May 25, 2017 3:34 AM ET

Metals and Mining

Company Overview of Golden Star Resources Ltd.

Company Overview

Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground development project, and a carbon-in-leach processing plant located northeast of the town of Tarkwa, Ghana; and Bogoso gold mining and processing operation located near the town of Prestea, Ghana. It also holds interests in various gold exploration projects in Ghana and other parts of West Africa, and in South America, as well as holds and manages exploration properties in Brazil. The company was founded in 1984 and is headquartered in Toronto, Canada.

Sun Life Financial Tower

Suite 1200

150 King Street West

Toronto, ON M5H 1J9

Canada

Founded in 1984

1,176 Employees

Phone:

416-583-3800

Key Executives for Golden Star Resources Ltd.

Chief Executive Officer, President and Non-Independent Director
Age: 55
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice President
Age: 39
Total Annual Compensation: $270.0K
Chief Operating Officer, Executive Vice President and Non-Independent Director
Age: 58
Total Annual Compensation: $400.0K
Senior Vice President of Project Development and Technical Services
Age: 47
Total Annual Compensation: $280.0K
Vice President of Exploration
Age: 51
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2016.

Golden Star Resources Ltd. Key Developments

Golden Star Resources, Ltd. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2017; Provides Capital Expenditures Guidance for the Year 2017; Provides Production Guidance for the Second Quarter, Second Half and Full Year 2017

Golden Star Resources Ltd. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2017. For the quarter, the company's revenue was $68,545,000 compared to $61,067,000 a year ago. Net income attributable to the company shareholders was $170,000 or $0.00 per basic and diluted share compared to $2,051,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $9,438,000 or $0.03 per basic share compared to $928,000 or $0.00 per basic share a year ago. Additions to mining properties was $155,000 compared to $264,000 a year ago. Additions to construction in progress $16,548,000 compared to $15,650,000 a year ago. Adjusted net income attributable to the company shareholders was $3,411,000 or $0.01 per basic share compared to $8,538,000 or $0.03 per basic share a year ago. Capital expenditures were $16,703,000 against $15,914,000 a year ago. For the quarter, the company's total gold produced of 57,795 ounces compared to 53,217 ounces a year ago. For the year 2017, the company expects capital expenditures of $63 million, which includes the enhanced exploration budget. For the second quarter of 2017, gold production is expected to be in line with the production results for the first quarter of 2017. For the second half of 2017, the company expects gold production to be weighted. For the year 2017, the company expects consolidated production of 255,000-280,000 ounces of gold at a cash operating cost per ounce of between $780 and $860, an AISC per ounce of between $970 and $1,070.

Golden Star Resources Ltd., Q1 2017 Earnings Call, May 04, 2017

Golden Star Resources Ltd., Q1 2017 Earnings Call, May 04, 2017

Golden Star Resources Ltd. to Report Q1, 2017 Results on May 03, 2017

Golden Star Resources Ltd. announced that they will report Q1, 2017 results at 5:00 PM, Eastern Standard Time on May 03, 2017

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Recent Private Companies Transactions

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