April 21 (Reuters) - Great Basin Gold Ltd:
* Enters into ore purchase agreement with Newmont and provides further
operational updates
* Says plans to immediately send 40,000 tons in terms of this agreement
* Says Newmont will settle 75 pct of the estimated value of the ore within 5
days after delivery
* Says expects to recover about 28,000 au eqv oz with estimated proceeds of
$26.3 million in terms of this agreement
* Says sell up to a maximum of 50,000 ore tons, but not less than 35,000 ore
tons
* Sees to recover 28,000 au eqv oz with estimated net proceeds of US$26.3
million in terms of this agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Enters into ore purchase agreement with Newmont and provides further
operational updates
* Says plans to immediately send 40,000 tons in terms of this agreement
* Says Newmont will settle 75 pct of the estimated value of the ore within 5
days after delivery
* Says expects to recover about 28,000 au eqv oz with estimated proceeds of
$26.3 million in terms of this agreement
* Says sell up to a maximum of 50,000 ore tons, but not less than 35,000 ore
tons
* Sees to recover 28,000 au eqv oz with estimated net proceeds of US$26.3
million in terms of this agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
