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Great Basin Gold Up 3% But Nearing Day Lows As Provides Operational Update

Great Basin Gold Ltd. (GBG.TO) is now 3% above yesterday's 94 cents close at 97 cents, but is trading just a cent above day low, after providing an operational update today for its Burnstone Mine in South Africa.

The mining company said the Burnstone Mine continued to make good progress in a number of areas, notably in ore development which increased by 29% and in contained gold extracted (development and stoping), which increased by 16% compared to the similar period in the previous quarter.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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