Markets

Great Basin Gold Gives Back Early Gains, Now Lower Despite Q4 Production Gains

Great Basin Gold (GBG.TO) gave back an 8.5% advance early in the session to now trade at 93 cents a share, down a penny, despite the miner reporting a 25% increase in contained gold extracted during the first two months of the current quarter compared with the first two months of the third quarter, rising to 4,140 ounces during October and November from the 3,300 ounces extracted during July and August this summer.

Recovered gold also grew 14% from 3,903 ounces in the prior quarter to 4,467 ounces so far in the current period although total tonnage milled during the quarter fell 14% to 121,974 tons.

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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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