Great Basin meets Burnstone production target, Nevada falls short

JSE- and TSX-listed Great Basin Gold’s Burnstone mine, in Balfour, South Africa, has exceeded its gold production forecast for the three months ended March, the company reported on Tuesday. Burnstone produced 6 671 oz of gold for the period,...

Dippenaar out to win back confidence in Great Basin

For Great Basin Gold, which owns gold mines in Nevada and South Africa, the last year has been gruelling. So gruelling in fact, that CEO Ferdi Dippenaar summed it up on Tuesday when he bluntly said: “2012 can never be as bad as 2011”. The...

Company Announcement: Great Basin Gold Announces Closing Of C$50 Million Bought Deal

Public Offering Of Units

Great Basin Gold announces new deal to raise C$50m

Dual-listed Great Basin Gold has terminated its bought deal announced last week, and replaced it a new deal, sweetening the offer price to C$0.75 a share. The junior mining company was aiming to raise C$50-million to carry its Burnstone gold...

Burnstone gold mine, South Africa

Great Basin has said it is raising C$50-million in a bought deal financing to carry its Burnstone mine through to the third quarter.

Great Basin needs another C$50m

Gold junior Great Basin on Thursday said it is raising C$50-million in a bought deal financing to carry its Burnstone mine in South Africa through to the third quarter, when it expects the operation to be cash-flow positive. The company has...

Burnstone FY production falls short of guidance

Great Basin Gold (GBG) continues to face challenges in the production build-up programme at its Burnstone mine in South Africa, it reported on Monday, as production from the mine fell 6 000 oz short of its revised guidance. The mine, near...

Burnstone gold mine, South Africa

The development plan at the Burnstone mine is progressing well.

Great Basin says Burnstone progressing well

Gold miner Great Basin Gold’s (GBG’s) development plan at the Burnstone mine, in Mpumalanga, was progressing well, despite production falling short of its targeted 14 000 oz of gold in the third quarter of 2011. The implementation of a long...

Mining Indaba Schedule

Burnstone gold mine, South Africa

Great Basin Gold has secured a $150-million loan, which it will use to finance the additional development at the Burnstone mine.

Burnstone’s move to mechanised mining affects short-term output

Production at Great Basin Gold’s (GBG’s) new Burnstone mine, in Mpumalanga, increased during the three months to September 30, 2011. However, the ramp-up remained behind schedule and the decision to change the underground stope layouts would...