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goldenpolarbear

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goldenpolarbear

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Monday, 09/19/2016 8:15:45 PM

Monday, September 19, 2016 8:15:45 PM

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Ownership 2015-10-12 The mine was bought by Sibanye in 2014 following the liquidation of Great Basin Gold.

General 2015-05-10
The mine was intended to start production in 2011 and produce up to 250,000 ounces of gold per year. But geological problems have resulted in very low production. Great Basin Gold as a result is selling the mine, most likely to Wits Gold who plans to invest another $100m to produce 130,000 ounces per year.


https://www.mining-atlas.com/operation/Burnstone-Gold-Mine.php

What happened to the South African BUSINESS RESCUE?

What LIQUIDATION?
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