RANDGOLD & EXPLORATION COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG ISIN: ZAE000008819
("R&E" or "the company")
In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for
the period to be reported on next will differ by more than 20%
from those of the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of
certainty exists that the Company expects to report a loss and
headline loss per share of between 12.05 cents and 12.19 cents
for the year ended 31 December 2016, compared to an earnings per
share of 6.92 cents and headline earnings per share of 1.4 cents
for the year ended 31 December 2015.
The reason for the material decrease in earnings and headline
earnings per share in the current financial period is a result
of low level of recoveries during the current reporting period
and an increase in expenditure, partly offset by increased
The net asset value decreased with 4.76% from R2.34 at 31
December 2015 to R2.23 at 31 December 2016.
The information contained in this trading statement has not been
reviewed or reported on by the Company's external auditors. R&E
expects to release its financial results for the year ended 31
December 2016 on or about 27 March 2017.
10 March 2017