burnstone mine and assets) • all shareholder loans and inter-group loans against southgold offer consideration • payment of $7.25 million on completion of transaction • total debt reduced by 55% to $177.3 million back-ranked to new funding and ring-fenced to and repaid from burnstone free cash flow
• sibanye independent technical report on the audit conducted on beatrix driefontein kloof cooke 1 2 3 and 4 gold mines southafrica 2015 • asanko gold nkran mine abore asuadai adubiaso and dynamite hill project acting as a qp competent person ni 43101 report and resource estimation for an open pit operation on gold using kriging
about sibanye-stillwater is a leading international precious metals mining company with a diverse portfolio of platinum group metal (pgm) and gold operations and projects. we are the world’s largest primary producer of platinum the second largest primary producer of palladium and the third largest producer of gold (on a gold-equivalent basis) as well as a …
burnstone is located in the south rand basin a subsidiary of the main witwatersrand basin. the gold-bearing target uk9 reef of the kimberley formation occurs in the central rand group of rocks. this reef lies between the outcrop and a depth of 1300m below surface in the mining right area.
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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 who in turn was acquired by sibanye gold. feasibility study on the gold project was completed in 2015 as project development started in 2016.
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