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Hollister Mine

Klondex Mines expands operations, investor outreach teams

Northern Nevada gold exploration and development company Klondex Mines on Wednesday bolstered its operations team at its flagship Fire Creek mine, and appointed an investor relations manager team in Toronto. At Fire Creek, in Lander County,...
21st March 2013

Klondex Mines upbeat about Nevada project, sees lots of potential

Nevada gold explorer Klondex Mines sees the possibility of a potentially greater future resource at its flagship Fire Creek gold project, in Nevada, once bulk sampling gets underway in the second half of the year. The company, which also had a...
19th March 2013

Great Basin Gold’s American subsidiary seeks creditor protection

Insolvent Canadian miner Great Basin Gold’s subsidiary Rodeo Creek Gold and certain of its affiliates filed for creditor protection under the US Bankruptcy Code Chapter 11 restructuring proceedings in Nevada on Monday. The company said, through...
26th February 2013

Great Basin appoints new CEO, CFO

Beleaguered gold junior Great Basin Gold (GBG) said on Tuesday it had appointed Ray Dombrowski as CEO and Peter Gibson as CFO. Dombrowski and Gibson would replace former GBG president, CEO and director Ferdi Dippenaar, who resigned earlier this...
4th December 2012

Insolvent Great Basin Gold still ‘a going concern’

Insolvent miner Great Basin Gold (GBG) on Thursday affirmed it was still a going concern as long as it held the trial-producing Hollister mine, in Nevada, and the Burnstone mine, on South Africa’s Witwatersrand, where mining was suspended early in...
15th November 2012

Great Basin Gold to secure $35m DIP loan

Indebted miner Great Basin Gold on Thursday said it was to secure a $35-million loan by order of the British Columbia Supreme Court, following its Companies Creditors Arrangement Act (CCAA) filing made on Wednesday. The company said it had agreed...
20th September 2012

Great Basin Gold’s shares tumble on SA ops suspension

Cash-strapped Great Basin Gold’s shares on Wednesday morning tumbled by as much as 61.7% to 9 Canadian cents apiece – the lowest level in a year – following the company’s announcement late on Tuesday that it had suspended operations at its...
12th September 2012

Great Basin Gold suspends operations at South African mine

Canadian gold miner Great Basin Gold on Tuesday confirmed speculation that it had suspended operations at its Burnstone mine, located in South Africa, saying it could not afford the mine’s required working capital to reach cash-flow break even by...
12th September 2012


The multi-billion-rand investment in South Africa’s first greenfields gold mine in decades in the largely forsaken South Rand basin has boosted the socially depressed Balfour area of Mpumalanga. Great Basin Gold CEO Ferdi Dippenaar must take the...
10th February 2012

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...
20th September 2010

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...
10th May 2010

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...
25th February 2010
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