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Friday, 19th December 2008 (1615 views)

Great Basin Gold has announced that it will be trading on the new NYSE Alternext Exchange in the future.

According to the firm, it is "taking the opportunity to re-establish and update the trading symbol used in the US".

Great Basin Gold has traded on the Amex under the symbol GBN, but has been allocated the symbol GBG on the NYSE Alternext to increase consistency, as it currently trades on the Toronto Stock Exchange and the Johannesburg Stock Exchange as GBG.

The NYSE Alternext exchange and trading platform has been created following the merger of the American Exchange (Amex) and the New York Stock Exchange (NYSE).

Vancouver-based Great Basin Gold has stated that it is "poised to become a mid-tier gold producer", with mining assets in the Witwatersrand Basin of South Africa and the Carlin Trend of Nevada.

The company reported earlier this month that it had signed an agreement with Metallic Ventures Gold to purchase the Esmeralda processing plant in Nevada, inclusive of the Esmeralda mine and infrastructure, for $2 million (£1.3 million).

 

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