Gold One - Gold production back on track
Feb 27th 2013 - Edison Investment Research today published a report on gold one entitled "Gold Production Back On Track". In summary, the report says:
After an interrupted production schedule during FY12, Gold One (GDO) is pushing on with its strategy of ramping up Modder East, completing the integration of the Cooke 1-4 and growing production at the Randfontein. Notwithstanding that Neal Froneman has resigned as CEO to join Sibayne Gold, effective 31 December 2012, we do not expect any change in strategy, as the current CFO Chris Chadwick is now acting CEO. We also see the JV with Sibayne Gold moving forward with results from the PFS expected during Q313. GDO remains focused on increasing its production in FY13 to 300koz and further normalising its cost profile through the implementation of its uranium co-product strategy by Q413.
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