wits gold takeover of burnstone mine

wits gold takeover of burnstone mine

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  • Burnstone

    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...

  • Sibanye bids R407m for Wits Gold

    Wits Gold, which would need to inject R950-million over three years as working capital to bring the Burnstone mine back into production, including an initial payment of R725-million, was expected ....

  • Sibanye offers R407

    Dec 11, 2013· The gold mining company is seeking Wits Gold's operations to extend the life of its nearby Beatrix mine and unlock value , Sibanye offers R407-million for Wits Gold projects ,...

  • Wits Gold

    Wits Gold - Reviewed condensed interim financial information for the six months ended 30 June 2013 , Offer to acquire the Burnstone Mine accepted , Wits Gold's board of directors is of the ....

  • Projects

    The assets include the mining and prospecting rights formerly held by Wits Gold In June 2017, a mining right consolidating four areas of the property (Bloemhoek, De Bron Merriespruit, Hakkies and Robijn) was approved for a 23-year period and executed The mining right is contiguous to the north-east of the Beatrix mining right...

  • burnstone gold mine valuation

    burnstone gold mine valuation burnstone gold mine valuation Burnstone gold mine project stone Mackenzie 14/06/2019 Burnstone project was previously operated by Great Basin Gold up to 2012 when the mine was placed on care and maintenance and GBG went into liquidation burnstone gold mine valuation - unic-jean-monneteu...

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  • Remember Burnstone

    Wits Gold put in a bid to acquire the mine, but in the end, Sibanye Gold (today Sibanye-Stillwater), on an acquisition spree under CEO Neal Froneman, bought the Burnstone assets in July 2014, after the mine had been in care and maintenance for close to two years...