Golden Star Resources Ltd (TSX:GSC) News and Share PriceMining
Golden Star Resources Ltd, incorporated in 1992, is a gold mining company with focus on mineral properties in West Africa.
It owns and operates a large scale underground non-refractory mine, Wassa Gold Mine, in Ghana.
The company is listed on the three stock exchanges:
• Toronto Stock Exchange: GSC
• NYSE American: GSS
• Ghana Stock Exchange: GSR
Golden Star Resources Ltd claims that the Ghana-based mine has been producing gold for 21 years now.
Golden Star reportedly produced 165,000-175,000 ounces of yellow metal till mid-2021.
The company claims to generate strong cash flow by targeting high margin ounces. Golden Star Resources Ltd aims to become the largest operating entity in the region.
The gold mining company aims to expand its mining reserves and mine life by converting mineral resources to mineral reserves.
Golden Star Resources Ltd further eyes for expansion of operations and mineral reserves outside its existing resource area.
Golden Star’s concession areas lie on the Ashanti Gold Belt, covered in nearly 85 kilometers of the total belt’s 259-kilometer area.
In 1999, Golden Star acquired the Bogoso concessions and its infrastructure and continued exploration drilling operations and oxide ore mining at the facility.
Bogoso Refractory Processing Plant was commissioned in July 2007, the company says.
As a result of the foreclosure of Glencar Mining assets, Golden Star acquired Wassa Gold mine in 2003. In 2007, the construction of an 80-kilometer dedicated haul road culminated, which connects Hwini-Butre to the Wassa mine. In addition, the mining operations at the Benso deposit completed in 2009, followed by commencement of first stage operations at the Adiokrom deposit.
The company also undertook an open-pit mining operation at Father Brown deposit.
In 2013, the gold-focused miner commenced development of a single large pit mine, Wassa Main Pit, from multiple pits.
In 2014, the company released its preliminary economic assessment report regarding the Prestea Underground development. In addition to this, the mining operations commenced at Prestea in 2017.
On January 1, 2017, Golden Star Resources Ltd declared commercial production at the Wassa underground facility.
The company is engaged in exploration project at its Wassa property, wherein surface drilling at south extensions of Wassa orebody has been completed.
Golden Star Resources Ltd regularly posts financial and operational database on the official website.
333 Bay Street, Suite 2400 Toronto, Ontario M5H 2T6