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Stock Market & Financial Investment News

News Breaks
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.
News For GSS From The Last 14 Days
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July 30, 2015
06:24 EDTGSSGolden Star Resources downgraded to Hold from Buy at Canaccord
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July 29, 2015
18:37 EDTGSSGolden Star Resources sees full year production 205,000-215,000 ounces
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18:36 EDTGSSGolden Star Resources reports Q2 EPS (24c), may not compare to consensus (5c)
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July 23, 2015
17:12 EDTGSSRoyal Gold sees streaming agreement with Golden Star Resources closing "soon"
Royal Gold (RGLD) had entered into a streaming agreement with Golden Star Resources (GSS). The transaction is expected to close soon, upon satisfaction of remaining closing conditions, with RGLD Gold making an initial upfront payment at closing of $40M to Golden Star. Royal Gold will simultaneously fund a $20Mdollar term loan as part of the transaction. RGLD Gold expects to make further advance payments totaling $90M over the next five quarters. Once the initial upfront payment has been made, RGLD Gold expects to receive stream deliveries from Golden Star in the current quarter related to production from and after April 1. Golden Star will deliver to RGLD Gold 8.5% of gold produced from Wassa, Bogoso and Prestea until 185,000 ounces have been delivered, 5.0% until an additional 22,500 ounces have been delivered, and 3.0% thereafter. RGLD Gold will pay Golden Star 20% of the spot price at the time of delivery until 207,500 ounces have been delivered, and 30% of the spot price thereafter.

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