Profile: Golden Star Resources Ltd (GSS)
26 May 2017
Golden Star Resources Ltd., incorporated on May 15, 1992, is a gold mining and exploration company. The Company's segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa), located northeast of the town of Tarkwa, Ghana. The Company, through its subsidiary Golden Star (Bogoso/Prestea) Limited, owns and operates the Bogoso gold mining and processing operations (Bogoso), the Prestea open-pit mining operations and the Prestea underground development project located near the town of Prestea, Ghana. The Company holds interests in various gold exploration projects in Ghana and other parts of West Africa, and in South America it holds and manages exploration properties in Brazil.
The Wassa mine is located in the southwestern region of Ghana approximately 35 kilometers northeast of the town of Tarkwa. It lies in the Birimian Province of the West African Precambrian shield, within the southern portion of the Ashanti Greenstone Belt. The mine hosts a 2.7 million tons per annum (mtpa) CIL processing plant. Ore from both the Wassa Main Pit and Wassa Underground is processed at the Wassa processing plant. Wassa has mineral proven and probable mineral reserves of approximately 1.5 million ounces (oz) at an average grade of over two gram per ton (g/t) gold (Au) and approximately four million oz at an average grade of over 2.02 g/t Au in measured and indicated mineral resources inclusive of mineral reserves.
The Prestea mining operations consist of an underground mine, neighboring open pit, oxide deposits and associated support facilities. Bogoso/Prestea processes the Prestea open pits ore through the non-refractory plant. The Prestea Underground is located 16 kilometers south of the existing Bogoso processing plant. The surface deposits lie to southwest of the town of Prestea. Prestea Underground mine has probable mineral reserves of approximately 469,000 oz at an average grade of over 14.0 g/t Au and indicated resources of approximately 797,000 oz at an average grade of over 16 g/t Au. The Prestea surface deposits are also non-refractory, and have proven and probable mineral reserves of approximately 140,000 oz of gold at an average grade of over 2.30 g/t Au and measured and indicated mineral resources of approximately 175,000 at over 2.12 g/t Au inclusive of Mineral Reserves.
Golden Star Resources Ltd
Sun Life Financial
150 King St W Suite 1200
TORONTO ON M5H 1J9
Company Web Links
- BRIEF-Golden Star reports Q1 results
- BRIEF-Golden Star Resources unit signs commitment letter for $25 mln secured loan facility with Ecobank Ghana
- BRIEF-Golden Star Resources decides to increase its exploration budget
- BRIEF-Golden Star announces mineral reserve and mineral resource update
- BRIEF-Golden Star achieves 2016 production guidance and provides guidance for 2017