Gold One Increases Quarter on Quarter Gold Output by 23%

Mineweb reported that gold output for Gold One (ASX:GDO) increased by 23% over last quarter.

As quoted in the market news:

The increased volumes, along with an average gold price of US$1,710/oz, resulted in a 39% increase in revenue from US$43.1m to US$59.72m for the current quarter. Behind the increase in volumes was an improvement of 20% in total mined grade (8.24g/t) quarter-on-quarter at a cash cost of US$478/oz for the Modder East mine.

Click here to read the full Mineweb report.