Aug 16th 2013 - Edison Investment Research today published a report on gold one entitled "Record Production And Increased Holdings". In summary, the report says:
Gold One (GDO) reported record Q213 gold production of 68,208oz, representing a 10% increase over Q113 and slightly below (4%) its guidance. Assuming successful ongoing gold sector wage negotiations, we expect FY13 gold production to be c 290,000oz. Despite the recent collapse of the gold price, GDO’s continued focus on cost control and optimisation of its operations should help with its profitability moving forward. In the meantime, GDO’s largest shareholder, BCX Gold Investment Holdings, has breached the 90% holding threshold triggering the right, but not the obligation, to acquire any remaining GDO shares.
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