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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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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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