Gold One targets 69 000 oz in June quarter

ASX- and JSE-listed Gold One aims to increase its gold production to 69 000 oz in the June quarter, the South African miner said on Monday. The company, which missed its March quarterly guidance of 68 000 oz, said it was targeting 34 000 oz from...

Gold One meets 2011 sales target

ASX- and JSE-quoted Gold One said on Thursday it hit its 2011 gold sales target, thereby avoiding triggering a “claw-back” in its takeover deal with a Chinese consortium called Jintu. The group, led by Baiyin Non-Ferrous, had acquired 89% of...

Sub Nigel shaft closed as water levels rise in East Rand basin

Operations and production at the Sub Nigel 1 shaft have been temporarily halted, after pumping at the nearby Grootvlei mine was stopped, Gold One spokesperson Ilja Graulich said on Wednesday. The underground training centre at Sub Nigel, which...

Gold One to exceed Q1 production guidance – Froneman

Emerging miner Gold One would beat its first quarter production guidance of 25 000 oz, after a strong start to the year, CEO Neal Froneman said on Monday. Production rates at the Modder East mine continued to build off the solid base which was...

Company Announcement: Gold One on track to exceed 1st Quarter Production target of 25,000oz at Modder East, South Africa

Attached please find a press release on: Gold One International Limited (ASX and JSE: GDO) is pleased to provide an interim operational update for the first quarter of 2011 to date.

Company Announcement: Gold One International Declares Maiden Annual Profit

Attached please find a press release on: Gold One International Limited (ASX and JSE: GDO) is pleased to report a maiden net profit before taxation of U$ 17.74 million (A$ 19.35 million) for the 2010 year, compared to the company’s 2009 loss...

Modder East mine, South Africa

A gold mine in Gauteng, South Africa.

Developments in SA’s gold-mining industry

South Africa is currently the world’s fourth-largest gold producer, having been ousted from the number-one position in 2007, after over 100 years as the world’s largest contributor to global gold production.

Gold One to dedicate resources to growth opportunities

Junior miner Gold One increased its mineral resource to 21,71-million ounces of gold at Modder East, Ventersburg, and Megamine in the December quarter, the ASX- and JSE-listed company reported on Monday. Gold One reported that it had 8,60-million...

Gold One says Modder East not affected by flooding

ASX- and JSE-listed Gold One said on Thursday that its Modder East mine has not been affected by the current flooding in parts of South Africa’s Gauteng province. The company pointed out that Modder East was located a significant distance from...

Gold One targeting 80% production increase this year

ASX- and JSE-listed Gold One said on Monday that it had reached its December quarter production target with 21 480 oz of gold produced, representing a 10% increase relative to the previous quarter. CEO Neal Froneman said that recovered ore grades...

Gold One confirms high-grade shoreline at Modder East

ASX- and JSE-listed Gold One said on Wednesday that the first-phase drilling results at its flagship Modder East mine demonstrated an extension of the high-grade shoreline currently being mined. The company president and CEO Neal Froneman said...