StockPreacher.com issues Trading Overview for Great Basin Gold Ltd.
The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
(EMAILWIRE.COM, October 15, 2009 ) DALLAS, Texas - StockPreacher.com announces an investment report featuring Great Basin Gold Ltd. (AMEX: GBG).
The investment report on Great Basin Gold Ltd. (AMEX: GBG) should be of particular interest to other mining companies: Northgate Minerals Corp. (AMEX: NXG), Agnico-Eagle Mines Ltd. (NYSE: AEM), New Gold Inc. (AMEX: NGD) and Barrick Gold Corp. (NYSE: ABX).
The full report is available at: http://www.stockpreacher.com/n/GBG
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Great Basin Gold Ltd. (GBG) is engaged in the business of acquiring ownership of or interests in, exploring and developing precious metals deposits. The Company has two material projects: the Hollister gold project, acquired in 1997, which is located on the Carlin Trend goldfield in Nevada, United States of America (the Hollister Property), and the Burnstone gold project, acquired in 2002, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property).
Message Board Search for GBG: http://www.boardcentral.com/boards/NCS
In the report, the analyst notes:
“During the last quarter, at Hollister Property, the Company’s resource estimate increased by 27% to 2.9 million Au equivalent ounces. Moreover, GBG recovered 26,517 gold equivalent ounces from the sale of 27,860 tons of ore before toll milling charges and succeeded to decrease by 15% the cash cost per ton. Pre-development expenses for the Hollister property increased from CDN$5.2 million to CDN$8.5 million, quarter-on-quarter. To date, an amount of CDN$70 million has been expensed through the income statement for the Hollister operations.
“Progress continues to be made with the development of surface and underground infrastructure at the Burnstone Project. As at August 9, 2009, 7,709 ft (2,336 m) of decline development had been completed. The cross-cut to Block B 3 has accessed the Kimberley Reef and production stopes are being established. As at August 9, 2009, a total of 6,134 tons have been accumulated on the surface ore stockpile. A total of 40 ft (12 m) remains to access Block C before stope establishment for mining commences.”
To read the entire report visit: http://www.stockpreacher.com/n/GBG
See what investors are saying about these stocks at: http://www.stockhideout.com/
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
The investment report on Great Basin Gold Ltd. (AMEX: GBG) should be of particular interest to other mining companies: Northgate Minerals Corp. (AMEX: NXG), Agnico-Eagle Mines Ltd. (NYSE: AEM), New Gold Inc. (AMEX: NGD) and Barrick Gold Corp. (NYSE: ABX).
The full report is available at: http://www.stockpreacher.com/n/GBG
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher
Great Basin Gold Ltd. (GBG) is engaged in the business of acquiring ownership of or interests in, exploring and developing precious metals deposits. The Company has two material projects: the Hollister gold project, acquired in 1997, which is located on the Carlin Trend goldfield in Nevada, United States of America (the Hollister Property), and the Burnstone gold project, acquired in 2002, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property).
Message Board Search for GBG: http://www.boardcentral.com/boards/NCS
In the report, the analyst notes:
“During the last quarter, at Hollister Property, the Company’s resource estimate increased by 27% to 2.9 million Au equivalent ounces. Moreover, GBG recovered 26,517 gold equivalent ounces from the sale of 27,860 tons of ore before toll milling charges and succeeded to decrease by 15% the cash cost per ton. Pre-development expenses for the Hollister property increased from CDN$5.2 million to CDN$8.5 million, quarter-on-quarter. To date, an amount of CDN$70 million has been expensed through the income statement for the Hollister operations.
“Progress continues to be made with the development of surface and underground infrastructure at the Burnstone Project. As at August 9, 2009, 7,709 ft (2,336 m) of decline development had been completed. The cross-cut to Block B 3 has accessed the Kimberley Reef and production stopes are being established. As at August 9, 2009, a total of 6,134 tons have been accumulated on the surface ore stockpile. A total of 40 ft (12 m) remains to access Block C before stope establishment for mining commences.”
To read the entire report visit: http://www.stockpreacher.com/n/GBG
See what investors are saying about these stocks at: http://www.stockhideout.com/
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
Contact Information:
StockPreacher
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
StockPreacher
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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