Australian-registered mining group Gold One International (GDO) said on Thursday that the group had produced 28,511 ounces of gold produced during the June 2011 quarter.
This represents an 8.9% increase relative to the March quarter's production of 26,188 ounces, and also exceeds the quarter's guidance of 28,000 ounces.
Total production during the first half of 2011 therefore amounts to 54,699 ounces. With the continuing ramp up in production, the company's guidance of 120,000 ounces for 2011 remains unchanged.
The group said that operational and financial details for the June quarter will be provided in the June 2011 Quarterly Report, which will be released towards the end of July 2011.
Gold One President and CEO Neal Froneman commented: “I am pleased that despite the disruptions caused by the extensive public holidays over the Easter period, the continued production ramp up at Modder East has remained in line with our expectations and plans. With half year production exceeding our guidance by some 1,700 ounces I remain confident of attaining our 120,000 ounce gold production target for 2011.” - I-Net Bridge