January 23, 2017 1:31 AM ET

Metals and Mining

Company Overview of Golden Star (Bogoso/Prestea) Limited

Company Overview

Golden Star (Bogoso/Prestea) Limited 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. The company was formerly known as Bogoso Gold Limited and changed its name to Golden Star (Bogoso/Prestea) Limited in August 2006. The company is based in Bogoso, Ghana. Golden Star (Bogoso/Prestea) Limited operates as a subsidiary of Golden Star Resources, Ltd.

P. O. Box 11

Bogoso,  

Ghana

Phone:

233 03120 20469

Fax:

233 03120 20295

Key Executives for Golden Star (Bogoso/Prestea) Limited

Golden Star (Bogoso/Prestea) Limited does not have any Key Executives recorded.

Golden Star (Bogoso/Prestea) Limited Key Developments

Golden Star (Bogoso/Prestea) Limited Announces Earnings and Production Results for Fourth Quarter and Full Year Ended December 31, 2015 ; Provides Production Guidance for the Year 2016

Golden Star (Bogoso/Prestea) Limited announced earnings and production results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenue of $22,760,000, mine operating margin of $1,349,000, capital expenditures of $5,725,000. For the year, the company reported revenue of $131,998,000, mine operating margin of $36,473,000, capital expenditures of $23,139,000 compared to the revenue of $186,181,000, mine operating margin of $12,846,000, capital expenditures of $17,249,000 for the previous year. For the quarter, the company reported ore mined non-refractory of 301,397 tonnes, total ore mined of 301,397 tonnes, waste mined of 894,081 tonnes. For the year, the company reported ore mined refractory of 1,230,333 tonnes, ore mined non-refractory of 480,583 tonnes, total ore mined of 1,710,916 tonnes, waste mined of 3,603,153 tonnes, refractory ore processed of 1,520,541 tonnes compared to the ore mined refractory of 2,690,760 tonnes, total ore mined of 2,690,760 tonnes, waste mined of 12,169,105 tonnes, refractory ore processed of 2,542,273 tonnes for the previous year. Production in 2016, which will be sourced from the Prestea Open Pit mines, is expected to be 60,000 – 70,000 ounces at cash operating costs of $840 - $970 per ounce.

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