Gold One Looking to Turnaround Company With Rand Uranium Acquisition

Mineweb reported Gold One (ASX:GDO) says it is on track to turnaround its fortunes with considerations for partnership with Rand Uranium, increased revenues and cost savings.

As quoted in the market news:

Expectations are that two thirds of the benefits will come from revenue enhancements and one third from costs savings. Froneman said specific initiatives were aimed to right size the operations for its 150,000 ounce output.

Corporate cost savings, overhead savings and increased controls would look to ensure the cost target would be met. Productivity improvements and dilution reductions were also part of the turnaround strategy said Froneman.

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