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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: GDO
News: Latest news
Web Site: Gold One International
Other Articles: 24-06-201023-06-201017-06-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Gold One International

Gold One International

Gold One International Limited (ASX: GDO) is a gold producer listed on ASX and JSE. Its flagship operation is the Modder East mine, also owning the nearby existing Sub Nigel mine, which is used primarily as a training centre in the build-up of Modder to full production.  Its other projects and targets include Ventersburg the Free State goldfields and  the Tulo concession in Mozambique.

Production for 2010 is targeted at between 85,000 and 100,000 ounces of gold at a cash cost of less than US$400/ounce. Reserve base of 1.36 million gold ounces and a total resources base of 13.66 million gold ounces.

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Thursday, June 17, 2010

Gold One International reaffirms production guidance of 85,000 ozs in 2010

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Production rampup at Gold One International's (ASX and JSE: GDO) Modder East gold mine is continuing as planned, and that the build up rate required to attain this year’s gold production targets of 85,000 to 100,000 ounces is being achieved.

The continuous ramp up in gold production is being achieved by the opening up of additional mining faces through ongoing reef development.

Six mining faces (panels) have mined out against the northern side of the shore line with current output being achieved from the mining of 18 panels, a further 11 panels will be available by the end of the quarter, which will provide significantly more mining flexibility in the third quarter.

Six of the new panels are situated in the new North 2 Raise, where gold values remain consistent with the high gold grades experienced near the shoreline. Off reef development is now approaching the North 3 Raise, where first reef development is expected to start during the third quarter.

At full production, 75 panels will be in operation, and reef development is on target to have 50 panels available at year end. The steady increase in available panels provides the platform for a sustainable increase in output, supporting the forecast build up rate.

Production at Modder is now consistently outperforming levels attained prior to the five week strike that occurred between 23 March and 28 April 2010.

Ramp-up to pre-strike levels was achieved by the end of May, some four weeks after the end of the strike. The graph below illustrates that ramp-up is continuing at a steady rate, with the Company currently producing at an average of over 200 ounces of gold per day. Recoveries remain strong, and continue to exceed 96%.

Gold One has re-affirmed its production guidance of more than 10,000 ounces for the current quarter.

September quarter production is expected to be approximately 25,000 ounces, and total 2010 production guidance remains between 85,000 – 100,000 ounces of gold.

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