COVID-19

Coronavirus Management

Golden Star values and is committed to safety and employee wellbeing. The Company is also committed to being a part of the community in which it operates.

Our people are our greatest asset and our management of the current COVID-19 pandemic must, to the greatest extent possible, protect our people and our host communities from the risk of transmission of COVID-19 as a result of our operations.

As a major employer and therefore catalyst for rural economic stimulus in our host communities, we share the dual burden of knowing that our continued operations are also critical to the health and wellbeing of our workforce and the thousands of people that they support both directly and indirectly.

In cognizance of these over-lapping responsibilities, our COVID-19 management is highly prevention focussed and proactive. As a company we are working to provide leadership in COVID-19 management to our business partners (contractors, suppliers and consultants), as well as working closely with our partners in the Ghana Health Services for the purposes of integrated management.

A video message on COVID-19 from Andrew Wray, Chief Executive Officer of Golden Star:

CEO VIDEO MESSAGE ON COVID-19 – APRIL 6, 2020

An overview of our Epidemic and Pandemic Management Plan in relation to COVID-19 and the key management controls that have been implemented to date:

View COVID-19 Management Controls

The Company will continue to provide updates for our stakeholders on our COVID-19 management and controls. These News releases can be found here.


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Neither Golden Star Resources Ltd. nor its affiliates, subsidiaries, officers, directors or agents (collectively, “Golden Star” or the “Company”) have any control over (a) the External Site or any linked websites accessible through any External Site, or (b) any data or other content contained, or accessible, therein or in or through any such linked websites. The link to the External Site is provided for convenience purposes only. The information and other content on the External Site is not meant to modify, qualify, supplement or amend information disclosed by or on behalf of the Company under corporate, securities or other legislation in any jurisdiction, and should not be used to make investment decisions involving the Company’s securities.

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Please note the information presented is given as at the date and the time of its original release. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures.

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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