Great Basin Gold Ltd

Great Basin Gold Ltd. (USA) (AMEX:GBG)

About Great Basin Gold Ltd. (USA) (AMEX:GBG) Great Basin Gold Ltd. (Great Basin) is engaged in the acquisition, exploration, development and trial mining of precious metal deposits. The Company has two material projects, both of which are at the trial mining stage, which consists of the Hollister gold project and the Burnstone gold project. The Company is also conducting early stage exploration on a number of other prospects, primarily in Tanzania and Mozambique. The Esmeralda property was for its ore processing facility, which the Company renovated. During 2009, the Company generated revenue of $33.7 million (US$28 million) from its Hollister operation. The ore was sold under the terms of various toll milling and ore purchase agreements to Newmont Mining Corporation and Echo Bay Minerals Company (Kinross).

Statistics Symbol

GBG

Shares Outstanding

408.40M

Current Price

$2.53

Market Capitalization:

1.03B

52 week range

$1.55 - $3.32

Beta

1.12

Avg Volume

2.01M

Float:

407.14M

Financials Great Basin Gold Ltd. (USA) (AMEX:GBG) generated current quarterly total revenue of $4.26 million that are slightly less than last quarter closing that was $6.07 million. Gross profit and net income has also decreased in current quarter.

The company’s cash flow from operations has decreased enormously to negative $13.76 million from last quarter ending cash flow of negative $8.34 million. That is very frail signal and company could face some problems to repay debts.

Total assets of company mount up to $406.98 million as of 30th September, 2010 that is 1.34%less than last quarter ending but it has managed to maintain the current ratio. The company’s total equity is also gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer would be funds available to invest in future profitable opportunities.

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