Gold One, Goliath extend Megamine acquisition

JSE-listed Gold One said on Monday that the deadline to meet the remaining conditions for the acquisition of the Megamine assets by Goliath Gold has been extended from June 30, to September 30. In March, shareholders in JSE-listed investment...

Critical equipment repaired at gold mine

Electric motor rewinding, repair and testing partner Delba Electrical was contracted by mining company Gold One Africa to undertake repairs of the main winder motor at its Sub Nigel mine shaft after it failed, threatening the mine’s productivity.

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 announce possible takeover next week

ASX- and JSE-listed Gold One, said on Friday that the Australian bourse has granted the trading halt of its securities, until it announced a change of control transaction. The company, headed by CEO Neal Froneman, told Mining Weekly Online that...

Gold One says March quarterly output up 21,9%

South African miner Gold One increased its gold production by 21,9% in the March quarter to 26 188 oz. This compares with the 21 480 oz produced in the December quarter and exceeded its 25 000 oz guidance.

White Water shareholders open way for new gold-focused company

Shareholders in JSE-listed investment holding company White Water Resources on Tuesday approved the acquisition of Gold One’s Megamine asset opening the way for the creation of a new gold exploration and development company, Goliath Gold, with a...

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 creates new company Goliath to host Megamine

In a deal that values its Megamine assets at R260-million, or A$38,6-million, South Africa-focused Gold One has launched a new gold exploration and development company, Goliath Gold, through the reverse takeover of White Water Resources. The JSE-...

Gold One output up 58%, resource tops 20Moz

JSE- and ASX-listed junior miner Gold One raised its gold output in the third quarter of the year to 19 470 oz, up 58% on the 12 287 oz of gold produced in the second quarter of the year. This was in line with the company’s expectations of...

Gold One narrows loss as Modder East ramps up

South Africa-focused Gold One has narrowed its interim after tax loss to A$3,94-million, compared with the A$39,47-million loss reported in the first half of 2009, as its Modder East mine continued to increase production. Revenue for the six...

Advancing from junior miner to midtier to 'ten bagger' still SA rarity

Too few South African mining companies have been able to advance from the status of junior exploration companies to midtier miners and then successful return-givers to investors that could give them the status of being a ‘ten bagger’. A...

Advancing from junior miner to midtier to ‘ten bagger’* still South African rarity

Too few South African mining companies have been able to advance from the status of junior exploration companies, to mid-tier miners and then successful return-givers to investors that could give them the status of being a ‘ten bagger’.