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...

Burnstone gold mine, South Africa

Great Basin Gold has suspended operations at its Burnstone mine.

Great Basin Gold to secure $35m DIP loan

Indebted miner Great Basin Gold on Thursday said it was to secure a $35-million loan by order of the British Columbia Supreme Court, following its Companies Creditors Arrangement Act (CCAA) filing made on Wednesday. The company said it had agreed...

Great Basin Gold subsidiary files for creditor protection

Toronto-listed Great Basin Gold’s embattled South African subsidiary Southgold Exploration on Tuesday filed for bankruptcy protection under the South African business rescue procedures. The announcement followed its parent last week suspending...

Great Basin Gold suspends operations at South African mine

Canadian gold miner Great Basin Gold on Tuesday confirmed speculation that it had suspended operations at its Burnstone mine, located in South Africa, saying it could not afford the mine’s required working capital to reach cash-flow break even...

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 expects to turn cash-positive in next quarter

Exploration and development company Great Basin Gold, of Vancouver, anticipated that the business would turn cash positive by its next quarter, having reported a third-quarter loss of C$0,03 a share on Tuesday. CFO Lou van Vuuren said the loss...

Great Basin hopeful of Burnstone project finance 'in weeks'

Great Basin Gold expects to have the project finance for its Burnstone mine, in South Africa, finalised within the next two weeks, CFO Lou Van Vuuren said on Wednesday.

Great Basin names Lou van Vuuren CFO

Great Basin Gold has appointed Lou van Vuuren as CFO to take over from Zelda Mostert in March.