Randgold & Exploration Company Limited reported consolidated earnings results for the year ended December 31, 2011. For the period, the company reported profit attributable to owners of the company was ZAR 47,651,000 or 66 cents on revenue of ZAR 1,826,000 compared to profit attributable to owners of the company of ZAR 741,405,000 or 1,032 cents on revenue of ZAR 20,408,000 for the same period a year ago. Profit from operating activities was ZAR 37,870,000 and profit before taxation was ZAR 46,702,000 compared to profit from operating activities of ZAR 758,140,000 and profit before taxation of ZAR 759,659,000 for the same period a year ago. Cash flow from operating activities was ZAR 27,002,000 and acquisition of plant and equipment was ZAR 38,000 compared to cash flow from operating activities of ZAR 25,380,000 and acquisition of plant and equipment of ZAR 285,000 for the same period a year ago. The outlook for 2012 is similar to that for the previous year. Expenditure on litigation and operations is expected to be at a similar level, which is likely to prevail until all claims have been finalised.