A world class business by any
measure…
our flagship Loulo-Gounkoto
complex continues to deliver
Mali
Côted’Ivoire
Senegal
Democratic Republic of Congo
Massawa Feasibility
Project, Senegal
Equity 83%
Total Reserves 2.0Moz
Total Resources 4.7Moz
Loulo-Gounkoto Mine
Complex, Mali
Equity 80%
Loulo:
Total reserves 4.9Moz
Total resources 9.2Moz
Gounkoto:
Total reserves 3.2Moz
Total resources 4.6Moz
Loulo-Gounkoto
2014 production 639 219oz
Morila Gold Mine
Mali
Equity 40%
Total reserves 0.3Moz
Total resources 0.5Moz
2014 production 110 272oz
Kibali Gold Mine
DRC
Equity 45%
Total reserves 11Moz
Total resources 20.4Moz
2014 production 526 627oz
Reserves and resources as at 31 Dec 2014
Tongon Gold Mine
Côte d’Ivoire
Equity 89%
Total reserves 2.2Moz
Total resources 3.7Moz
2014 production 227 103oz
Overview…
Fiscal parameters summary…
Royalty on gold sales
6% 6%
Corporate tax rate
30% 30%
Corporate taxMinimum
0.75%of revenue
0.75%of revenue
Corporate taxHoliday
5 years2000-2005
from first production
2 years 2011-2013
can extend on further investment
from first production
Import dutyholiday
3 yearsFuel and lubricants exempted for LOM
3 yearsFuel and lubricants exempted for LOM
Dividend withholding tax
none none
State participation
20%State participation
Not free
20% financed by RRL
10% preferreddividend
Tax stabilisation
Indefinitevalidity of convention
Indefinitevalidity of convention
PARAMETERS LOULO GOUNKOTO
Discovery and development of… Loulo-Gounkoto Complex
1996BHP Mali acquired
Gara resource – 659koz
Yalea discoveryresource -
2003Updated feasibility studyTotal reserve 1.28Moz
2004Construction begins
on Loulo mine
2005Loulo mine
opening
Loulo UG feasibility approved
2014
2005
Loulo UG development starts
2006
Yalea UG first gold
2008
Gounkoto discoveryresource -
2009Gounkoto incorporated as separate
company
2010
Gounkoto first gold from open pit
2011
GounkotoFirst dividend paid
to shareholders
2012Gounkoto
UG feasibilitycommences
Production exceeds
600 000oz
Gara UG first gold
2011
1997
2014Loulo plant expansion
2015
Loulo UG change to
owner miner
Loulo-Gounkoto...organogram
GM Complex
Tahirou Ballo
Financial& AdminDaoudaDembele
HumanResources
Samba Diallo
Health &Safety
Dr MamaKanta
Security
HarryJooste
ProcessingAbdoulaye
Kone
Engineer-ing
AbbasCoulibaly
MineralResourcesOusmane
Traore
Environment/Community
Hilaire BDiarra
UG Mining
MahamadounCisse
Open pitMiningModibo Traore
SupplyChain
Zoumana Gakou
COO – West Africa
Chiaka Berthe
Safety and health…
Loulo-Gounkoto…safety, health and environment
Fresh water/ore
milled m3/tonne
m3
Malaria incidence
rate
LTIFR
0
0.5
1
1.5
2
2011 2012 2013 2014 2015
0
0.5
1
1.5
2
2011 2012 2013 2014 2015
0
1
2
3
2011 2012 2013 2014 YTD2015
0
1
2
3
2011 2012 2013 2014 YTD2015
0
20
40
60
80
2011 2012 2013 2014 YTD2015
0
20
40
60
80
2011 2012 2013 2014 YTD2015
Proactive management of health and safety risks
Workshop held with PNLP and Partners for eradicating malaria
No major environmental incidents reported
Agribusiness school launched
CN Management code compliance at 87%
Both operations are certified OHSAS 18001: 2007 and ISO 14001:2004
Improved natural resources management – BAP implemented at 85%
Ebola outbreak addressed through an integrated prevention programme
Loulo Gounkoto
Mineral resources…
Yalea deposit…
<0.7 g/t
0.7 - 3.0 g/t
3.0 - 4.0 g/t
4.0 - 8.0 g/t
> 8.0 g/t
Planned drilling
2.7km
90
0m
2003 2014
Reserves…..2.9Moz @ 5.82g/t
Resources…5.4Moz @ 4.97g/t
NN
Previously drilled intercepts
Planned drilling
Gara deposit…
1.8km
75
0m
2003
<0.5 g/t
0.5 - 3.0 g/t
3.0 - 5.0 g/t
5.0 - 8.0 g/t
> 8.0 g/t
2014
Reserves…..1.5Moz @ 4.15g/t
Resources…2.65Moz @ 3.80g/t
NN
Gounkoto deposit…
High grade open at depth,
new targets down
plunge of controlling structures
P64
Open
MZ4
MZ3
extension
open
GKDH43225.55m @ 0.75g/t
P64GCRC140
33m @ 6.61 g/t
P64MZ3
MZ1
MZ2
Gold g/t
>8g/t
5–8g/t
3–5g/t
1–3g/t
0.5-1g/t
Reserves….. 2.93Moz @ 4.79g/t
Resources… 4.2Moz @ 4.3g/t
P64GCRC031
59m @ 4.05 g/t
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Gounkoto UG Feasibility Completed:
Updated UG mine design
Reserve: 1.07Moz @ 7.20g/t
Resource: 1.95Moz @ 5.73g/t
Potentially starting decline in 2018 and then full production when pit completes in 2020
Extends Loulo-Gounkotoplan to achieve close to 600koz for 10 years
Low capital design
Decline from pit
CAF plant on surface
No underground crushing
Vent raises to hole into the pit
Gounkoto…super pit option study
UG
Infrastructure
MZ2 MZ3
2.85 to 4.02 (FOG, MG)
Legend Assay
Grade (Au in g/t)
1.36 to 2.85 (MO)
>= 8 (FGO, VHG)4.02 to 8 (FGO, HG)
< 0.9 (Waste)0.9 to 1.36 (MW)
Propose DDH Priority1
Propose DDH Priority2, edge effect reduction
Propose AGC Priority1
Indicated Surface
Current Pit 11Dec152016 LOM Pit$1000/oz Super Pit
N
445Kt @ 3.56g/t of inferred resources to be converted into indicated
Underground mining…
Successful owner mining transition with world class underground mining standards…
Refrigeration Plant Construction Site New Sandvik Loader
Equipment Simulator Exhaust Primary Ventilation Fan
0
50
100
150
200
250
Oct-15 Nov-15 Dec-15
Gara UG Yalea UG
Loulo UG mining shows a steady improvementfrom transition period to full owner mining…
Yalea and Gara achieved production in Q4 2015
Ore
Tonnes
min
ed
k T
onnes
Contractor miner - last month
Transition period
Full owner mining
Loulo…mining
A combination of
transverse and
longitudinal longhole
stoping mining method
is used at Yalea, and
longitudinal longhole
stoping at Gara
2.1
2.2
2.3
2.4
2.5
2.6
2.7
Yalea Gara
Tonnes million
Developed reserves
Exhaust raise down
to 135L currently
under developmentChilled air
raise to 260L
Intake raise
from the pit
Vehicle decline and
conveyor decline act
as intakes
Central decline
and access to
the north act as
intakes
Secondary
egresses
including link
drives
Chilled air raise on
260L split to
service south and
central decline
Exhaust
raises
connected
level to
level
Exhaust raises
connected level to
level
Secondary vent raises N
and S to be
incorporated in both
declines below mined
out area after approval
Gara…life of mine ventilation system
Proposed chilled
air intake yet to be
mined to 233LExisting exhaust
raise North to
208L
Existing exhaust
raise South to
208L
Proposed exhaust
raise for the South
upper a lower
Twin exhausts for
the south upper
Exhaust
for south
lower
Chilled air
intake to the
south
Intake to south
upper on 108L
Link drive taking
chilled air to south
lower from central
decline
Air from chilled air
intake split to North,
Central and South
declines respectively
All declines act as
intakes
Exhaust raises
Secondary
Egresses
including link
drives Intake chilled
air raise bore
to the south
Drive parallel to
drive under the
dyke to be used as
exhaust
Parallel drive to be
used as intake to
further south decline
Yalea life of mine ventilation system…
Processing…
Processing 2015 achievement…throughput ramp-up on track
1000
1050
1100
1150
1200
2015 2015 2015 2015
31-Mar 30-Jun 30-Sep 31-Dec
Quarter ended Quarter ended Quarter ended Quarter ended
Loulo-Gounkoto processing plant throughputt 000
actual
forecast
Processing 2015 achievement…recovery ramp-up
87
88
89
90
91
92
93
2015 2015 2015 2015
31-Mar 30-Jun 30-Sep 31-Dec
Quarter ended Quarter ended Quarter ended Quarter ended
Loulo-Gounkoto processing plant recovery (%)%
actual
forecast
Processing 2015 achievement…additional capacity - KILN 1100
Sharp decrease in dissolved losses
Installation of de-watering screen
KILN 1100
0.018
0.0080.000
0.005
0.010
0.015
0.020
0.025
0.030
0.035
1-D
ec
3-D
ec
5-D
ec
7-D
ec
9-D
ec
11
-De
c
13
-De
c
15
-De
c
17
-De
c
19
-De
c
21
-De
c
23
-De
c
25
-De
c
27
-De
c
29
-De
c
31
-De
c
Au,
ppm
Dissolved losses (Au, ppm) Impact of new KILN
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Processing 2015 achievement…additional capacity - HPGR/Scat crusher
Impact of scats reprocessing. Monthly 15Kt at 5g/t giving 2 194oz additional gold
Feeding point
Steel balls
removed (magnet)
HPGR
(scats crusher)
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2015 processing achievement…
Elution upgrade Q2 2016
Increase elution efficiency and drop gold inventory anytime it is required
Additional benefit is the drop in CIL circuit dissolved losses
Simplified metallurgical flow sheet…
Smelt-house
Primary
Mill
Stockpile
Elution
Secondary
Crushing
SOFT ORE
PRIMARY
CRUSHER
Conveyor
CIL Tank Farm
Cyclones
Knelson
Concentrators
Mineral
Sizer
Eluate
Gravity
concentrate
TAILINGS DISPOSAL DAM
8km
Upgraded
pipeline
Gold Bullion
Thickener and Clarifier
Accounting Sampling points
Regrind
Mills
Stockpile
Ball Mills
Ball Mills
Primary Mill
KILN
Intermediate Plant
Yalea and Gara
Paste PlantTertiary
Crushing
Engineering and capital…
Engineering and capital…achieved in 2015
Upgraded Gravity Circuit
Install EKATO agitators ahead of the leaching for better oxygen
distribution
Upgraded Regeneration Circuit (additional 1100 kiln
commissioned)
Implemented temporary solution for the mine medium voltage
distribution system
Replaced aging CAT 3512B high speed diesel generators after
10 years in operation
Project 2015…MV buildingimprovement in power stability
Focus 2016…
New medium voltage switching, control and power management system
Additional 2 medium speed generators (12 CM32) of 10 MW for UG refrigeration plants at Gara and Yalea
Elution circuit upgrade to improve gold stripping
Commissioning of Yalea underground crushing and conveying systems
Procurement…
Supply routes to West Africanoperations…
Dakar
MassawaLoulo
Gounkoto
Morila
Tongon
Abidjan
Abidjan to Tongon
Abidjan to Morila
Dakar to Loulo-Gounkoto
625 km
800 km
1000 km
500 km
Supply chain achievements in 2015…
Total stock value growth restricted to $1.8 million (i.e. 3.7%) despite takeover of owner mining spares from AUMS, and expansion of spares holding for backfill equipment
Owner mining – of the $12 million stock held by the contractor for underground mining only $3.5 million was taken over by Somilo after careful analysis of requirements
Cement for backfill – changed from CPA 42.5 to CPJ 32.5 and re-negotiated prices resulting in a total saving of $2.2 million per annum, plus another saving of $600k on reduced transport rates
Deferred payment agreements reached with suppliers of steel balls, conveyor belting, roof support and ventilation ducting (effectively payment is now after consumption)
Vendor Managed Inventory organised for Sandvik spares, Toyota spares and PPE safety wear ($3.5 million spares held by suppliers and not Somilo)
Takeover of UG mining including supply of spares allowed for re-sourcing of suppliers and renegotiation of prices with the following results:-
reduction of 40% on hydraulics prices
reduction of 18% on ground support prices
reduction of 11% on drilling consumables prices
reduction of 20% on ventilation piping prices
An additional 30% reduction on lubricant pricing was negotiated
Reagents pricing was again adjusted during 2015 – see table below
History of reagent pricing
(negotiaterd prtces)
Base price
(PO price
2012)
Base price
(PO price
2013)
Base price
(PO price
2014)
Base price
(PO price
2015)
% diff
2012 to
2015)
Loulo
Hydrachloric acid 32%-HCL
Hydrated lime
Hydrogen peroxide 60%
Steel balls
Lead nitrate 99%
Cyanide
Activated carbon
$295
$485
$615
$1 053
$2 100
$3 370
$3 373
$295
$485
$610
$1 014
$2 205
$3 300
$3 100
$295
$467
$522
$1 014
$2 050
$2 769
$2 375
$238
$467
$522
$724
$2 050
$2 300
$2 300
-19%
-4%
-15%
-31%
-2%
-32%
-32%
Achievements 2015…
Opportunities…supply chain focus in 2016
Investigation and possible implementation of quick lime instead of hydrated lime with an overall saving on expenditure of approximately 20%
Use of local vendor for quicklime with a potential saving of approximately 10%
Switch of cement source to closer supplier with a potential saving of $600 000per annum
Restrict total stock value growth to less than 3% (despite need to stock up with new spares for new regeneration kiln, new elution system, new underground refrigeration system)
Identify procurement presently through middleman, identify manufacturers and maximise procurement directly from manufacturers – target saving of $1.7 million
Evaluate opportunities to further grow local spend (> $110.7 million of 2015– local purchase orders), set objectives and monitor implementation
Financial results…
Loulo-Gounkoto complex…operating results
30 Sep
2015
31 Dec
2014
31 Dec
2013
Mining
Tonnes mined (000) 22 912 27 025 33 188
Ore tonnes mined (000) 3 410 4 539 5 165
Milling
Tonnes processed (000) 3 358 4 396 4 463
Head grade milled (g/t) 4.6 5.0 4.6
Recovery (%) 89.5 90.2 88.4
Ounces produced 447 468 639 219 580 364
Ounces sold 449 314 631 124 587 550
Average price received ($/oz) 1 172 1 267 1 376
Cash operating costs* ($/oz) 641 597 621
Total cash costs* ($/oz) 712 672 704
Gold on hand at period end# ($000) 6 987 9 708 -
Profit from mining activity* ($000) 206 882 375 293 394 633
Gold sales* ($000) 526 574 799 718 808 311
Refer to Q3 2015 quarterly report for footnotes
9 months ended 12 months ended
Loulo standalone operating results…
9 months ended 12 months ended
30 Sep
2015
31 Dec
2014
31 Dec
2013
Mining
Tonnes mined (000) 1 989 2 819 4 251
Ore tonnes mined (000) 1 930 2 699 2 541
Milling
Tonnes processed (000) 1 983 2 711 2 432
Head grade milled (g/t) 4.6 4.9 4.5
Recovery (%) 89.5 90.1 88.0
Ounces produced 261 728 382 263 308 420
Ounces sold 263 952 376 490 312 748
Average price received ($/oz) 1 173 1 264 1 397
Cash operating costs* ($/oz) 701 637 692
Total cash costs* ($/oz) 771 713 776
Gold on hand at period end# ($000) 3 967 6 922 -
Profit from mining activity* ($000) 105 896 207 496 194 190
Gold sales* ($000) 309 509 475 861 436 950
Refer to Q3 2015 quarterly report for footnotes
Loulo…5 year plan
0
1
2
3
4
5
6
7
8
9
10
0
100
200
300
400
500
600
2014 2015 2016 2017 2018 2019
Actual production Capex Grade Total cash cost/oz
ProductionOz 000
Gradeg/t
Grade g/t
Total cash cost/oz
Capex $m
Cash cost$/oz 00
Capex$m
*To be updated with Q4 2015 results on 8 February 2016
Gounkoto standalone…operating results
Refer to Q3 2015 quarterly report for footnotes
30 Sep
2015
31 Dec
2014
31 Dec
2013
Mining
Tonnes mined (000) 20 922 24 206 28 936
Ore tonnes mined (000) 1 480 1 841 2 624
Milling
Tonnes processed (000) 1 375 1 686 2 032
Head grade milled (g/t) 4.7 5.3 4.7
Recovery (%) 89.4 90.2 88.8
Ounces produced 185 741 256 957 271 943
Ounces sold 185 361 254 634 274 802
Average price received ($/oz) 1 171 1 272 1 351
Cash operating costs* ($/oz) 556 537 541
Total cash costs* ($/oz) 626 613 622
Gold on hand at period end# ($000) 3 020 2 786 -
Profit from mining activity* ($000) 100 986 167 797 200 444
Gold sales* ($000) 217 065 323 857 371 361
9 months ended 12 months ended
Gounkoto…5 year plan
0
1
2
3
4
5
6
7
0
100
200
300
400
500
600
700
800
2014 2015 2016 2017 2018 2019
Production Total cash cost/oz Capex Grade
Gradeg/t
Grade g/tTotal cash cost/oz
Capex $m
ProductionOz 000
Cash cost$/oz
Capex$m
*To be updated with Q4 2015 results on 8 February 2016
Loulo-Gounkoto…5 year plan
0
1
2
3
4
5
6
7
0
100
200
300
400
500
600
700
800
2014 2015 2016 2017 2018 2019
Actual production Total cash cost/oz Capex Grade
Grade g/tTotal cash cost/oz
Capex $m
Gradeg/t
Productionoz 000
Cash cost$/oz
Capex$m
*To be updated with Q4 2015 results on 8 February 2016
Exploration…
Legend
Exploration Target
Deposit / Resource
50 ppb Au soil contour
Faleme Mafic Suite
Iron SkarnLimestone
Conglomerate
Loulo… a world class destination
Gara Exploration
+600 000oz @ 4.5g/t
potential (sectional)
Yalea Ridge South
Drilling confirms model.
Small oxide potential
Ironhill
Skarn and Orogenic
models, complex regolith
Gara Conversion
Grades lower than
expected from BM
Gara
P129
Baboto
Loulo 2
Loulo 3
P125
Yalea
Baboto North
New Jog Model
Integrated Mapping
Five regional structures,
deep seated intrusives, new
models generate 56 areas of
interest
Yalea HW Zone
Potential 50Koz @ 4g/t
Yalea Exploration
High Grade UG potential
Gara South
Drilling confirms new fold
model, follow-up in 2016
2km
Loulo – Gara…potential for additional +600 000oz, +4 years LOM
L0CP203
13.85m@ 0.1g/t
L0CP202
9.35m @ 0.79g/t
Inc. 1.15m @ 6.07g/t
L0CP193
16.6m @ 0.1g/t
L0CP204
13.25m @ 0.22g/t
L0CP198
9.55m @ 6.09g/t
Inc.4.65m @ 12.23g/t
L0CP197
3.7m @ 6.16g/t
L0CP195
3.8m @ 7.44g/t
L0CP196
14.9m @3.3g/t
Inc.5.35m @ 5g/t (FW)
3.15m @ 6.38g/t (HW)
Central Conversion Area
L0CP201
Zone 1: 15.6m @ 1.17g/t
Zone2: 3.55m @ 7.78g/t
Inc. 1.59m@ 14.15g/t
L0CP200
2.9m @ 4.8g/tL0CP190
5.86m @ 2.67g/t
L0CP211
Expected
Zone 1: 17.85m @ 2g/t
incl 5m @ 5g/t
Zone 2: 4.3m @ 4g/t
Gold g/t
>8g/t
4–8g/t
3–4g/t
0.5–3g/t
<0.5g/t
N
200m
L0CP199
14.25m @ 4.41g/t
incl 5.9m @ 7.9/t
L0CP194
6.37m@ 12.96g/t
L0CP208
9.75m @ 3.22g/t
Q3 drill results
Drilling in progress
Main down dip ext. to south
Target area
Main South Ext
Limit of resource
Gold g/t
>8g/t
4–8g/t
3–4g/t
0.5–3g/t
<0.5g/t
YDH270
11.05m @ 2.02g/t
Incl. 3.18 @ 4.81g/t
Yalea
North
Purple Patch
Intersection
(Yalea Structure)Dip Change
(Yalea Shear)
YDH269
10.7m @ 4.6/t
YaDH20
2.95m @ 5.72g/tYDH259
6.95m @ 6.02g/t
YaDH17
5.2m @ 0.18g/t
YaDH12
4.33m @ 3.38g/t
YaDH14
7.6m @ 0.2g/t
YaDH18
10.61m @ 5.31g/t
Yalea North
Exploration
Target
YDH272
(In progress)
YDH271
2.95m @ 4.45g/t
(June 2015_BM)
YDH277
Expected
Zone 1: 13.3m @ 3g/t.
Incl. 3.6m @ 5g/t.
Zone 2: 11.86m @ 3g/t.
Incl. 3.66m @ 8g/t.
Exp Drilling (completed)
Exp Drilling (planned) Conversion Drilling
Drill Result (2015) Yalea South Exploration Target
Open
Multiple structurally controlled targets, remain open down plunge
60o dip
80o dip
Loulo – Yalea…potential for additional upside
N
400m
Target generated from re-logging 23 holes and revising the geologic model.
Geologic Model:
Yalea Shear is anastomosing,
more than one mineralised zone.
HW min. flanks competent si-alb
lens (strain partitioning).
N Flitch -358 RL
Yalea
Shear
wireframe
HW Min
Zone
wireframe
UG
Access
150m
Longsection:
Yalea HW zone (new)…potential 50,000oz @ 4g/t
HW Min. Zone
Pierce points
(previous drilling)
Limit of
Purple Patch
Av. True
Width 4.5m
Planned
DrillingUG
Development
HW Min Zone:
50Koz. @ 4g/t
UG
X-cut
Yalea Ore
Wireframe
HW Min.
Zone
Si-Alb
Lens
100m
50m
50m
N
NStrike length 530m
Lithology
Int. Intrusive
Limestone
Breccia
Sandstone / Wacke
Structure
Bedding form line
Cleavage form line
Shears
Gounkoto Project
Updated Geology30 – 99 ppb
100 – 6221 ppb
Au in Soil
Gounkoto
Resource
Gounkoto…exploration opportunities
N
1000m
Gounkoto MZ1 UG
Limited UG potential
P64W
ADGC drilling confirms new
model, add to mine plan.
HG intersections incl:
24m @4.43g/t
33m @ 6.61g/t
Toronto
15 RC holes (1 169m),
results are low grade.
Toronto South
Weak intercepts from
drilling blind dilational jog.
Target removed.
Greenfields
Mine flexibility targets, 2
prioritised, 6 handed over
to MR team.
Target Generation
28 areas of interest (AOI)
identified.
Saprock Geochemistry
Blind targets identified
(Namilla, GKS, Minan).
6
P64 West: open at depth
100RL
NE Structure Long-section: Alteration & Gram.Metre (looking NW)
50m
Open
Hematite
Alteration
Tourmaline
Silica (+Chlorite)
Alteration
Magnetite
Chlorite
Alteration
Black
Sandstone
Contact
P64DH01
13m @ 5.19g/t
TW 8.46m
(Sandstone 2)
SW (220) NE (040)
$1,000 Pit
(schematic)
NS
Shears
50RL
Steep
Intersection
(64 172)
NS Shear
NE Shear
+100 g.m
50-100 g.m
Gram.Metre
P64DH01
44m @ 1.42g/t
TW 12m
(Sandstone 1)P64AGCRC013
19.5m @ 1.38g/t
TW 15m
Potential at depth is being re-assessed with the Super Pit concept
Regional
Albitite
IP Chargeability Axis
Known Mineralisation
Interpreted Structure
Bedding (form-line)
Gounkoto system… open north into Senegal
800m
NGounkoto Domain
Boundary
Approaches Mananord
Mananord
MNTR003A MNDH004
show weak min. open to
the south
Gounkoto North
Litho-samples Incl. 8.8g/t,
22.5g/t.
(MZ4 style min.)
High Strain Zone
Chlorite-sericite Schist
MZ3 Structure
IP Chargeability Axis with
saprolite anomaly
Toronto
(removed)
Quartzwacke
+ tourmaline
alteration
Saprolite
geochemistry
MZ3
Structure
MZ3 Deep
MZ3P64
Social and community development…
Loulo-Gounkoto CSR…stakeholderengagement is core to our sustainability
Community committee meeting every month
Mass meeting with employees every quarter
CEO meeting chiefs / and employees
Annual sustainability report feedback to community and authorities
Materiality assessment
GM courtesy visits
Grievance mechanism
Zero unresolved grievances
Loulo-Gounkoto CSR…
> $5.2m invested to date
HEALTH, 16%
EDUCATION, 11%
POTABLE
WATER, 12%
AGRICULTURE
/FOOD SECURITY, 7%
STAKEHOLDER
ENGAGEMENT, 17%
LOCAL ECONOMIC
DEVELOPMEN
T, 37%
LOULOHEALTH, 3%
EDUCATION, 8%
POTABLE WATER, 11%
AGRICULTURE /FOOD
SECURITY, 19%
STAKEHOLDER
ENGAGEMENT, 4%
LOCAL
ECONOMIC DEVELOPMENT,
55%
GOUNKOTOHEALTH, 8%
EDUCATION,
9%
POTABLE
WATER, 12%
AGRICULTURE
/FOOD SECURITY,
14%
STAKEHOLDER
ENGAGEMENT, 9%
LOCAL
ECONOMIC DEVELOPMENT,
47%
LOULO-GOUNKOTO
$2.1 million spent in 2015 alone
Loulo-Gounkoto CSR…some solid facts
+90% of our employees are nationals
10% community contribution reinforced with subcommittees establishment
Provided 10 tractors to date and seeds and fertilizers every year
$1.4 million spent on the agribusiness college construction – 67 students - 4
tonnes of broilers and 1 tonne of vegetables sold – to boost food security,
local economic development and education
45 boreholes constructed to improve access to potable water
8 schools constructed (66 classes) >3 000 children have access to primary
education against <500 in 2005, teachers training programme implemented
Partnered with local NGOs in sustainability programmes – World Education
(education), ONG Soutoura (health) and Nyesigiso (microfinance)
Well equipped clinic offers free medical treatment for community women
and children below 5 years and free consultations for all community people.
A pilot clinic built in one village to progressively transfer capacity and
existing hospitals reinforced (Dock to Doc and soon CURE)
Loulo-Gounkoto CSR…the agribusiness project
Accommodation
Classrooms Canteen
Poultry + mill + abattoir Cattle farming Vegetable farming+tractor+nursery
Power supply: Solar panel + 10Kva backup generator Water supply: 1 tank fed by two
boreholes
Loulo-Gounkoto CSR…the agribusiness Project,illustration
Loulo-Gounkoto CSR…
contribution to Malian economy,to date
Total payment
$2.3 billion
$1 693m
$424m
$185m
Direct and
indirect taxes
Royalties
Loulo
Total payment
$526 million
$284m
$80m
Local suppliers, local
salaries, community
investment
Royalties
Gounkoto
$80m
Dividendspaid
$83m
Direct and Indirect taxes
Local suppliers, local
salaries, community
investment
Disclaimer…
Randgold reports its mineral resources and mineral reserves in accordance with the JORC 2012 code. As such
numbers are reported to the second significant digit. They are equivalent to National Instrument 43-101. Mineral
resources are reported at a cut-off grade based on a gold price of US$1 500/oz.
The reporting of mineral reserves is also in accordance with Industry Guide 7. Pit optimisations are carried out at a
gold price of US$1 000/oz, except for Morila which is reported at US$1 300/oz. Mineral reserves are reported at a
cut-off grade based on US$1 000/oz gold price within the pit designs. Underground reserves are also based on a
gold price of US$1 000/oz. Dilution and ore loss are incorporated into the calculation of reserves. Cautionary note
to US investors: The United States Securities and Exchange Commission (the SEC) permits mining companies, in
their filings with the SEC, to disclose only proven and probable ore reserves. Randgold uses certain terms in this
annual report such as ‘resources’, that the SEC does not recognise and strictly prohibits the company from
including in its filings with the SEC. Investors are cautioned not to assume that all or any parts of the company’s
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information
contained herein, the matters discussed in this presentation 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 Resources Limited (‘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 to be materially different from those expressed or implied by such forward-looking
statements, including but not limited to: 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 Randgold’s filings with the US Securities and Exchange Commission (the ‘SEC’). 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.
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