09:46 AM EST - Great Basin Gold Ltd. : announced results for the third fiscal quarter which ended September 30, 2010. Earnings for the quarter were negatively impacted by extraordinary charges that included a $7-million fair value charge on the zero-cost-collar hedge program executed in August 2010, a stockpile adjustment of $1.3 million and a negative adjustment of $3 million to revenue following the completion of the milling campaigns. Excluding these charges results in an adjusted loss per share of $0.03, which is a 67% improvement on the $0.05 loss per share reported in the third quarter of 2009. Great Basin Gold Ltd.
shares T.GBG are trading down $0.12 at $2.84.
