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 236 million shares outstanding.
Latest Key Figures
From the [Q2 2008 quarterly report].
- Gold revenues increased 32% to $70.4 million compared to $53.2 million in the first quarter of 2008 and increased 150% compared to $28.1 million in the second quarter of 2007;
- Gold sales increased 36% to 78,313 ounces from both Bogoso/Prestea and Wassa versus the first quarter;
- Average realized gold price of $900 per ounce, versus $926 in the first quarter of 2008;
- Consolidated cashflow from operations provided $9.7 million ($0.041 per share), compared to a use of $5.0 million ($0.021 per share) from operations in the first quarter;
- Consolidated net loss was $6.9 million, or $0.029 per share.
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