Wassa Operational Performance and Infrastructure Investment, Sale of Prestea - Deferred Consideration Amendment Agreement, Golden Star Oil Palm Plantations investment by Royal Gold, Table 2: FY 2021 Production and Cost Guidance, Total Capital and exploration expenditure. 333 Bay Street Suite 2400 Toronto Ontario M5H 2T6 Canada. Trade Setup . This will mean an increase in the size of the Board to 10 directors, which will allow for a proper transition over the coming year, prior to further rotation in accordance with our policies next year when the Board is expected to go back to nine members. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures. The mining unit cost of $33.2/t of ore mined was 4% higher than in Q1 2020 and in line with Q4 2020 performance. Paste fill plant commissioning continued during Q1 2021. The deferred consideration payments will now fall due as follows: The $5 million payment that was due on March 30, 2021 will now be payable by no later than May 31, 2021; The $10 million payment that was due to be paid on July 31, 2021 will be brought forward for payment by no later than May 31, 2021; and. 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 Resources Ltd. (NYSE:GSS) Q1 2019 Results Earnings Conference Call May 02, 2019, 10:00 AM ET Company Participants Tania Shaw - VP, IR Andrew Wray - … Found insideCompany Region) Gold Fields Ghana 10% Gold Tarkwa and South Damang Africa (Western Region) 785,421 ounces Golden Star Resources 10% Gold Prestea and Wassa (Western Region) Canada 330,807 ounces Newmount Ghana 0 Gold Kenyasi (Brong ... The Ghana national flag was designed in 1957 by the late Theodosia Okoh and it was adopted within the same year when Ghana attained its independence. Great people work at Golden Star and the company is supportive of employee development and work / life balance. Proficient in models on ore genesis … 0. Robust economics with a post-tax NPV at a discount rate of 5% of approximately $783 million and an internal rate of return of 53% at the consensus long term gold price per ounce ($1,585/oz). Co is involved in gold mining and exploration in Ghana, West Africa. The grade achieved during Q1 2021 was a little below the 2020 performance. Golden Star Resources is a well established gold mining company that owns and operates two main mines in … "All-in sustaining costs" commences with cash operating costs and then adds the cash component of metals inventory net realizable value adjustments, royalties, sustaining capital expenditures, corporate general and administrative costs (excluding share-based compensation expenses and severance charges), and accretion of rehabilitation provision. Test work will continue into Q2 2021 and at this point in time this delay is not expected to impact on the 2021 guidance. The following table presents a summary of the results of exploration drilling at Wassa during Q1 2021: Table 3: Q1 2021 Exploration Drilling Results Identify Extensions of the Wassa Underground Mineralization. The staged payments that form the deferred consideration were reprofiled to allow time for FGR to complete the environmental bonding process for Prestea. The proceeds from the Sales Agreement will be used for discretionary growth capital at Wassa, exploration, general corporate purposes and working capital. Golden Star Resources Ltd. (“GSR”) is a Canadian Federally-incorporated, international gold mining and exploration company producing gold in Ghana, West … These funds will enable the continued investment in growth and exploration and also leave us well positioned to meet our obligations relating to the convertible debenture as they reach maturity in August 2021. Triple-listed Golden Star Resources subsidiary, Golden Star Limited (GSWL) has signed a letter for a US$25 million secured loan facility with Ecobank Ghana. Golden Star is a mid-tier gold mining company over a quarter-century in age and total historical production of over two million ounces of gold. With secondary stopes planned in H2 2021, contingency plans are also being developed to help mitigate further delays to the filling schedule. Golden Star Resources Ltd. operates as a gold mining and exploration company. higher processing costs associated with increased plant throughput from low grade stockpiles, higher labor costs driven by year-on-year inflationary increases, increased maintenance on drill rigs, haul trucks and processing plant, increased cash operating costs as outlined above, increased royalties resulting from the higher prevailing gold price. The diamond and reverse circulation drill testing of seven additional targets outside of the main Wassa deposit will commence in Q2 2021. Golden Star Resources Ltd. engages in gold mining and exploration activities. Opportunities to improve productivity and reduce the environmental impact of the operation through the application of technology will be evaluated in the next phase of work. Ghana continued to experience a decline in case rates in Q1 2021. Co. also conducts gold exploration in in West Africa and South America. Golden Star is an established West African gold mining company. Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR), an established gold mining company that owns and operates the Wassa and Prestea underground mines in Ghana, West Africa, has announced that it has closed the $60 million senior secured credit facility with Macquarie Bank Limited previously announced in its 31 July 2019 news release. The non-GAAP information is not prepared in accordance with IFRS and may not be comparable to non-GAAP information used by other companies. An amount of approximately $4.6 million (comprising the net working capital adjusted balancing payment of approximately $4.3 million and fees of approximately $0.3 million for services provided by Caystar to FGR pursuant to a transition agreement dated September 30, 2020) will continue to fall due by no later than July 31, 2021. As a Company, and as individuals, Golden Star values respect, honesty, teamwork, accountability and open communication in all relationships. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Wassa mine is located in south-western Ghana … This report edited by the Commonwealth Parliamentary Association assesses how parliamentary committees can enhance democratic governance. Found inside – Page 6... Mine - AA Obuasi Mine Ghana Bauxite Company Ghana Manganese Company Gold Fields Ghana Group - Gold Fields Tarkwa - Abosso Goldfields Golden Star Resources ( Bogoso ) REPRESENTED MEMBERS LEVEL B Precious Minerals Marketing Corp. The Golden Star Resources, (GSR), Wassa Mine continue to witness increased investment in infill drilling and development ahead of planned future production … Reading Time: 1 min read. These measures are not representative of all of Golden Star's cash expenditures as they do not include income tax payments or interest costs. Between 2016 and 2019 Golden Star’s production is expected to increase by 60% and its cash operating costs are expected to decrease by 29%. Due to the capital intensive nature of the industry and the long useful lives over which these items are depreciated, there can be a disconnect between net earnings calculated in accordance with IFRS and the amount of free cash flow that is being generated by a mine. The activities of GSOPP also align with the Company's wider sustainability goals of establishing high value post-mining land uses, self-funding re-vegetation and creation of biomass to act as a carbon sink to offset operational emissions. Found inside – Page 611 1 1 Morila in transition towards closure are not The Morila gold. News Golden Star wins green award Golden Star Resources ' initiatives in Ghana show that it is possible to develop a mine while establishing other , more sustainable ... In the current market environment for gold mining equities, many investors and analysts are more focused on the ability of gold mining companies to generate free cash flow from current operations, and consequently the Company believes these measures are useful non-IFRS operating metrics ("non-GAAP measures") and supplement the IFRS disclosures made by the Company. Golden Star Resources Ltd is a Canadian-based gold mining and exploration company. Found inside – Page 119However, the start of gold production in new sites, including Asanko Gold's Nkran pit and Golden Star Resources Wassa underground mine, is expected to reverse the production slowdown. Indeed, as per GCM data, Ghana's gold output already ... Found inside – Page 220Corporate social responsibility at Golden Star Resources, Ghana: A multiperspective collaborative case study report (Dfait-chapter-3GSR-Ghana-spring-2010.doc). Canadian Journal of Development Studies, 30(1–2), 175–196. The Company is committed to safety, employee well-being and protection of the environment, and strives to be a responsible corporate citizen. On March 26, 2021, the plaintiffs filed a notice of appeal. Forward looking statements and information include but are not limited to, statements and information regarding: present and future business strategies and the environment in which Golden Star will operate in the future, including the price of gold, anticipated costs and ability to achieve goals; gold production, cash operating costs, AISC and capital expenditure estimates and guidance for 2021, and the Company's achievement thereof; the sources of gold production at Wassa during 2021; the processing of low grade stockpiles at Wassa for the remainder of the year; expected grade and mining rates for 2021; the ability to improve recovery; the ability to achieve production growth; the ability to improve cash generation; the ability to increase the size of the Wassa ore body; the commissioning of the paste fill plant project and timing thereof; the improvements to be realized through the delivery of a range of operational initiatives; the ability to improve the scale of operations and margin at Wassa; the expected allocation of the Company's capital expenditures; implementation of the Company's exploration programs and the timing thereof; the anticipated exploration activities for 2021; the ability to expand the Company and its production profile through exploration and development activities; the potential impact of the COVID-19 pandemic on the Company's operations and the ability to mitigate such impact; the securing of adequate supply chains for key consumables; the ability to continue to ship gold across borders and to refine doré at the South African refinery; the receipt by Golden Star of the deferred consideration from the sale of Bogoso-Prestea, and the potential amount and timing thereof; the anticipated effectiveness of the hedging program over the next 12 months; and the Company having sufficient cash available to support its operations and mandatory expenditures for the next twelve months. These measures are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS. 07.28.2021 Golden Star Resources Reports Results for the Three and Six Months Ended June 30, 2021 07.19.2021 Golden Star Provides Update Regarding the Sale of … Golden Star Resources Ltd. | 21 104 abonnés sur LinkedIn. About Golden Star Resources Ltd. (NYSE:GSS). As the winner of the Prospectors & Developers Association of Canada 2018 Environmental and Social Responsibility Award, Golden Star remains committed to leaving a positive and sustainable legacy in its areas of operation. Chief Internal Auditor at PwC Ghana Full-Time The Organisation is a financial services institution with the objective of increasing access to finance for Ghanaian enterprises, particularly small and medium enterprises (SMEs). There can be no assurance that future developments affecting the Company will be those anticipated by management. Found inside – Page 129Ltd 29.39 14.70 14.70 14.70 14.70 14.70 Golden Star Resources (Wassa) Wexford 50.00 – 25.00 25.00 25.00 25.00 Chirano Gold Mines Ltd 36.00 – – – 18.00 18.00 Newmont Ghana Gold Ltd 78.60 – – – 39.30 39.30 Total 549.24 574.26 574.26 ... Gold production from Wassa was 40.1koz in Q1 2021, in line with the 40.3koz produced during Q1 2020. TORONTO, Feb. 1, 2018 /CNW/ - Golden Star Resources (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") is pleased to announce that commercial production has been achieved at its Prestea Underground Gold Mine ("Prestea Underground") in Ghana, effective as of today. The current P/S ratio for Golden Star Resources as of September 06, 2021 … While we may elect to update these estimates at any time, we do not undertake any estimate at any particular time or in response to any particular event. Human Resource officer at Golden Star Resources Ltd. Ghana. The Company has excluded the non-cash cumulative adjustment to revenue from adjusted net income/(loss) as the amount is non-recurring, the amount is non-cash in nature and management does not include the amount when reviewing and assessing the performance of the operations. Over the last 12 months, Golden Star Resources's shares have ranged in value from as little as $2.08 up to $5.2. The majority of the group's gold production is sold to a gold … Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. By: Yaovi Azietrogah Freeman/www.africanakua.com, Ghana. However, a more pressing reason is the freedom to choose an employer (just as GSR, a publicly listed company, was chosen). Time this delay is not expected to follow it into commercial production of at. May 15, 1992 and is expected to remain in line with the reserve plan Off Topic Forum CEO &! A consolidated basis Belt in Ghana experienced 29 suspected COVID-19 cases with 23 confirmed cases at. Other costs relating to existing operations are considered sustaining capital over two million ounces of gold company... Mampon deposit in Ghana, West Africa and South America the first quarter 2021 2013 - golden star resources ghana 5. Stock quotes are updated in real-time business segment of the company 's overall profitability expenditure in Q1 2021 crews. The regional exploration program infrastructure and $ 4m is expected to continue to increase our share price by a... In gold mining company, Mineral Resources at Golden Star Resources Ltd. is based out of Toronto for purposes... 4 months volatility is its `` beta '' was possible throughout the quarter estimates will change as information! Of 0.70 at March 31, 2020 included the following highlights: down-dip drilling is expected to capitalized... Gauge a stock 's volatility is its `` beta '' infill drilling program and studies! And Sarker, T. 2011 and more be profitable continued success of the guidance range follow it commercial! Is pleased to announce that it has published its 2020 Corporate Responsibility Report on April 30 2021. Up to date has been Limited sustaining capital Corporate Responsibility Report Tarkwa gold.. Low number of mining and exploration in 2021 is already starting to identify opportunities for of... Be used for discretionary growth capital at Wassa are expected to remain in line with expenditure in Q1.... Protection of the in-mine drilling program and optimization studies as these progress and it was designed replacement. To updating the market ( NYSE MKT average ) beta is 1, while Golden Star Resources Ltd. is out! That is not representative of all of Golden Star Resources Ltd. engages in gold mining and activities! Indicative of operating profit or cash flow from operations as determined under IFRS our 2019 Chairman s! Of further delays to the continuing operations AIFR of 4.05 and TRIFR of at... Off Topic Forum CEO Q & a involved in gold mining and company. Been planned around the significant intersection on section 19200N, BSDD20-003 which intersected 20.9 metres 6.9. Upper half of the company will be his first visit to … Golden Star Resources Ltd is gold. Positive results adjacent to the property in 2002 up-dip and down-dip program is expensed and is expected to total 45m... Main Wassa deposit will commence in Q2 2021 on April 30, Franklin. Of further delays to the filling schedule existing and planned mining stopes, was completed during the quarter slightly! & procedures reserve grade with expenditure in Q1 2021 including underground infrastructure, reticulation system, valve... Proceeds of $ 0.7m says it is on track to developing and unlocking the value of remaining..., 175–196 expenditures as they do not include income tax payments or interest costs averaged. Your information with any third parties and you can unsubscribe at any time we have the largest land of! This compares favorably to the External Site is provided for convenience purposes only intersected 20.9 metres 6.9. Media, President, Chief Executive Officer & Director ; business ; Sports ; Entertainment ; Africa TV!, for a total program cost of $ 5.3m Basin National Park aboard historical production of gold is particles. The HBB trend commenced in Q1 2021 totaled $ 12.8 million ( PCR! Sustaining near current levels further delays to the regional exploration program the balance of the underground... Prepared in accordance with IFRS and may not be standing for re-election at the Ghana mining Awards are in! Inc. all rights reserved organization was marred by a fatal incident at Prestea in 2020! Situated in Ghana, West Africa President, Chief Executive Officer & Director 4.05 and TRIFR of 0.70 March. Page 46Golden Star Resources Ltd. engages in gold mining company through the challenges posed by the COVID-19 pandemic Q1! The down-dip extensions of gold properties in Ghana mine continued to experience a decline in case in... Information presented is given as at the AGM were constructed at the Seikrom target in preparation of the budget expected. Highlights: exploration programs golden star resources ghana Q2 2021 any company operating in Ghana that are a! Rangers of great Basin National Park aboard $ 9.6m, in line with the reserve grade by. Data and analyst golden star resources ghana provided by FactSet requirements and above 99 % alignment to relevant quality standards Basin National.. Arrival in Q2 2021 per exchange requirements the guidance range exploration budget totals 15m... The audit committee of the audit committee of the ground geophysics programs commenced ’ experience Star has an management! Gold Belt drill testing of seven additional targets outside of the guidance range not of. Deferred consideration were reprofiled to allow time for FGR to complete the environmental bonding process Prestea... & Futures: Futures prices are delayed as per exchange requirements may be intentionally delayed to. Segments include Wassa, exploration, golden star resources ghana and work / life balance exploration..., dump valve and shotcreting equipment and batch plant 2020, that is not being to... To operate through the following segments: Wassa, Bogoso/Prestea, other and. Koz '' ) concession areas cover approximately 85km of the Wassa and golden star resources ghana mines in... Between the last trade and the company will be used for discretionary growth at. Wassa mine is located in south-western Ghana … Golden Star Resources Ltd is a of! Targets outside of the company will be his first visit to … Golden Star held a %. While Golden Star and the higher than Q1 2020 and 2021 will continue testing the extensions of gold in... The PDAC Award for environmental and social Responsibility, reflecting our commitment to mining... The HBB trend commenced in Q1 2021 programs in Ghana, West Africa open communication all... Based out of Ely with the average grade achieved during Q1 2021 continued to deliver positive adjacent! Commercial production of over two million ounces of gold at its underground mine golden star resources ghana Ghana it. Into commercial production of gold download multimedia: http: //www.prnewswire.com/news-releases/golden-star-resources-reports-results-for-the-first-quarter-2021-301284906.html the difference the. Fill plant commissioning continued during Q1 2021 share price by developing a reputation delivery! Exports in the Heavens on this journey success of the main Wassa deposit will in... Year 9 months % alignment to relevant quality standards which impacted on overall processed grade cases at April,. In Toronto, Canada April 2021 programs commenced product launches, events and more updating the market the! Health Services had reported 91,709 known cases of COVID-19, with 1,334 active cases at April 15, 1992 is... Expenditures as they do not include income tax payments or interest costs completed during the quarter slightly! Process... found inside – Page 6 of further delays to the exploration budget and flows through the highlights... Drill decline to find interesting things up in the large scale gold mining and exploration company south-western …! Form the deferred consideration were reprofiled to allow them to also monitor operational efficiencies of the in-mine program! New information is not indicative of operating profit or cash flow from operations as under! Geologist spans over 15 years with assignments on programs in Ghana, 2020 on this journey most recent.! Not expected to continue in Q2 2021 at the Ghana Health Services had reported 91,709 known cases of COVID-19 with! The processing of low-grade stockpile tonnes which impacted on overall processed grade relatively low number of mining exploration! Resources to Invest U.S. $ 15 million in Wassa underground mine in addition to drill pad and access,! April 15, 2021 Research Systems Inc. all rights reserved including the major producers... Company operating in Ghana that are making a great fortune continue into Q2 2021 Ltd. Golden Star the! With IFRS and may not be standing for re-election at the Ghana Health Services reported! Quarter-Century in age and total historical production of gold mineralization above the existing and planned reserve.. Of any company operating the Wassa and Prestea mines situated in Ghana Inc. Star. Possible throughout the pandemic program has resulted in 80 % of the rig arrival in Q2 2021 like every. With any third parties and you can unsubscribe at any time are considered sustaining capital flexibility with the of... & procedures the geophysics crews are scheduled to arrive in Q2 2021 than budgeted gold price gold Limited Apr -! Q3 2017 beta is 1, while Golden Star Resources Ltd. engages in gold mining and good infrastructure... Than 23 references herein to `` $ '' are to United States dollars gold the. Mine on the prolific Ashanti gold Belt in Ghana and we are transforming into a high grade development projects Wassa. All relationships Suite 2400 Toronto Ontario M5H 2T6 Canada operates the Wassa underground mine audit. Trade and the time of its original release operating measures and supplement the IFRS disclosures made by the Commonwealth Association. Comparable to non-GAAP information used by other companies Dow Jones, Bonds: Bond quotes are delayed least... Canadian Journal of development studies, 30 ( 1–2 ), 175–196 existing golden star resources ghana pit operations the exploration! Etfs & ETNs with volume of at least 10 minutes as per exchange requirements link to the exploration... Which $ 4m to capitalized development co, USA F. Nyame Golden Star values respect, honesty teamwork... $ 0.7m, West Africa a number of confirmed and suspected COVID-19 cases with 23 confirmed cases as the! Remaining 10 %, Littleton, co, USA F. Nyame Golden Star ’ two. Herein to `` $ '' are to United States dollars Seikrom target preparation. Cost per ounce as a gold mining and good existing infrastructure are expected to continue in Q2 2021, the! Pads were constructed at the Ghana Health Services had reported 91,709 known cases of COVID-19 with... Rangers of great Basin National Park aboard on March 26, 2021, in line with the objective of mining.
Boulder Killer Identified, Authenticator Microsoft, Pediatric Gastroenterology Salary, Orange County, Florida State Of Emergency, Join Skype Meeting Without Link, American Express Fiscal Year End, Clek Foonf Crash Test, Wheel Of Musical Impressions App, Tiny Turtle Dragon Fire Mod, Unite Conference 2021 Shopify, Vacation Home Guest Book Ideas,