Golden Star Resources announces signing of negotiated resettlement agreement Golden Star Resources announced the signing of the negotiated resettlement agreement which will enable the relocation of the community of Dumasi to a new site. The community of Dumasi is located upon the Dumasi deposit, which is a key orebody for the Company's Bogoso Mine. The orebody is Bogoso's largest undeveloped open pit mine on the concession and, as at December 31, 2012, contained National Instrument 43-101 compliant Proven and Probable Mineral Reserves of 15.3 million tonnes grading 2.19 g/t for 1.08 million ounces of gold. Dumasi is located approximately 4 kilometres north of the Bogoso processing plant complex. Production from the Dumasi deposit is expected to begin in early 2015 and will feed both the non-refractory and the refractory plants at Bogoso for several years to come.
News For GSS From The Last 14 Days
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Golden 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.