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WITS GOLD GETS THE NOD FOR BURNSTONE ACQUISITION. Johannesburg, Jul 6. Witwatersrand Consolidated is a step closer to gaining its first …

South Rand Goldfields Burnstone Mine Wits Gold • A South African focussed, fully empowered, junior gold developer and emerging producer • World's fifth largest gold resource attributable to a single company (157 Moz) • Total Probable Reserves of 8.5 Moz gold (55.1Mt @ 4.8g/t) • JSE, TSX listed: WGR; ADR: WIWTY • Shares in issue: 34.5 …

17 April 2023 Burnstone gold mine project Report summary 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. An option on the mine was acquired by Wits Gold which in turn was acquired by Sibanye-Stillwater.

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8 km E from Balfour, South Africa. Project Contacts: Constantia Office Park Cnr 14th Avenue & Hendrik Potgieter Road Bridgeview House Ground floor. Weltevreden Park. South Africa. 1709. ... +27-11-278-9863. Additional Resources for Suppliers & Investors.

The Burnstone asset was acquired with the purchase of junior exploration company Wits Gold in July 2014. Burnstone, which was formerly operated as a mine until placed on care and maintenance in mid-2012, comprises …

Jul 8, 2013 Johannesburg, South Africa — 08 July 2013 – Witwatersrand Consolidated Gold Resources Limited (Wits Gold) has announced that it is the sole preferred bidder for the Burnstone gold mining operation near Balfour, in the Mpumalanga province of South Africa

Wits Gold shareholders are referred to the cautionary announcement released on the Securities Exchange News Service (" SENS ") and on SEDAR on Friday, 21 June 2013, and are advised that the...

Meanwhile, Wits Gold's 25.5% black economically empowered partner is financially unencumbered, leaving it free to follow its rights in the event of an equity capital raising exercise.

Westonaria, 11 December 2013: Sibanye Gold Limited (JSE: SGL & NYSE: SBGL) today announced that it had offered to acquire the entire issued share capital of Witwatersrand Consolidated Gold Resources Limited ("Wits Gold") for a cash consideration totaling approximately R407 million (the "Proposed Transaction").

JOHANNESBURG (miningweekly) – Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces …

Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal...

Mineweb for MINING | July 5, 2013 | 9:56 pm Precious Metals Africa Gold. South Africa's Wits Gold has made an offer for Great Basin Gold's Burnstone mine to give the company its first ...

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Burnstone Mine ("Burnstone") on the South Rand Goldfield, entered into business rescue • Burnstone was placed on care and maintenance under the control of a small management team employed under short-term contracts • On 4 July 2013 Wits Gold submitted a binding offer for the acquisition of

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JOHANNESBURG (miningweekly) – Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 …

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Wits Gold, based in Johannesburg, is making the offer as gold producers in the nation confront slumping prices for the metal and labour unrest amid demands by …

Jul 5, 2013 [ miningmx] – PHILIP Kotze said failure at Burnstone – the Mpumalanga province mine that wrecked the fortunes of former owner Great Basin Gold – would signal "the end' for …

Jul 8, 2013 Johannesburg, South Africa — 08 July 2013 – Witwatersrand Consolidated Gold Resources Limited (Wits Gold) has announced that it is the sole …

Jul 8, 2013. Johannesburg, South Africa — 08 July 2013 – Witwatersrand Consolidated Gold Resources Limited (Wits Gold) has announced that it is the sole preferred bidder for the Burnstone gold mining operation near Balfour, in the Mpumalanga province of South Africa. Burnstone is wholly owned by Southgold Exploration (Pty) …

Although the price for Wits Gold was relatively modest, it will require a formidable investment to return Burnstone to production. "Burnstone was acquired at virtually no cost but Sibanye needs to spend around R1.3 …

Consolidated Gold Resources Limited (Wits Gold) • Wits Gold had previously secured an option to acquire Southgold Exploration (Pty) Ltd (Southgold), which owns the Burnstone operation (Burnstone), through a ... Burnstone mine - overview • Designed as a shallow (~250m to ~1,000m), semi-mechanised mine • Mine construction started in 2006

JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone project from Wits Gold for R1 in 2015. Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week.

A study by previous owner Gold Fields indicated that 8.8 million oz of gold could lie below the mine's existing infrastructure, which has reached a depth of 2.1 miles. The deepening of No. 9 subvertical shaft would extend …

They comprise two established shaft complexes, a 125 000-t-a-month carbon-in-leach gold processing plant, tailings storage and related surface infrastructure and mining rights. Prior to 2012, Burnstone produced 38 000 oz of gold and holds a mining right for the period from February 16, 2009, to February 16, 2027, covering a total area of …

The mine design and schedule was limited to the mineable Mineral Reserves within a 3 km radius of the shaft infrastructure. A total of 4.8 km of development was completed in 2017 with first gold expected in 2018. Peak production should be achieved by 2022. Burnstone is a shallow gold mine exploiting the UK9 Reef of the Kimberley Formation. Two ...

Report summary. 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. An option on the mine was acquired by Wits Gold which in turn was acquired by Sibanye-Stillwater. A feasibility study on the gold project was completed in 2015, and …