Asset report

Burnstone gold mine project

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Report summary

Burnstone 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. In 2015 Sibanye Gold completed a feasibility study which envisaged production of 100 120koz/a over a 23 year mine life. Capital expenditure was estimated at R1.852 billion for life of mine production of 1.727 Moz of gold.

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