Village announces management restructure, to shut loss-making gold ops

JSE-listed Village Main has embarked on a restructure of its management, appointing MDs for its platinum, gold and antimony assets. Effective May 14, Marius Saaiman would relinquish his current role of joint CEO to lead the company’s platinum...

Great Basin appoints new CEO, CFO

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...

Big gold CEO clear-out, Botswana ousts London, graphite deal in Malawi

Five of the top 20 Canadian gold producers by market value, including world leader Barrick Gold, Kinross Gold and Centerra Gold, have named new CEOs this year – and an exit closer to home is that of former Great Basin gold CEO Ferdi Dippenaar.

Canadian gold CEO departures fastest in decade as stocks slide

Canada’s biggest gold miners are replacing their senior executives at the fastest rate in at least a decade as shareholders demand greater returns.

Great Basin CEO resigns as strategic review gets under way

Toronto-, New York- and Johannesburg-listed Great Basin Gold on Wednesday stated that revenue shortfalls for the second quarter ended June had left the company with near-term liquidity challenges, prompting a massive selloff of its Toronto-listed...

Great Basin meets Burnstone production target, Nevada falls short

JSE- and TSX-listed Great Basin Gold’s Burnstone mine, in Balfour, South Africa, has exceeded its gold production forecast for the three months ended March, the company reported on Tuesday. Burnstone produced 6 671 oz of gold for the period,...

Dippenaar out to win back confidence in Great Basin

For Great Basin Gold, which owns gold mines in Nevada and South Africa, the last year has been gruelling. So gruelling in fact, that CEO Ferdi Dippenaar summed it up on Tuesday when he bluntly said: “2012 can never be as bad as 2011”. The...

Great Basin Gold announces new deal to raise C$50m

Dual-listed Great Basin Gold has terminated its bought deal announced last week, and replaced it a new deal, sweetening the offer price to C$0.75 a share. The junior mining company was aiming to raise C$50-million to carry its Burnstone gold...

Great Basin Gold’s share weakness puts BEE into default

The decline in the share price of junior gold miner Great Basin Gold has resulted in the bank loan to its black economic-empowerment (BEE) partner going into default. The share price of the JSE-listed gold miner fell a further 4.76% to R5.99 a...

Great Basin needs another C$50m

Gold junior Great Basin on Thursday said it is raising C$50-million in a bought deal financing to carry its Burnstone mine in South Africa through to the third quarter, when it expects the operation to be cash-flow positive. The company has...

SOUTH RAND SUCCESS

The multi-billion-rand investment in South Africa’s first greenfields gold mine in decades in the largely forsaken South Rand basin has boosted the socially depressed Balfour area of Mpumalanga. Great Basin Gold CEO Ferdi Dippenaar must take the...

Burnstone FY production falls short of guidance

Great Basin Gold (GBG) continues to face challenges in the production build-up programme at its Burnstone mine in South Africa, it reported on Monday, as production from the mine fell 6 000 oz short of its revised guidance. The mine, near...