Mt
2004
Grade
g/t
2005
Grade
g/t
2004
Gold
Moz
2005
Gold
Moz
2004
Attrib.
Gold
Moz
Measured and
indicated
34.07
3.78
29.28
4.47
2.84
3.19
3.20
3.79
3.11
0.39
3.01
0.54
1.24
0.16
Inferred

13. Côte d’Ivoire…phased approach to restart field work
300km N
Tongon Deposit
Inferred Resource (Northern and southern zones):
g/t
Nielle
Boundiali
Southern Pit:
Potentially mineable
resource:
g/t (1.48 Moz)
6 year life
Capex: US$ 110m
Cash cost: US$
Feasibility
drilling
programme
Exploration
on other
permits
Initial field programme
with strategic
drilling
Reconstruction
of camps
October
elections

14. Exploration…expands opportunities across Africa
East Africa:
Tanzania N
West Africa:
Randgold Resources licences
JV licences
Sadiola
Mali
Burkina
Faso
Loulo
Nyabigena
Nyabirama
Buhemba
Kiabakari
Geita
Tulawaka
Bulyanhulu
Golden Ridge
Golden Pride
Lake VIctoria
Morila
Senegal
Syama
Lero
Siguiri
Ghana
Ahafo
Côte
d’Ivoire
Akyem
Bogosu
Obuasi
Prestea
Tarkwa
600km
Randgold Resources permits
10km

15. Loulo Project upside… Faraba
600m
26 holes drilled for a total of 3 385m. 13 results received with zones ranging between 29m and 92m grading between 1 and 3 g/t with higher inclusions of:
11.3g/t
6.4g/t
10km
Sitakily
Segala
Tabakoto
Loulo
Permit
Selou N
Loulo 0
P129
P64
Faraba
Yalea
Weathering depth
: -45mV
3.3g/t
2.15g/t
1.6g/t
with 2.0g/t
4.87g/t
6.43g/t
Faraba Main target
Faraba FARC004
drill section

16. Loulo Project upside… P64
P64RC06
1.67g/t
incl 1.81g/t
5.45g/t and
2.07g/t
10km
Sitakily
Segala
Tabakoto
Loulo
Permit
Selou N
Loulo 0
P129
P64
Faraba
Yalea
P64RC05
1.75g/t
incl 2.45g/t
2.64g/t
12.6g/t and
6.86g/t
280m
P64 target map and
RC results

17. Mali West…Loulo Region
Randgold Resources’ permits with satellite deposits and gold targets
Yatela
Sadiola N
Baboto
West
MALI
Baboto
PQ10
LOULO
REGION
Loulo 0
Sitakily
Loulo 1,2.3
P129
Yalea S
Etruscan
Sakola
Yalea
Segala
Axmin
Loulo
Permit
Tabakoto
Sitakily
P64
Loulo 0
Faraba
Segala
Yalea
Sinsinko
Randgold permits
Tabakoto
Selou
Permit
Boulandissou
SENEGAL
10km
25 km

18. Mali - Morila mining lease… upside resource potential
More definition
drilling at: N
Western
Margin
Morila
Mine
Morila
Pit
Samacline
Tonalite
Tactical Drilling
Programme
800m
6km

19. Southern Mali…another look at an exciting region
Morila Area
Field program involving leading consultants generating conceptual, ‘Morila Type’ targets for drilling in 2006
OMRD Permits
Pitting and mapping in progress on 11 targets with an aim to RAB testing robust anomalies in early 2006
Morila and Morila Area
Study of Hyperion satellite Hyperspectral data and ASTER data over Morila Mine and surrounding area with an aim to identifying spectral and structural signatures associated with mineralisation. N
Morila
Niame – 395 samples collected from 1km x 200m grid over sheared mafics and sediments. Results pending
Morila area and Birrimian of Southern Mali
Audit underway on RRL Geophysical data, processing and modeling with an aim to identifying new surveys and techniques
Syama
Kalana
Dieba/Kemogola – 1,318 samples collected from 1km x 250m grid. Results pending
Southern Mali
Comprehensive mineral intelligence and aggressive regional target generation to ensure continual supply of high quality targets to base of resource triangle.
Diosyan samples on two separate 1km x 200m grids were collected in November Results pending
Randgold
exploration permits

20. Senegal…prioritising drill targets and adding to portfolio
20km
Madina
Bambaraya:
New trench intersections
BBTR007: 1.67g/t
incl 2.26g/t
BBTR008: 0.3g/t. N
Makana JV
Miko
Makana JV:
A 200m by 50m soil sampling initiated at Makana JV East.
Partial soil sent to the lab for assays and results awaited
Kounemba
Kanoumering
Sofia:
Significant geochemical anomaly being evaluated
Permits under
application
Tomboronkoto

21. Burkina Faso…solid strategic footprint with a focus on exploration
Essakane
1.6g/t
Bouroum
1.1g/t
Taparko
2.6g/t
Samira
1.5g/t
Bombore
1.6g/t
Tanema
Nakongo
Youga
2.1g/t
Kaibo
Yibogo
Basgana
Kiaka N
30km
Regional Aeromagnetic Survey
Bourou
Kampala
Tiakane
BENIN
TOGO
GHANA
200km

22. Ghana…another round of exploration driven by our generative team
Nangodi West
Bole NE N
Bui Licence
Obuasi Mine
Ahafo Mine
Bibiani Mine
Akyem Mine
Chirano Mine
Damang Mine
JV with Central Goldfields
Tarkwa Mine
Randgold Resources’
licences
80km

23. Tanzania…strong land position with first ‘walk up’ drill target
Lake
Victoria
Mara Greenstone
Belt
Musoma
Greenstone
Nyabigena
50km N
Old Kiabakari Mine
Buhemba
Nyabirama
Kiabakari exploration licence awarded
Preliminary reconaissance drilling to commence at Kiabakari

24. Income Statement…a profitable business
Quarter
ended
31 Dec
2005
Quarter
ended
30 Sept
2005
12 mnths
ended
31 Dec
2005
12 mnths
ended
31 Dec
2004
US $ 000s
Gold sales
Profit from mining Depreciation
Explor. and corp. expenditure
Profit from operations
Interest, tax, rehab and other
Profit on sale of Syama
Gain / (loss) on fin. instruments
Net profit for the period
Attrib to: Minority interest
Equity shareholders
60 553
30 315
4 733
6 715
18 299
(5 873) -
12 426
2 349
10 077
31 000
17 059
2 275
4 993
9 225
(60) - 54
9 219
82 759
11 910
21 802
46 800
(5 967) - 54
40 887
2 349
38 538
73 330
35 850
8 738
15 529
10 262
(771)
7 070
2 232
18 793 -

25. Consolidated Balance Sheet… investing in our own future
31 Dec 2005 At
31 Dec 2004
Assets
US$ 000s
Cash and equivalents
Current assets Current liabilities
Property plant and equipment - net
Other long - term assets
82 394
(59 899)
30 428
78 240
39 799
(15 804)
20 568
Liabilities and Equity
Long-term debt
Deferred liabilities on financial instruments
Rehabilitation provision
Outside shareholders’ interest
in subsidiaries
Shareholders’ funds
Deferred income tax liabilities
49 538
34 151
9 480
3 878
1 227
40 718
15 448
3 701
1 621 -

26. Randgold Resources…
an independent gold business creating value through exploration, development and production
US$ 19 18
LSE: RRS
NASDAQ: GOLD 17 16 15 14 13 12 11 10
Feb
2005
Jan
2006

27. Disclaimer…
The presentation is not for distribution in, nor does it constitute any offer of securities for sale . Statements made in this presentation with respect to Randgold Resources’ current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management’s assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila, the development of Loulo and estimates of resources, reserves and mine life. For a discussion on such risk factors refer to the annual report on Form 20-F for the year ended 31 December 2004 which was filed in amended form with the U.S. Securities and Exchange Commission on 1 Nov 2005, as well as the prospectus filed on form F3 on the same date.. Randgold Resources undertakes no obligation to update information in this presentation.