Sept 11 (Reuters) – Precious metals miner Great Basin Gold
Ltd said it suspended operations at its Burnstone mine
in South Africa as it was unable to arrange for the working
capital for the mine.
The miner had initiated a strategic review last month to
consider options such as a sale of the company.
Great Basin said it was looking to finance immediate costs
of $30-$40 million related to a shut-down at the mine.
The company also owns the Hollister mine in Nevada.
Great Basin shares closed at 23.5 Canadian cents on Tuesday
on the Toronto Stock Exchange.
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