January 30, 2015 4:43 AM ET

Metals and Mining

Company Overview of Golden Star (Bogoso/Prestea) Limited

Company Overview

Golden Star (Bogoso/Prestea) Limited was formerly known as Bogoso Gold Limited, it owns a 90% interest in Bogoso/Prestea property, which is comprised of the adjoining Bogoso and Prestea surface mining leases for exploration and production of Gold. Bogoso/Prestea produced and sold approximately 103,800 ounces of gold in 2006. Golden Star (Bogoso/Prestea) Limited operates as a subsidiary of Golden Star Resources Ltd. The Company is based in Ghana.



Key Executives for Golden Star (Bogoso/Prestea) Limited

General Manager
Compensation as of Fiscal Year 2014.

Golden Star (Bogoso/Prestea) Limited Key Developments

Golden Star (Bogoso/Prestea) Announces Sales and Operational Results for the First Quarter Ended March 31, 2013

Golden Star Bogoso/Prestea announced sales and operational results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue totaled $58.0 million, down $11.6 million from $69.6 million in the first quarter of 2012. The decrease in revenue is the result of lower realized gold prices and a decrease in the number of ounces sold due to the extended maintenance of the SAG mill, as compared to the first quarter of 2012. For the quarter, refractory plant processed 523,000 tones of ore versus 611,000 tones of ore in the first quarter of 2012. The company produced and sold 26,367 ounces of gold from its refractory plant versus 34,338 ounces in the first quarter of 2012. Metallurgical recovery at the refractory processing plant was 70.2% in the first quarter of 2013, slightly lower than 73.3% in the first quarter of 2012. Its non-refractory plant processed 218,000 tones of ore versus 173,000 tones of ore in the first quarter of 2012. The company produced and sold 9,128 ounces of gold from its non-refractory plant versus 6,904 ounces in the first quarter of 2012. Metallurgical recovery at the non-refractory plant was 52.2% in the first quarter of 2013, down slightly from 54.1% in the same period of 2012.

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