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Stock Market & Financial Investment News

News Breaks
March 5, 2013
05:11 EDTGSSGolden Star Resources sees FY13 production in-line with FY12
Golden Star is forecasting its 2013 production to remain in-line with 2012 production. The company expects total gold production to be in the range of 320,000-350,000 ounces. Production at Bogoso/Prestea is expected to be within the range of 170,000-190,000 ounces of gold, while Wassa/HBB is expected to produce between 150,000-160,000 ounces of gold. Cash operating costs are expected to average approximately $1,050-$1,150 per ounce of gold produced. The company's capital budget for 2013 is estimated at approximately $141M including both sustaining and development capital. Expected sustaining capital requirements are approximately $60M, and development capital projects comprise approximately $81M.
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April 16, 2014
07:09 EDTGSSGolden Star Resources upgraded to Buy from Hold at Canaccord
Canaccord upgraded Golden Star Resources to Buy citing valuation and potential upside from Wassa. The firm keeps a C$1.00 price target for shares.
April 9, 2014
16:39 EDTGSSGolden Star Resources backs 2014 gold production guidance 295K-320K ounces
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16:38 EDTGSSGolden Star Resources reports Q1 preliminary gold production 65,811 ounces
Q1 average realized price was $1,292/ounce.

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