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...

Great Basin to report Q2 profit, miss production targets

Vancouver-based Great Basin Gold expects to swing back to profit on an adjusted basis in the second quarter, as production ramped up at its South African And US projects, the junior said on Thursday. The firm said its Nevada Hollister mine...

First Burnstone revenue flows, despite challenges

TSX–listed South African gold-mining junior Great Basin Gold reports that, despite some operational difficulties, its flagship South African project, Burnstone is settling into a production rhythm and the progress made by the team on a monthly...

Great Basin reports first Burnstone revenue

Great Basin Gold produced 5 511 oz of gold from its new Burnstone mine during the first quarter, and recorded the first quarterly revenue from the operation, of $3,8-million, after selling 2 794 oz. The ounces were mainly recovered from...

GBG to start turning Burnstone mills

Great Basin Gold expects to start turning the mills later this week or early next week as it commissions the new Burnstone mine, in South Africa, CEO Ferdi Dippenaar said at the Denver Gold Forum on Monday. Burnstone is right in the middle of the...

Delivery of Burnstone project just weeks away – Great Basin

With only weeks before the expected delivery of Great Basin Gold's new Burnstone mine, in South Africa's Mpumalanga province, the remaining construction activities were well under way, CEO Ferdi Dippenaar reported on Monday. Burnstone will be the...

Great Basin Gold concludes ore purchase agreement with US major

Gold-mining junior Great Basin Gold (GBG) has signed an ore purchase agreement with US major Newmont Mining to sell up to a maximum of 50 000 t, but not less than 35 000 t of ore, currently stockpiled at its Hollister property, in Nevada, US.

Great Basin to sell Hollister ore to Newmont

Vancouver-based Great Basin Gold had entered into a purchase agreement to sell stockpiled ore at its Hollister property in Nevada to US gold major Newmont Mining. The stockpile currently consists of about 51 000 wet tons of ore, containing an...

Great Basin Gold narrows FY loss

TSX- and JSE-listed Great Basin Gold (GBG) on Thursday said it was continuing to make good progress at both its gold projects, as it reported a C$0,16 share loss for the 2009 financial year. The loss a share was an improvement on the C$0,40 a...

Great Basin breathing new life into S Africa's South Rand goldfield

Gold producer Great Basin Gold’s (GBG’s) ambition of becoming a midtier gold producer is fast becoming a reality and could be achieved by June this year when its Burnstone project, in Mpumalanga, is ramped up to full production. GBG is...

Great Basin Gold breathing new life into underexploited South Rand goldfield

South African gold producer Great Basin Gold’s (GBG) ambition of becoming a midtier gold producer is fast becoming a reality and could be achieved by June this year when its Burnstone project, in Mpumalanga, is ramped-up to full production.

Great Basin buys Nevada mill to treat Hollister ore

Junior miner Great Basin Gold has agreed to buy a Nevada mine and mill, where the company will process ore from its nearby Hollister mine. Since production started up at Hollister, Great Basin has processed a series of ore batches at a mill owned...