Great Basin Gold Breaks Out

Marco G. submits: Introduction Finally after a season of consolidation and the stock prices reflecting the uncertainty about the contruction progress at their South African Burnstone mine, Great Basin (GBG) broke out of the indecisive wedge pattern in anticpation of good results for the 2nd Quarter to be reported on August 11, 2010. See the [...]

Great Basin Gold: Production Poised for Profit

Marco G. submits: Introduction – Development Transitioning Into Production Great Basin Gold (GBG) is a development stage gold junior bringing two Gold mines in disparate parts of the world into significant production this year. The first mine, Hollister, is a high grade epithermal vein type deposit in the Carlin Trend in Nevada. The second mine, [...]

Great Basin Gold: Follow the Flood for Fortune

Marco G. submits: Introduction Timing is critical for making investment decisions. Sometimes the timing seems so fortuitous as many factors coalesce into a critical juncture. Such is the case for emerging gold producer, Great Basin Gold (GBG), to be commencing production during this run up of the precious metals bull market. Situation Analysis GBG undertook [...]

Great Basin Gold: Jump to Mid-Tier Gold Producer

Marco G. submits: Introduction Great Basin Gold is an emerging gold production company headquartered in Vancouver, Canada with operations in Nevada and South Africa. The company’s shares are listed on the TSX [GBG] in Canada, on the Amex (GBN) in the United States and on the JSE [GBG] in South Africa. The company is a [...]

Great Basin to start trial mining at Burnstone

TSX- and JSE-listed Great Basin Gold (GBG) on Tuesday reported a 6% increase in measured and indicated resources at its Burnstone project in South Africa, where trail mining will get under way this month. The company, which also owns the Hollister project in Nevada, said that Burnstone’s total measured and indicated resource had increased from [...]

Great Basin Gold secures Burnstone debt facility

Vancouver-based Great Basin Gold has obtained credit approval for a R850-million senior debt facility, plus R180-million in standby debt for potential overruns, for its Burnstone gold project, in South Africa, the firm announced on Monday. There is still some paperwork remaining though, as the facilities are subject to the execution of the relevant loan and [...]

Great Basin Gold secures power for Burnstone project

South Africa’s power utility Eskom has undertaken to supply power to Great Basin Gold’s (GBG’s) Burnstone mine in the Mpumalanga province, the Toronto- and Johannesburg-listed company said on Monday. GBG has accepted an R119-million official budget quotation for a new supply of power to the Burnstone mine. This quotation outlines the project for the supply [...]

Great Basin Gold in fourfold widening of its quarterly losses

Toronto and Johannesburg-listed Great Basin Gold on Thursday reported a fourfold widening of its losses in the March quarter. President and CEO Ferdi Dippenaar said that the company had incurred a loss of four Canadian cents a share compared to one Canadian cent a share in the December 2008 quarter. Dippenaar said that the highlights [...]

Great Basin Gold releases exploration drilling results

Great Basin Gold has published the results of an exploration drilling programme at its Hollister property in Nevada. The company claims that it has encountered "bonanza" gold grades at the prospect for the first quarter of 2009, including an "exceptional" underground borehole HDB-274, which intersected 1,718 g/t gold over 0.23 m on the western strike [...]

Great Basin Gold announces completion of equity financing

Great Basin Gold has revealed that it has completed a C$130 million (£73 million) equity financing. The previously announced public offering of 100,000,000 units was launched at a price of C$1.30 per unit, with each comprising one common share and one-half of one common share purchase warrant. Each full warrant entitles the bearer to purchase [...]

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