Golden Star Resources Ltd. / GSS, GSC (NYSE, TOR))

    Connecting the Dots With GOLDEN STAR RESOURCES, CRYSTALLEX INTERNAT CORP, NORTHGATE MINERALS CORP, and ALBERTA STAR DEVELOPMENT


    GRANDE BAY, U.S.A., Aug 17, 2007 (MARKET WIRE via COMTEX) -- Combating the Drops in a Dropping Market Maybach Financial Group
    Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the resource sector, we are focusing on GOLDEN STAR RESOURCES (GSS: Golden Star Resources, Ltd.), CRYSTALLEX INTERNAT CORP (KRY:
    Crystallex International Corporation), NORTHGATE MINERALS CORP (NXG:
    Northgate Exploration Limited), and ALBERTA STAR DEVELOPMENT (ASXS.F:
    alberta star dev corp com).

    valueman schrieb:
    Nachdem die GSS heute um 8% nach oben gehen kriegen sie nochmal Schonfrist. Von diesem Wert werde ich mich aber auf jeden Fall beim nächsten Hoch trennen.
    Geht der HUI, geht auch GSS....


    Gruss



    @ valueman: Ja, da schliesse ich mich an. Lange mache ich das nicht mehr mit. Habe schon viel zu lange gewartet und gehofft, dass mal einer das Ding aufkauft.
    Da sollte mal so ein 'Pastorini' ran.

    Vermutlich haben sie mein letztes Posting gelesen:


    03.10.2007 15:22
    Golden Star Announces Record Quarterly Gold Production
    Golden Star Resources Ltd. (Nachrichten) (AMEX:GSS) (TSX:GSC) today announced that it has achieved record quarterly gold sales for the third quarter of 2007 of 70,097 ounces.


    BOGOSO/PRESTEA

    For the three months
    ended September 30,
    For the nine months
    ended September 30,

    OPERATING RESULTS 2007 2006 2007 2006
    Ore mined (t)“”Refractory 392,975 - 554,791 -
    Ore mined (t)“”Non refractory 274,573 653,411 741,394 1,587,059
    Total ore mined (t) 667,548 653,411 1,296,185 5,587,059
    Waste mined (t) 4,838,778 6,769,360 13,201,253 15,525,252
    Plant feed“”Refractory (t) 567,816 - 876,837 -
    Grade“”(g/t) 2.7 - 2.7 -
    Recovery“”Refractory (%) 39.7 - 44.3 -
    Plant feed“”Non refractory (t)
    387,935 367,536 1,236,063 1,073,059
    Grade“”(g/t) 2.1 4. 5 2.0 3.8
    Recovery“”Non refractory (%) 78.5 62.3 69.4 59.3

    Gold sold (oz) 40,494 34,611 79,938(1) 78,739

    (1) Excludes 7,803 ounces produced from the sulfide plant during commissioning.

    WASSA

    For the three months
    ended September 30,
    For the nine months
    ended September 30,

    OPERATING RESULTS 2007 2006 2007 2006
    Total ore mined (t) 863,487 581,815 2,285,800 1,858,312
    Waste mined (t) 2,081,974 1,796,669 6,387,897 9,033,328
    Ore and heap leach materials processed (t) 965,371 869,891 2,852,098 2,804,863
    Grade processed (g/t) 1.1 1.0 1.0 0.9
    Recovery (%) 93.2 90.0 91.1 89.0

    Gold sold (oz) 29,603 23,244 86,080 69,262


    BOGOSO SULFIDE PROCESSING PLANT UPDATE


    All charts in this press release illustrate weekly average data points and associated trendlines.


    Milling“”Design Throughput Achieved


    As exhibited in the attached chart, the throughput rate for the sulfide mill in tonnes per hour (tph) has been steadily increasing through the quarter and, by quarter's end, we had achieved the design throughput rate as per our guidance from earlier this year.


    Milling“”Availability


    Overall availability of the grinding circuit for the quarter was 69% for the third quarter and exhibited an increasing trend. Several issues which negatively affected mill availability have been resolved during the third quarter and we expect the mill to operate at an availability of about 88% in the fourth quarter.


    Flotation


    Flotation concentrates the gold prior to bio-oxidation and therefore flotation recovery impacts the overall gold recovery.


    The flotation circuit operation has been problematic to date, however, we believe that we have identified the issues and are implementing appropriate solutions. The primary issue has been the high material flow rate through the flotation cells as designed. To counter this issue, the twelve flotation cells which were originally designed to operate in series have been divided into two parallel banks of six. This reduces the flow rate for each bank by 50% which we expect will increase recovery rates. The flotation circuit was reconfigured in late September and flotation recoveries have shown a marked improvement since then. We are confident that flotation recovery will attain design levels by the end of 2007 as per our earlier guidance.


    BIOX®“”The Bugs Are Working


    The BIOX® CIL circuit has operated at near design recovery throughout the quarter as demonstrated by the graph below. There were some previously reported mechanical failures which are being progressively resolved through the cooperation of our suppliers. Repairs and replacement of five reactor tank shafts were completed during the quarter.


    WASSA


    The Wassa mine continues to deliver with record quarterly production and recoveries. This operation has exhibited quarter over quarter improvements in its operations.


    Hwini-Butre and Benso (HBB) Development


    Permitting of the HBB projects is progressing according to plan. The environmental permits for the project have been obtained, as have permits needed for the construction of the haul road linking the HBB project areas with our Wassa mine.


    The road construction contractors have been mobilized and we expect the haul road construction to commence in October. In accordance with earlier guidance, we expect the first ore from the HBB project to be delivered to the Wassa processing plant in the third quarter of 2008.


    POWER UPDATE


    On October 1, the Ghana national power supplier, the Volta River Authority, announced that the country-wide power rationing exercise was officially concluded. Ghana is now experiencing full power supply from the national grid and consequently we have discontinued all self generation.


    The nominal 100 megawatt power station built by Gold Fields Limited, Anglogold Ashanti Limited, Newmont Mining Corporation, and Golden Star, along with the 20 megawatt independent power project being developed at Bogoso/Prestea will enable the Company to be 100% independently powered should the need arise in the future.


    NEAR TERM OBJECTIVES


    Our near term objectives include:


    Maintain design throughput and achieve design recovery at the new Bogoso Sulfide Processing Plant during the fourth quarter of 2007;
    Permitting of Prestea South ore bodies to provide oxide ore to the Bogoso Oxide Processing Plant in late 2008;
    The main near term source of oxide ore will be the Pampe deposit and pods of oxide ore from the pits at Chujah and Buesichem. We expect that we will be able to campaign oxide and sulfide ore through the oxide processing plant. Sulfide ore processed in the oxide processing plant would generate a sulfide concentrate that would be processed in the BIOX® bio-oxidation plant;
    Construction and development of the HBB project with ore being delivered to Wassa by third quarter of 2008;
    Prestea Underground pre-feasibility study completed by the first quarter of 2008;
    Progress construction and commissioning of our power projects which would give us power independence; and
    Further optimization of our operations at Bogoso/Prestea and Wassa.
    We are updating our estimates for 2007 gold production to 125,000 to 150,000 ounces at Bogoso/Prestea at an average cash operating cost between $550 and $650 per ounce. We expect Wassa to produce approximately 115,000 to 125,000 ounces during 2007 at an average cash operating cost between $430 and $480 per ounce.


    As more fully disclosed in the Risk Factors Item 1A in our December 31, 2006 Form 10-K as amended, numerous factors could cause our estimates and expectations to be wrong or could lead to changes in our plans. Under any of these circumstances, the estimates described above could change materially.


    Peter Bradford, President and CEO said: “We are pleased with the progress that is being made with our Bogoso Sulfide Processing Plant. The BIOX® process has worked well from day one but the flotation circuit design issues and equipment failures that we have incurred during the start up and early operations have, to date, tarnished the early results from the project. Based on results since late September, we believe that the design changes we have made to the flotation circuit have resulted in a significant increase in flotation recovery. This, along with the improving trend in all other major performance indicators, is expected to result in a significant gold production increase from the fourth quarter.“


    Company Profile


    Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.


    Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding availability of the mill at the Bogoso Sulfide Processing Plant, flotation circuit and recovery rate improvements, attainment of flotation recovery design levels, timing of first ore produced from the HBB project, 2007 gold production and cost estimates, and gold production increases after the fourth quarter. Factors that may affect such operations include delays in receiving needed equipment and parts, additional design problems and design modifications, mechanical failures, power shortages and interruptions, weather including excessive rainfall or drought. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of risk factors in our Form 10-K for 2005.



    Klicken Sie hier, um weitere aktuelle Nachrichten zum Unternehmen zu finden:


    GOLDEN STAR RESOURCES


    Gruss,

    Da sind wir doch mal gespannt:



    News Release

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    Golden Star Schedules Third Quarter 2007 Results Conference Call
    DENVER--(BUSINESS WIRE)--Oct. 18, 2007--Golden Star Resources Ltd. (TSX:GSC) (AMEX:GSS) will release its third quarter 2007 results after the market close on Tuesday, November 6, 2007 and has scheduled a conference call and webcast on Wednesday, November 7 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). The conference call will allow investors and analysts the opportunity to speak with the Company's management. Please call in at least five minutes prior to the conference call start time to ensure prompt access to the conference. You can access the call by telephone or by webcast:


    North American participants -- (866) 578-5801, passcode: 17893775
    International participants outside U.S. and Canada --
    (617) 213-8058 passcode: 17893775
    Webcast: http://www.gsr.com


    A recording of the teleconference will be available for up to 30 days through the Company's website at http://www.gsr.com and it also will be available for 30 days by dialing:


    North America -- (888) 286-8010, passcode: 94698912
    International outside U.S. and Canada -- (617) 801-6888, passcode:
    94698912


    Company Profile


    Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.


    For further information on the results release and conference call details, please contact:


    GOLDEN STAR RESOURCES LTD. +1-800-553-8436


    Bruce Higson-Smith, Vice President Corporate Development


    Anne Hite, Investor Relations Manager



    CONTACT: Golden Star Resources Ltd. +1-800-553-8436
    Bruce Higson-Smith, Vice President Corporate Development
    Anne Hite, Investor Relations Manager


    SOURCE: Golden Star Resources Ltd.



    Gruss,

    DENVER, Dec 05, 2007 (BUSINESS WIRE) -- Golden Star Resources Ltd. (GSS: Golden Star Resources, Ltd.) (CA:GSC) ("Golden Star") today announced that it has completed two transactions with EURO Ressources SA for net proceeds to Golden Star of $8.1 million.
    Golden Star has completed two transactions with EURO Ressources SA ("EURO"), which were previously announced on March 27, 2007. The completion of the sale of the Gross Rosebel Additional Participation Right to EURO for $4.4 million and the payment by EURO of approximately $3.7 million of debt and interest owed to Golden Star are expected to contribute approximately $8.1 million of cashflow and, of which, $7.4 million will be pre-tax earnings in the fourth quarter. Golden Star continues to hold approximately 1.4 million shares of EURO which equates to an interest of approximately 2% of EURO's outstanding shares. EURO's financial statements, specifically its hedge book, are not consolidated in the Golden Star financial statements.
    COMPANY PROFILE
    Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.

    Appoints New General Manager at Bogoso/Prestea


    DENVER, Dec 06, 2007 (BUSINESS WIRE) -- Golden Star Resources Ltd. (GSS: Golden Star Resources, Ltd.) (CA:GSC) ("Golden Star") today announced that it had completed the necessary approvals to commence its offer to list shares on the Ghana Stock Exchange. Golden Star also announced the appointment of Mr. Nigel Tamlyn as General Manager of its Bogoso/Prestea mine.
    GHANA LISTING
    Golden Star is pleased to announce that it has received all approvals necessary to list its shares on the Ghana Stock Exchange and has launched the formal offer for the sale of 3,170,000 shares at a price of 3 Cedis per share to the Ghana investing public. The offer is expected to close on December 21, 2007 and the shares are expected to commence trading on the Ghana Stock Exchange on January 14, 2008. A copy of the prospectus can be obtained from Strategic African Securities, the Lead Manager of the Offer.
    APPOINTMENT OF GENERAL MANAGER FOR BOGOSO/PRESTEA
    Mr. Nigel Tamlyn has been appointed as General Manager for the Bogoso/Prestea mine and assumed his responsibilities on December 3, 2007. Mr. Tamlyn has a Masters Degree in Mining specializing in Mineral Economics, and has broad production and senior management experience in the gold and minerals industry in South Africa, Ireland, Philippines, Ethiopia and Vietnam. Mr. Tamlyn replaces Mr. Colin Belshaw who resigned the position as of the same date.
    COMPANY PROFILE
    Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.

    DENVER, Dec 07, 2007 (BUSINESS WIRE) -- Golden Star Resources Ltd. (GSS: Golden Star Resources, Ltd.) (CA:GSC) ("Golden Star") today provided an update on the continuing exploration of its Benso concession in Ghana.
    Results received from the 3,418 meters of combined Reverse Circulation ("RC") and Diamond Drilling ("DD") have been positive and Golden Star expects that a portion of the Inferred Mineral Resource below the current pit designs will be converted into Indicated Mineral Resources and may subsequently be converted into Mineral Reserves.
    Mitch Wasel, Golden Star's Vice President Exploration, commented that, "The high grade shoot drilled at Subriso West exhibits grades and thicknesses that will likely deepen the existing $480 per ounce pit designs and could conceivably be mined underground. Therefore, in our efforts to enhance shareholder value, the drilling of the down dip extensions of this zone is a priority for Golden Star in 2008, which will help us to understand the full potential of the Benso deposits. This work is expected to be done in the second quarter of 2008, or possibly earlier depending on drill rig availability."
    BACKGROUND
    The Benso concessions form part of the Hwini-Butre and Benso project, which is currently being developed as a source of high grade ore for the Wassa processing plant. Development of the haul road to connect the Benso concession to the Wassa processing plant commenced in October 2007 following the receipt of the necessary environmental permits. The haul road and modifications to the Wassa processing plant are expected to be completed by the third quarter of 2008. The total cost of the project, including the cost of mining equipment, is expected to be $50 million and the first ore is expected to be mined at Benso and hauled to the Wassa processing plant in the third quarter of 2008. Mining at Hwini-Butre is expected to commence in 2009.
    We previously estimated a total Probable Mineral Reserve for the Hwini-Butre and Benso project within $480 per ounce pit designs of 4.13 million tonnes grading 4.35 g/t for contained gold of 577,000 ounces, of which 2.30 million tonnes grading 3.41 g/t containing 252,000 ounces were contained within pits on the Benso concession. In addition to the Mineral Reserves at Benso, 0.41 million tonnes grading 2.47 g/t of Indicated Mineral Resource and 0.61 million tonnes grading 3.41 g/t of Inferred Mineral Resource were contained within the $560 per ounce Inferred Mineral Resource optimized pit shell.

    • Offizieller Beitrag

    Der Verfasser kann sich dieses vorstellen.


    Jedenfalls eine ausführliche Betrachtung mit dem Vergleich zu Centerra und Randgold.


    GSS hat ja lange nicht überzeugt.
    Der Autor zeigt einige Gründe dafür auf.


    Hatte sie jahrelang in guten Zeiten, aber lange draußen.....


    Aber dieser Artikel weckt das Interesse.
    Kommt wieder auf die Watchlist. :)



    "....The market is currently punishing GSS for its past, and has not begun to reward the company for its future. As a precious metals investor, this is precisely what one looks for: an undervalued producer, rapidly growing production with its stock trading at depressed levels. One day not too far in the future, investors will begin to recognize the exceptional value Golden Star presents. There is not a single junior gold company with the production and resources GSS has trading at such depressed multiples...." :rolleyes:



    http://seekingalpha.com/articl…osive-gold-stock-for-2008



    Grüsse

    Edel Man


    Dem Grunde nach, insbesondere unter Berücksichtigung des Wachstumspotentials in Verbindung mit der Reserven- und Resourcenbewertung ist GSS ein Schnäppchen unter den Producern. Selbst lange gehalten im Depot und dann nach zermürbenden 3 Jahren mit marginalem Gewinn verkauft in die letzte Erholungsphase hinein zu 3,85US$. Theoretisch könnte ich jetzt so um die 20% günstiger wieder einsteigen.....was mich noch daran hindert ist die Tatsache, dass GSS in der Vergangenheit seine Kosten nie in den Griff gekriegt hat....egal wie hoch der POG gestiegen ist, die Kosten haben mitgezogen und so kamen nie schwarze Zahlen zustande. Hatten die immer nur Pech oder ist da auch seitens des Management eine gehörige Portion Unvermögen dabei??? Wie hoch muss der POG steigen, dass selbst das GSS Management Gewinn erwirtschaften kann und somit GSS das werden kann was es von den Basics her eigentlich ist.....ein hervorragender Producer?
    Alleine von den Bewertungsgesichtspunkten her ist ja im Vergleich zu Randgold oder Centerra eine Verdreifachung möglich!!
    Was stimmt Dich zuversichtlich, dass das in Zukunft so sein kann?


    Gruss

    • Offizieller Beitrag
    Zitat

    Original von valueman
    Edel Man
    (....)
    Alleine von den Bewertungsgesichtspunkten her ist ja im Vergleich zu Randgold oder Centerra eine Verdreifachung möglich!!
    Was stimmt Dich zuversichtlich, dass das in Zukunft so sein kann?


    Gruss


    Hallo valueman


    Daß GSS wieder in die Watchlist rückt, bedeutet zunächst neutrale Einstellung.


    Was weiter etwas skeptisch stimmt, ist der extreme Unterschied zwischen gestern und heute.


    Als Nichtproduzent stand der Kurs bei 8,5C$, heute etwas über 1/3 dessen !!


    Die positive Seite ist der theoretische Nachholbedarf, und die guten Zeiten mit dem Star. ;)


    Wir erleben derzeit vermehrt merkwürdige Bewertungen vieler Minen.


    Deshalb werde ich --wenn denn-- GSS unter charttechnischen Gesichtspunkten traden.



    Grüsse


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    Edel Man



    Gute Ideen sollte man aufgreifen........
    Nach einigem Nachdenken und nochmals mehrmaligem Durchlesen hab ich mir gestern in der Phase nach dem Zinsentscheid wo es Fahrstuhlartig nach unten ging eine Portion GSS ins Boot geholt zu 3,17US$. Was beeindruckte ist das Plus am Schluss bei GSS wo doch der HUI ziemlich in die Knie ging. Das downside Potential von GSS beurteile ich unter normalen Umständen als begrenzt und dürfte höchstens bis in den Bereich von 2,5 - 2,75US$ reichen.


    Bin ich um 20% günstiger rein wie vor kurzem verkauft.....das verlockte zusätzlich.
    Darüber hinaus ist GSS ja ein Produzent und dafür extrem billig.....setzte darauf, dass bei einem weiter steigenden Goldpreis auch das aus meiner Sicht max. durchschnittliche Management von GSS nicht umhinkommt Gewinne zu erwirtschten.


    Gruss

    • Offizieller Beitrag
    Zitat

    Original von valueman
    (....)
    Gute Ideen sollte man aufgreifen........
    (....)


    valueman


    Ja, hin und noch =)
    Kurios: Bin auch wieder dabei,Winzigkeit teurer.


    Die Entscheidung fiel war auch deshalb leichter, weil aus der Vorgeschichte guter Gewinnvortrag vorlag.
    Und : Mal wieder ein Seniorproduzent beim Gold ( Lt. GoldColony) im Depot.


    Denke auch, daß nun die Kurschancen die Risiken weit übersteigen.
    Und es in Richtung wie bei MAE, DSM, WTC etc geht.... ;)


    Grüsse


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    Edel Man


    Zitat

    Original von EDEL MAN: Und es in Richtung wie bei MAE, DSM, WTC etc geht....


    Wäre akzeptabel, wenn......ja wenn im Vorfeld noch ein schöner Kursgewinn on Top drauf käme.
    War ja öfters so wenn wir einen Wert gleichzeitig für günstig gehalten und eingestiegen sind.


    Bin mir sicher, dass wir nicht die einzigen sind die rechnen können....


    Gruss

    Aus dem allgemein zugänglichen Teil der Goldhotline von heute; Einschätzung von M.Siegel zu GSS:


    27.12.07 Golden Star (NA, Kurs 3,29 C$, MKP 921 Mio A$) meldet für das Septemberquartal (Septemberquartal 2006) einen Anstieg der Goldproduktion um 21,2 % auf das Rekordniveau von 70.143 oz, was einer Jahresrate von etwa 280.000 oz entspricht. Das Produktionsziel von jährlich 500.000 oz wird damit weit verfehlt. In der Bogoso/Prestea Mine erreichte die Produktion 40.518 oz (34.611 oz). Eigentlich sollte die Produktion in der Mine auf eine Jahresrate von 370.000 oz bei Nettoproduktionskosten von 330 $/oz ausgeweitet werden. In der Wassa Mine wurden 29.625 oz (23.244 oz) gewonnen. Beide Minen befinden sich in Ghana. Bei Nettoproduktionskosten von 707 $/oz (373 $/oz) und einem Verkaufspreis von 681 $/oz (622 $/oz) mußte bereits auf der Produktionsebene ein Verlust von 26 $/oz (Bruttogewinnspanne 245 $/oz) hingenommen werden. Nach hohen Abschreibungen, Verwaltungs- und Finanzierungskosten verzeichnete Golden Star einen operativen Verlust in Höhe von 23,6 Mio A$ oder 280 $/oz. Auf der Basis einer jährlichen Produktion von 500.000 oz haben die Reserven eine Lebensdauer von 8,1 Jahren und die Ressourcen eine Lebensdauer von 13,6 Jahren. Golden Star ist nicht durch Vorwärtsverkäufe belastet. Am 30.09.07 (30.09.06) stand einem Cashbestand von 25,0 Mio A$ (13,5 Mio A$) eine gesamte Kreditbelastung von 248,4 Mio A$ (223,3 Mio A$) gegenüber. Beurteilung: Golden Star präsentiert sich als mittelgroßer nordamerikanischer Goldproduzent, der mit einer jährlichen Produktion von etwa 500.000 oz zu den größeren Produzenten aufsteigen will. In der Vergangenheit hat das Management bei diesem Vorhaben allerdings regelmäßig versagt. Problematisch sind vor allem die hohen aktuellen Verluste und die hohe Kreditbelastung. Positiv sind die niedrige Bewertung, die umfangreichen Reserven und die fehlende Belastung durch Vorwärtsverkäufe. Negativ sind das schwache Management und der Produktionsstandort in Ghana. Sollte Golden Star auf der Basis einer jährlichen Produktion von 500.000 oz eine Gewinnspanne von 100 A$/oz umsetzen können, würde das KGV auf 18,4 zurückfallen. Wegen der anhaltenden Erfolglosigkeit stellen wir Golden Star zum Verkauf. Empfehlung: Über 3,00 C$ verkaufen, aktueller Kurs 3,29 C$. Golden Star wird unter der WKN 888002 an verschiedenen deutschen Börsen gehandelt (vgl. Halteempfehlung vom 16.01.07 bei 3,50 C$.

    DENVER, Feb 13, 2008 (BUSINESS WIRE) -- Golden Star Resources Ltd. (CA:GSC) (GSS: GSS) (GSE: GSR) will release its fourth quarter 2007 and end of year 2007 results after the market close on Wednesday, February 27, 2008 and has scheduled a conference call and webcast on Thursday, February 28 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). The conference call will allow analysts the opportunity to speak with the Company's management. Please call in at least five minutes prior to the conference call start time to ensure prompt access to the conference. You can access the call by telephone or by webcast:


    North American participants - (866) 831-6243, passcode: 47853828
    International participants outside U.S. and Canada -
    (617) 213-8855, passcode: 47853828
    Webcast: http://www.gsr.com


    A recording of the teleconference will be available for up to 30 days through the Company's website at http://www.gsr.com and it also will be available for 30 days by dialing:


    North America - (888) 286-8010, passcode: 40350774
    International outside U.S. and Canada - (617) 801-6888,
    passcode: 40350774


    Company Profile
    Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 234 million shares outstanding.
    SOURCE: Golden Star Resources Ltd.


    Golden Star Resources Ltd.
    Bruce Higson-Smith, +1-800-553-8436
    Vice President Corporate Development
    or
    Anne Hite, +1-800-553-8436
    Investor Relations Manager

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