Great Basin reported Q1 production of 5,511 oz from its Burnstone facility and cash costs of $1,365/oz in early days of commissioning. This production is expected to grow to 18,000 oz in Q2.
For a resource comparison of Great Basin Gold and other African gold mining stocks go to www.CFMonitor.com - We estimate GBG cash costs per oz at $700 while some of the other African miners such as Banro Corporation (TSX:BAA)(AMEX:BAA) are estimated at under $400 and going into production in Q4 '11
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