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January 10, 2013
13:53 EDTGSSGolden Star Resources gets permits for Phase l of Prestea underground mine
Golden Star Resources announced earlier it has received the environmental and mining permits for Phase I development of the Prestea Underground mine. "These permits allow the Company to commence initial development in the Central Shaft area in order to achieve early production and advance our infrastructure, with the long-term goal of transforming Prestea Underground into a modern, mechanized mine and a key contributor to lower cost gold production going forward," said Sam Coetzer, President and CEO.
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March 26, 2015
07:10 EDTGSSGolden Star Resources announces Wassa mine feasibility study results
The Feasibility Study estimates the Wassa Mine will produce an average of 163,000 ounces of gold per annum over its production life with average cash operating costs of $780 per ounce. Internal rate of return of 83% estimated for the Wassa Mine at $1,200 per ounce gold price. Net present value, assuming a 5% discount rate, of $176M estimated for Wassa Mine, at $1,200 per ounce gold price. Total Proven and Probable Mineral Reserves for Wassa Mine as of December 31, 2014 are 24.1 million tonnes at 2.04 grams per tonne of gold for 1.6 million ounces of gold. Total Measured and Indicated Mineral Resources as of December 31, 2014 are 49.5 million tonnes at 2.21 g/t Au for 3.5 million ounces of gold, inclusive of Mineral Reserves. Wassa Underground Mineral Reserves as of December 31, 2014 are 5.4 million tonnes at 4.26 g/t Au for 745,000 ounces of gold. Wassa Open Pit Mineral Reserves, including stockpiles, as of December 31, 2014 are 18.7 million tonnes at 1.39 g/t Au for 834,000 ounces of gold.
07:09 EDTGSSGolden Star Resources reports FY14-end total proven, provable mineral reserves
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