Price: 4.09 Volume: 236,195 Change: -0.03 % Change: -0.73% April 18, 2019


Price: 1,277.14 Volume: Change: +0.00 % Change: +0% April 21, 2019

Management Team

Sam Coetzer
, President and Chief Executive Officer

Sam Coetzer was appointed President and Chief Executive Officer of Golden Star in January 2013. Sam joined Golden Star in March 2011 and served as Executive Vice President and Chief Operating Officer until December 2012. Sam is a mining engineer and a member of the World Gold Council. He has over 26 years of international mining experience with Kinross, Xstrata, Xstrata Coal and Placer Dome. From February 2009 until joining Golden Star, Sam consulted to and was subsequently appointed as Senior Vice President at Kinross responsible for the South Americas in 2010 prior to joining Golden Star.

André van Niekerk
, Executive Vice President and Chief Financial Officer

André van Niekerk joined Golden Star in 2006. André spent close to five years in Ghana as the head of finance and business operations, after which he was transferred back to the corporate office to take the role of Controller. André was appointed to the role of EVP & CFO in 2014. Whilst based in Ghana, André was Vice Chairman of the Ghanaian Chamber of Mines Energy Committee and a member of the Chamber of Mines Finance Committee. Prior to joining Golden Star, André spent six years with KPMG serving clients in the mining and oil and gas industries.

Daniel Owiredu
, Executive Vice President and Chief Operating Officer

Daniel joined Golden Star in September 2006 as Vice President, Operations and was appointed Executive Vice President Operations and Chief Operating Officer in January 2013. He was subsequently appointed to the board in November 2014. Daniel has more than 30 years of experience in the mining sector in Ghana and West Africa. Most recently, Daniel was Deputy Chief Operating Officer Africa for AngloGold Ashanti where he successfully managed the construction and operation of the Bibiani mine as well as the operation of the Siguiri, Obuasi and Freda Rebecca mines. Daniel has made a significant contribution to mining in Ghana as the country’s former President of the Chamber of Mines and more recently in his appointment as Chairman of the Board of the GCB Bank.

Martin Raffield
, Executive Vice President, Chief Technical Officer

Martin Raffield was appointed Executive Vice President, Chief Technical Officer in December 2018. He joined Golden Star in August 2011 and previously held the role of Senior Vice President, Project Development and Technical Services. Prior to this, from June 2007, he was Principal Consultant and Practice Leader for SRK Consulting in Denver. Martin started his career in 1992 in South Africa working in geotechnical engineering at a number of deep level gold mines for JCI. In 2000, he relocated to Canada with Placer Dome and held the positions of Chief Engineer and Mine Superintendent at their Campbell Mine. Martin moved to Breakwater Resources in 2006 and held the position of Manager of Mining until moving to SRK in 2007.

Martin holds a Ph.D. in geotechnical engineering from the University of Wales and is a Professional Engineer registered in Ontario, Canada.

Tania Shaw
, Vice President, Investor Relations and Corporate Affairs

Tania Shaw joined Golden Star in January 2019. Tania has been in Investor Relations in the Gold sector for the last 14 years. She was previously Vice President of Investor Relations for Oceanus Resources, and prior to that held roles of increasing responsibility with Detour Gold, Primero Mining and Roxgold. Ms. Shaw has her CPIR designation (Certified Professional Investor Relations) and is a member in good standing of CIRI.

Karen Walsh
, Vice President, People and Organizational Development

Karen Walsh joined Golden Star in July 2012 as Vice President People and Organizational Development. Prior to joining Golden Star, she spent six years consulting in the mining industry following her role as Senior Vice President, Human Resources for Placer Dome Inc. Karen has a broad range of human resources expertise including recruiting, succession planning, cultural change initiatives, HR process optimization, project development feasibility studies, global leadership development and performance management.

Mitch Wasel
, Vice President, Exploration

Mitch Wasel joined Golden Star in 1993 and initially spent six years involved in the Gross Rosebel project in Suriname. In 1999, Mitch transferred to Ghana where he has been involved with many exploration projects, most recently the development at Wassa and Prestea. In 2005 he took over as Exploration Manager, Africa and in 2007 Mitch was appointed Vice President Exploration. Prior to joining Golden Star, Mitch spent a decade working in gold and base metal exploration in north western Canada, including in the Northwest Territories, the Yukon and British Columbia.

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Non-GAAP Information

Golden Star also uses certain non-International Financial Reporting Standards (“IFRS”) financial measures as defined in applicable Canadian and United States securities laws ("non-GAAP measures"), including the terms “cash operating cost per ounce”, “all-in sustaining costs”, “cash generated from operations before working capital changes”, “adjusted net (loss)/income attributable to Golden Star shareholders and “adjusted net (loss)/income per share attributable to Golden Star shareholders”. Golden Star believes that these measures are similar to the measures of other gold mining companies, but may not be comparable to similarly titled measures in every instance. In addition, changes in numerous factors including, but not limited to, Golden Star’s share price, risk free interest rates, gold prices, mining rates, milling rates, ore grade, gold recovery, costs of labor, consumables and mine site general and administrative activities can cause these measures to increase or decrease.

Golden Star believes these measures are useful non-GAAP operating measures and supplement the IFRS disclosures made by the Company. These non-GAAP measures are not representative of all of Golden Star's cash expenditures and there are material limitations associated with the use of such non-GAAP measures. Since these non-GAAP measures do not incorporate all non-cash expense and income items, changes in working capital and non-operating cash costs, they are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS.

The non-GAAP information is not prepared in accordance with IFRS and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed in isolation or as a substitute for, or superior to, other data prepared in accordance with IFRS. For an explanation of the Non-GAAP financial measures used by the Company, please refer to the heading “Non-GAAP Financial Measures” in the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Three Months ended March 31, 2014 and the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Year Ended December 31, 2013, available at www.sedar.com.

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