Gold One to more than double output to 300 000 oz in 2012

Dual-listed Gold One, which owns mines and projects in South Africa, is targeting gold production of 300 000 oz in 2012, CEO Neal Froneman said on Tuesday. The miner, which has set a stated target of becoming an one-million-ounce producer, said its flagship Modder East operation would produce 150 000 oz this year, with its Cooke underground mine and its Randfontein surface operations contributing 118 000 oz and 32 000 oz, respectively.

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