Golden Star is an established West African gold mining company. The Company has two producing mines in Ghana and is a high grade, low cost, non-refractory gold producer.
Golden Star is listed on the NYSE American stock exchange (ticker: GSS), the Toronto Stock Exchange (ticker: GSC) and the Ghana Stock Exchange (ticker: GSR).
The investment case for Golden Star is as follows:
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Established, Mid-Tier Producer
Golden Star has a 19 year history of producing gold in Ghana. With two producing mines, Wassa and Prestea, in the south-west of the country. The Company expects to produce 220,000-240,000 ounces of gold at a cash operating cost of $620-$680 per ounce in 2019. Ghana is a stable jurisdiction with a century-long history of mining and good existing infrastructure.
Focused On Cash Flow Generation
In 2019 Golden Star will operate as an underground only gold producer. The Company will target the high grade, high margin ounces that are anticipated to generate the strongest cash flow.
Strong exploration upside potential
Golden Star has significant potential to expand its Mineral Reserves and the lives of its operations through converting its Mineral Resources to Reserves. There is also substantial potential to expand our Mineral Reserves outside of the current resource area. Golden Star’s mineral concession areas cover approximately 85km of the 250km Ashanti Gold Belt. We have the largest land package of any company operating in Ghana, including the major gold producers.
Experienced management team
Golden Star has an experienced management team with a track record of discovery and project delivery. Sam Coetzer, our President and Chief Executive Officer, is a mining engineer by background with over 26 years’ experience. He previously worked for Kinross, Xstrata Nickel, Xstrata Coal and Placer Dome at open pit and underground mining operations.