Golden Star operates the Wassa gold mine in south-western Ghana

Wassa

The Wassa Gold Mine is located in western Ghana, 35 km northeast of the town of Tarkwa along the Ashanti Greenstone Belt. It transitioned to a primarily underground-focused operation in 2018.

Wassa is expected to produce 162,000-174,000 ounces of gold at a cash operating cost under $1,200 per ounce in 2022.

 








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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.

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