Wrap Text
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth)
Registration number ACN: 094 265 746
Registered as an external company in the Republic of South Africa
Registration number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One" or the company)
2012 June Quarter Group Gold Production
Gold One is pleased to advise that group gold production amounted to a total of 62,904 ounces for the June 2012 quarter.
This is 2% higher than the March 2012 quarter, despite the illegal industrial action that began at Modder East on 3 June 2012.
Gold production at the Modder East Operation was 22%, or 7,507 ounces, below forecast primarily due to
the illegal industrial action. This negative variance resulted in the group not achieving its forecasted
quarterly production of 69,000 ounces. With various contingencies in place, however, Modder East is
continuing to operate profitability, albeit at lower levels of gold production.
The two-year turnaround programme at the Cooke Underground Operations is continuing to make good
progress, as gold production increased quarter-on-quarter by 12% to 26,041 ounces, which is marginally
below the operations forecast of 27,000 ounces.
Production at the Randfontein Surface Operations increased by 42% quarter-on-quarter to 10,370 ounces,
which is 2,370 ounces (30%) higher than forecast largely due to the increased volumes and grades that were
delivered to the plant.
Further operational details will be provided in the company quarterly report, due for release at the end of
July 2012.
June 2012 Quarter June 2012 Quarter
Variance
Actual (oz) Guidance (oz)
Modder East Operations 26,493 34,000 -7,507 -22%
Cooke Underground Operations 26,041 27,000 -959 -4%
Randfontein Surface Operations 10,370 8,000 2,370 30%
Total 62,904 69,000 -6,096 -9%
Gold One President and CEO Neal Froneman comments: The loss of production as a result of the illegal
industrial action at Modder East, and the subsequent dismissal of a large majority of the operations
workforce, is highly disruptive and disappointing. We, however, maintain our position and continue to
manage the short-term impacts with a focus on creating long-term stability. I am especially pleased with the
progress that we have made with the Rand Uranium acquisition, remembering that we are still only six
months into the Cooke Operations two-year turnaround initiative.
ENDS
Johannesburg
09 July 2012
JSE SPONSOR
Macquarie First South Capital (Pty) Limited
Issued by Gold One International Limited
www.gold1.co.za
Neal Froneman President and CEO +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za
Grant Stuart VP Investor Relations +27 11 726 1047 (office) +27 82 602 5992 (mobile) grant.stuart@gold1.co.za
Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za
Derek Besier Farrington National Sydney +61 2 9332 4448 (office) +61 421 768 224 (mobile) derek.besier@farrington.com.au
1
About Gold One
Gold One International Limited (Gold One) is a dual listed (ASX/JSE: GDO) mid-tier mining group with gold operations and gold and
uranium prospects across Southern Africa. Gold One remains focused on developing and mining low technical risk, high margin
precious metal resources in diversified jurisdictions. The companys flagship Modder East gold mine, commissioned in 2009,
continues to ramp up production. Gold sold for 2011 amounted to 123,179 ounces, exceeding the companys stated target of
120,000 ounces and reflecting an increase of 85% compared to 2010.
At the beginning of 2012, the group expanded further with the acquisition of the Cooke 1,2 and 3 underground operations and the
Cooke surface assets (Randfontein Surface Operations) located in the West Rand, 30 kilometres from Johannesburg. The Cooke
Underground Operations continue to deliver in line with expectations and are currently the subject of a turnaround intervention.
Through Gold Ones purchase of Rand Uranium (Pty) Limited, the group has also acquired one of the worlds most advanced uranium
projects, which envisages recovering uranium, gold and sulphur from the Cooke Tailings Dam and underground ores.
The Gold One group is majority-owned by a consortium comprising Baiyin Non-Ferrous Group Co. Limited, the China-Africa
Development Fund, and Long March Capital Limited.
This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an
offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction.
Forward-Looking Statement
This release includes certain forward-looking statements and forward-looking information. All statements other than statements of
historical fact included in this release including, without limitation, statements regarding future plans and objectives of Gold One
International Limited are forward-looking statements (or forward-looking information) that involve various risks, assumptions and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual values, results and future events
could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially
from Gold Ones expectations. Such factors include, among others: the actual results of exploration activities; actual results of
reclamation activities; the estimation or realisation of mineral reserves and resources; the timing and amount of estimated future
production; costs of production; capital expenditures; costs and timing of the development of Modder East and new deposits;
availability of capital required to place Gold Ones properties into production; the ability to obtain or maintain a listing in South
Africa, Australia, Europe or North America; conclusions of economic evaluations; changes in project parameters as plans continue to
be refined; future prices of gold and other commodities; possible variations in ore grade or recovery rates; failure of plant,
equipment or processes to operate as anticipated; accidents; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals, permits or financing or in the completion of development or construction activities, economic
and financial market conditions; political risks; Gold Ones hedging practices; currency fluctuations; title disputes or claims
limitations on insurance coverage. Although Gold One has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
Any forward-looking statements in this release speak only at the time of issue. There can be no assurance that such statements will
prove to be accurate as actual values, results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. Gold One does not undertake to update any
forward-looking statements that are included herein, or revise any changes in events, conditions or circumstances on which any such
statement is based, except in accordance with applicable securities laws and stock exchange listing requirements.
Date: 09/07/2012 09:52:00 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
