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News Breaks
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December 16, 2011
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| 08:43 EDT |  | GBG |
| theflyonthewall.com: | Great Basin Gold provides operational update | | Great Basin Gold provided an operational update for its Burnstone Mine in South Africa. CEO Ferdi Dippenaar commented: "We are making good progress with increasing the rate of ore development required to increase the number of stopes available for mining at Burnstone. The decision to increase the size of the mining blocks was the correct one, with resultant operational efficiencies already starting to show." Burnstone Mine continued to make good progress in a number of areas, notably in ore development which increased by 29% and in contained gold extracted, which increased by 16% compared to the similar period in the previous quarter. The lower square meters stoped follows the announcement that the stope configurations would be changed to improve operational efficiencies that will show in cash costs, dilution and recovery grades. More significantly, the number of square meters available for stoping increased by 45%. Tonnes milled decreased by some 14%, mainly due to the depletion of the low grade development ore stockpile in the previous quarter. :theflyonthewall.com |
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May 15, 2012
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| 08:37 EDT |  | GBG |
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May 14, 2012
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| 07:38 EDT |  | GBG |
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