R/€ = 14.78 Change: -0.02
R/$ = 11.94 Change: -0.02
Au 1347.30 $/oz Change: 1.12
Pt 940.00 $/oz Change: -3.63


Klondex to lift FY17 output 36%

By: Henry Lazenby     25th March 2017 Gold and silver producer Klondex Mines has forecast a 36% year-on-year increase in output for 2017, after producing a record 151 007 gold equivalent ounces (GEOs) from its Nevada operations last year, exceeding the high end of management's guidance range. "We expect to produce between 210 000 and... 

Klondex Mines expands operations, investor outreach teams

By: Henry Lazenby     21st March 2013 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     19th March 2013 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     26th February 2013 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     4th December 2012 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     15th November 2012 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     20th September 2012 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     12th September 2012 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     12th September 2012 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... 


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