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...

Former Eastplats MD joins Gold One

ASX- and JSE-listed Gold One on Thursday announced the appointments of Wayne Robinson as executive VP for the South African operations and Michael Li as senior VP for Asia. Robinson, the former MD for Eastern Platinum, would provide mining...

Froneman upbeat about East Rand projects

Dual-listed Gold One sees significant mining opportunities in the East Rand basin and believes it could find “at least another three to four” mines near its Modder East operation. Gold One and its 71%-owned subsidiary Goliath Gold announced...

Gold One, Goliath Gold unveil R70m deal for Pamodzi’s East Rand assets

JSE- and ASX-listed Gold One and JSE-listed Goliath Gold have concluded a R70-million agreement with the joint provisional liquidators of Pamodzi Gold East Rand Proprietary to buy the underground deposits of Grootvlei, Consolidated Modderfontein...

Gold One misses target, blames labour

South African gold miner Gold One has blamed labour actions and the slower-than-expected start up of operations following the Christmas break, for missing its March-quarter production forecast by 9%, or 6 375 oz. The ASX- and JSE-listed miner...

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

Goliath Gold acquires Megamine

New gold exploration and development company Goliath Gold has acquired Gold One’s Megamine business for R262.2-million. The company said that all conditions precedent to the acquisition have been fulfilled, or waived, by March 19.

West Rand ‘Ergo’ steps forward as MDM awarded scoping study

The potential for a second Ergo, this time on the West Rand, took another step forward on Monday when engineering group MDM announced that it had been awarded the scoping study contract for the Gold One/Gold Fields joint venture (JV) project. The...

Gold One, First Uranium extend date for Ezulwini deal

JSE-listed Gold One and First Uranium have extended the date to enter into definitive transaction agreements regarding Gold One’s acquisition of the Ezulwini mine, west of Johannesburg. The date had now been extended to March 30, from March 23,...

Gold One to unlock synergies between Cooke and Ezulwini

JSE- and ASX-listed Gold One can unlock significant value by combining the Cooke and Ezulwini mines, west of Johannesburg, CEO Neal Froneman said on Monday. First Uranium announced last week that it would sell its Ezulwini mine to Gold One for...

Gold One reports substantial FY profit increase

Dual-listed Gold One increased its profit to $51.53-million in 2011, as it stepped up production from its mines in South Africa. The profit for the year comes from gold revenue of $194.45-million, compared with 2010’s profit of $13.38-million...

Gold One to more than double output to 300 000 oz in 2012

Dual-listed Gold One, which owns mines and projects in South Africa, is targeting gold production of 300 000 oz in 2012, CEO Neal Froneman said on Tuesday. The miner, which has set a stated target of becoming an one-million-ounce producer, said...