Tongon Back in Business after Lock-Out Lifted

Jersey, Channel Islands (FSCwire) - Operations at Randgold Resources' Tongon gold mine returned to normal today after management lifted the lock-out imposed on workers after a protracted illegal strike.

Negotiations between management, workers, community leaders and the government created an agreement under which workers are being re-employed in phases aligned to the start-up of the mine's various sections.  The agreement also stipulates that the previous discussions, aimed at finally ending the occasional industrial unrest at the mine, should be resumed where they were interrupted by the strike in July.

During the lock-out period, management, senior employees and a skeleton crew prepared Tongon for resumed production by servicing the processing facilities, including relining the mills, as well as maintaining the tailings storage facility and access to the two open cast operations.

The mine is now fully operational and the phased return of the full employee complement is expected to be complete by the weekend, but the work stoppage has necessitated a revision of its previous production guidance for the year which is now estimated at 230 000 ounces of gold.

Please click on or paste the following URL into your web browser, to view the full announcement;

http://www.rns-pdf.londonstockexchange.com/rns/8350Z_1-2018-9-5.pdf

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Website: www.randgoldresources.com 

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