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Last C$0.41 CAD
Change Today +0.01 / 2.50%
Volume 193.6K
GSC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 3:59 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

golden star resources ltd (GSC) Snapshot

Open
C$0.40
Previous Close
C$0.40
Day High
C$0.41
Day Low
C$0.38
52 Week High
06/20/14 - C$0.70
52 Week Low
12/22/14 - C$0.20
Market Cap
106.4M
Average Volume 10 Days
457.1K
EPS TTM
C$-0.09
Shares Outstanding
259.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOLDEN STAR RESOURCES LTD (GSC)

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golden star resources ltd (GSC) Details

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 approximately 35 kilometers from the town of Bogoso in Ghana; and Bogoso gold mining and processing operation located near the town of Bogoso in Ghana. It also has a 90% interest in the Prestea Underground mine in Ghana; and 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. Golden Star Resources Ltd. was founded in 1984 and is headquartered in Toronto, Canada.

Founded in 1984

golden star resources ltd (GSC) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $251.6K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $400.0K
Senior Vice President of Operations, Project ...
Total Annual Compensation: $280.0K
Vice President of Exploration
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2014.

golden star resources ltd (GSC) Key Developments

Golden Star Resources, Ltd. Announces Securing of $150 Million Financing from Royal Gold, Inc. and RGLD Gold AG

Golden Star Resources, Ltd. announced the securing of a $150 million financing with Royal Gold Inc. (RGI) and its wholly-owned subsidiary RGLD Gold AG. The $150 million financing consists of a $130 million stream transaction with RGLD and a further $20 million term loan from RGI. RGLD has agreed to pay Golden Star a $130 million advance payment in exchange for a gold stream on Golden Star's Bogoso, Prestea and Wassa mines. The proceeds from the stream will allow Golden Star to develop the Wassa and Prestea underground mines. Under the purchase and sale agreement Golden Star will receive an initial $55 million payment when certain customary conditions precedent have been met and the remaining $75 million will be paid as spending on the Wassa and Prestea underground mines progresses in line with an agreed payment schedule. It is anticipated that Golden Star will receive the full $130 million advance payment by September 2016. In exchange for the advance, Golden Star agrees to sell to RGLD: an initial gold stream of 8.5% of production from Bogoso, Prestea and Wassa to RGLD at a cash purchase price of 20% of spot price until 185,000 ounces have been delivered. Thereafter a reduced gold stream of 5% of production at a cash purchase price of 20% of spot gold until a further 22,500 ounces have been delivered. Thereafter a tail gold stream of 3% of production at a cash purchase price of 30% of spot gold. After the 207,500 ounces of gold have been delivered in full, Golden Star will have the option to repurchase 50% of the tail stream thereby reducing the tail stream to 1.5% of production. If RGLD elects not to sell 50% of the tail stream back to Golden Star it will be required to increase the tail stream by 50% for the same price that Golden Star offered. RGLD's advance payment will be secured against the Wassa, Bogoso and Prestea assets. RGLD will subordinate its security in support of up to $25 million in financing from the existing undrawn Ecobank II $25 million facility that will remain in place. RGI has agreed to provide Golden Star with a $20 million secured term loan for a four year period at an interest rate linked to the gold price. The interest rate is calculated as the product of the average spot gold price over the quarter and 62.50% divided by 10,000, and shall not exceed 11.5%. At a gold price of $1,200 this equates to an interest rate of 7.5% and compares favorably to the interest rate of 9.5% due on Golden Star's drawn with Ecobank I loan. The loan will be used to retire outstanding indebtedness under the $50 million existing Ecobank facility, of which $38 million is currently outstanding. The remaining $18 million of this facility will be repaid with a portion of the upfront proceeds from the stream arrangement. Interest payments on the loan will be made quarterly in arrears and the remaining capital portion of the loan is due on the fourth anniversary of the effective date of the transaction, subject to an agreed quarterly 25-50% excess cash flow sweep from the third quarter of 2017 onwards. There are no early prepayment penalties. RGI's secured loan will be secured against the Wassa, Bogoso and Prestea assets. RGI will subordinate its security in support of up to $25 million in financing from the existing undrawn Ecobank II $25 million facility that will remain in place. Funding under the loan is contingent upon the satisfaction of certain customary conditions precedent, including the registration and filing of Royal Gold's security interests in the collateral for the loan.

Golden Star Resources, Ltd. Reports Consolidated and Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for the Year 2015

Golden Star Resources, Ltd. reported consolidated and unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $76.5 million compared to $86.6 million for the prior quarter. Capital expenditures were $12.8 million. Adjusted net loss attributable to the company was $9.0 million. Net loss attributable to shareholders was $13,127,000 or $0.05 basic and diluted loss per share against $48,155,000 or $0.19 basic and diluted loss per share for the same quarter a year ago. Cash flow provided by operations was $4,838,000 against $4,316,000 for the same quarter a year ago. For the quarter, the company produced gold was 63,245 ounces compared to 72,085 ounces in the prior quarter with fewer tonnes at lower grade processed. For the year 2015, the company expects total capital expenditure of $72 million. For the year 2015, the company announced that in 2014, it produced 261,000 ounces of gold and is expected to produce 250,000 - 275,000 ounces in 2015.

Golden Star Resources, Ltd. to Report Q1, 2015 Results on May 07, 2015

Golden Star Resources, Ltd. announced that they will report Q1, 2015 results Pre-Market on May 07, 2015

 

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GSC Competitors

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Company Last Change
Beadell Resources Ltd A$0.22 AUD 0.00
Dundee Precious Metals Inc C$2.86 CAD -0.03
Kingsgate Consolidated Ltd A$0.85 AUD -0.015
Regis Resources Ltd A$1.20 AUD -0.015
Teranga Gold Corp C$0.79 CAD +0.01
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Industry Analysis

GSC

Industry Average

Valuation GSC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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