Past year: ▲ 25%(3.00 – 4.96 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
26 July 2013resource reserve update● Neutral
Golden Star announced it had filed the feasibility study for the Prestea Underground West Reef project, prepared by SRK Consulting (UK); this follows the May 2012 preliminary assessment. The announcement carries no results (costs, production or value) and the filing's company profile now lists a 90% interest in Prestea Underground, versus 81% earlier.
3 May 2012resource reserve update▲ GoodMajor
Golden Star published its own Preliminary Economic Assessment for the West Reef area of the Prestea Underground mine (the 81%-owned mine that has been inactive). It estimates 508,000 ounces of Indicated resource and 190,000 ounces of Inferred resource at West Reef, up to 97,000 ounces a year, about $115 million of capital, and a post-tax value of $107 million at $1,500/oz gold; the board directed management to proceed to a full feasibility study. The filing says the assessment is preliminary and there is no assurance it will be realized.
20 Feb 2007resource reserve update▲ GoodMajor
Golden Star reported year-end 2006 reserves of 4.15 million ounces (3.67M at Bogoso/Prestea, 0.48M at Wassa), 2006 gold sales of 201,407 ounces at an average cash operating cost of $421/oz, and 2007 guidance of about 390,000 ounces at $389/oz. That guidance assumes the Bogoso sulfide expansion starts April 1, 2007. It also reported that EURO Ressources is now a former subsidiary: about 18 million shares were sold in December 2006 for roughly $30.0M and a further 1.7M shares in 2007 for $2.8M, leaving about a 2% stake. Newmont can earn up to 51% of the Saramacca project in Suriname by spending $6M within five years. Golden Star would hold 25% of a planned 100 MW power station (about $10M). The 8,408,334 warrants (Cdn$4.60) expired February 14, 2007. Paul Isnard is listed as a property it has a right to acquire, with inferred resources only.
7 Aug 2003resource reserve update▼ Bad
Golden Star said it will re-evaluate the mineral resource estimates for its Paul Isnard project in French Guiana and has removed the previously reported measured and indicated resources for it, with the re-evaluation expected by year-end 2003. The filing says Paul Isnard is inactive with no reserves and that the decision does not affect production estimates.
