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Gold One International Limited (ASX:GDO, FRA:QUU) has exceeded its target for 2011 gold sales by 85 per cent.
The dual listed gold and base metals miner sold 123,179 ounces of gold last year, exceeding its target of 120,000 ounces.
As a result of exceeding its target Gold One says the Jintu Transaction “claw-back” has not been triggered.
The Jintu Transaction was completed at the end of last year, resulting in an 89.17 per cent majority shareholding in Gold One held by Chinese consortium BCX Gold Investment Holdings Limited.
Gold One president and CEO Neal Froneman says the company is very well positioned for further value accretive growth.
In the first half of its 2011 financial year Gold One International reported a net profit of $10.6 million.
