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Klondex Mines expands operations, investor outreach teams

By: Henry Lazenby 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, Nevada, Dr Shuai Chen joined Klondex, as chief engineer... 

Klondex Mines upbeat about Nevada project, sees lots of potential

By: Henry Lazenby 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 recent management shakeup and announced the... 

Great Basin Gold’s American subsidiary seeks creditor protection

By: Henry Lazenby 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 this legal process, Rodeo Creek sought to auction... 

Great Basin appoints new CEO, CFO

By: Natasha Odendaal 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 year, and outgoing interim-CEO, director and CFO... 

Insolvent Great Basin Gold still ‘a going concern’ 

By: Henry Lazenby 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 September. Operations at the Burnstone mine were... 

Great Basin Gold to secure $35m DIP loan

By: Henry Lazenby 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 to a “comprehensive” term sheet from its existing... 

Great Basin Gold’s shares tumble on SA ops suspension

By: Henry Lazenby 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 Burnstone mine, in South Africa. The miner said it could... 

Great Basin Gold suspends operations at South African mine

By: Henry Lazenby 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 May 2013. The company said it was seeking... 

SOUTH RAND SUCCESS

By: Martin Creamer 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 credit for advancing this Burnstone gold mine... 

GBG to start turning Burnstone mills

By: Liezel Hill 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 transition from capital development project to a... 

Delivery of Burnstone project just weeks away – Great Basin

By: Loni Prinsloo 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 first new mine to open in the Witwatersrand... 

Great Basin Gold narrows FY loss

By: Chanel de Bruyn 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 share loss recorded in the previous year. 

Great Basin in talks with Newmont to treat more Hollister ore

By: Liezel Hill Vancouver-based Great Basin Gold expects to finish refurbishing its Esmeralda mill, in Nevada, around mid-year, but is considering toll treating some ore from the company's Hollister mine in the meantime, CEO Ferdi Dippenaar said on Tuesday. The company bought the Esmeralda mine and mill for... 

Great Basin testing third stoping method at Hollister

By: Liezel Hill Vancouver-based Great Basin Gold continues to test different stoping methods to determine the optimal approach at its Hollister mine, and is currently testing a third option, thermal fragmentation, the firm said on Tuesday. During 2008, the company tested both shrinkage and cut-and-fill methods... 

Great Basin Gold raises $51,5m for US, SA projects

By: Liezel Hill Junior gold-miner Great Basin Gold has raised $51,5-million in a senior secured notes financing, and will use the cash to buy and refurbish a mine and mill in Nevada, as well as to fund its Burnstone gold project in South Africa while it negotiates project finance for the mine. The company has... 

Great Basin buys Nevada mill to treat Hollister ore

By: Liezel Hill 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 by US gold giant Newmont Mining and was in talks... 

Great Basin, Newmont agree new terms for latest Hollister ore batch

By: Liezel Hill Newmont Mining will process another once-off bulk sample from junior Great Basin Gold's Hollister mine, in Nevada, although the smaller company is still reviewing its options for ongoing processing of the ore. Great Basin CEO Ferdi Dippenaar has said repeatedly this year that he was not happy... 

Great Basin keeps its eye on the prize

By: Liezel Hill Vancouver-based Great Basin Gold is determined to take the steps necessary to complete development at its two mines on schedule, president and CEO Ferdi Dippenaar said on Wednesday. "We have sat back and cut our cloth according to the cash we have available, so that we have financial resources... 

Great Basin completes third batch test from Hollister mine

By: Liezel Hill A third batch of ore from Great Basin Gold's Hollister mine, in Nevada, has been processed, and generated net revenue for the company of $10-million, the firm said on Monday. The ore was processed at Newmont Mining's nearby Midas mill, which recovered 14 000 oz of gold and 117 000 oz of silver... 

Great Basin may build own mill in Nevada to escape 'painful' toll-treating costs

By: Liezel Hill Vancouver-based Great Basin Gold (GBG) is considering several alternatives to treat the ore from its Hollister mine, in Nevada, in the short term, and will more than likely look at buying or building its own mill as a medium- to long-term solution, president and CEO Ferdi Dippenaar indicated on... 

Great Basin finds new vein system at Hollister

By: Liezel Hill Vancouver-based Great Basin Gold has discovered a new vein system on its Hollister property, in Nevada, in the US, the company said on Monday. The previously-unrecognised Hatter Graben system, about 2 km from the decline infrastructure at its new Hollister mine, was identified during surface... 

Great Basin Gold starts toll treating ore from Nevada mine

By: Liezel Hill Emerging gold firm Great Basin Gold (GBG) processed the first ore from its Hollister mine, in Nevada, last month, at Denver-based Newmont Gold's nearby Midas mill, the company reported on Tuesday. After paying toll treatment costs, GBG realised revenue of about $3,9-million, from some 5 000... 

Great Basin plans to wrap up BEE deal by end-Feb

By: Matthew Hill Great Basin Gold (GBG) is in “the final throes” of its black economic-empowerment (BEE) transaction negotiations with partner Tranter Gold, and it hopes to have the deal’s terms finalised by the end of February, CE and president Ferdi Dippenaar tells Mining Weekly. 

Great Basin plans to wrap up BEE deal by end-Feb

By: Matthew Hill Great Basin Gold (GBG) was in “the final throes” of its black economic-empowerment (BEE) transaction negotiations with partner Tranter Gold, and it hoped to have the deal's terms finalised by the end of February, CE and president Ferdi Dippenaar told Mining Weekly Online on Wednesday.... 

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