Great Basin Gold Limited

Mid-tier Gold producer - Witwatersrand Basin of South Africa and the Carlin Trend of Nevada, USA

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Message: total 81000 oz au 2009 @ $423....a good start!

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duncanmcl

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total 81000 oz au 2009 @ $423....a good start!

posted on Mar 08, 10 08:43PM

A total of 16,785 tons of ore containing 20,660 Au eqv oz¹ were extracted which is, nevertheless, a 15% improvement over the third quarter of 2009. A total of 81,211 Au eqv oz was extracted over the 2009 year. Cash costs per ton mined for the quarter were adversely impacted by the lower than planned tonnage; however, good progress was still made on reducing the operating costs, and the cash cost per ore ton extracted from underground improved 12% from US$480 in 2008 to US$423 in 2009.

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