TORONTO, July 18, 2016 /PRNewswire/ - Golden Star
Resources Ltd. ("Golden Star" or the "Company") is pleased to
announce that Gil Clausen is joining
the Company's Board of Directors, with immediate effect.
Mr. Clausen is the President of a division of Yamana Gold Inc.,
and former President, Chief Executive Officer and Director of
Augusta Resource Corporation. He also serves as an
independent director of Plata Latina Minerals Corporation. With
over 30 years of executive, financial, developmental and
operational industry experience, Mr. Clausen has been responsible
for executing growth strategies for mining companies on a range of
continents and across a variety of commodities. He is a
Professional Engineer and holds a Bachelor's degree and a Master's
degree, each in Mining Engineering from Queens
University, Canada. He is also a graduate of a Queen's
University executive business program.
Tim Baker, Chairman of
Golden Star, commented:
"I am pleased to welcome Gil
Clausen to Golden Star's
Board of Directors. He brings solid operational and technical
experience through his background in mining engineering, in
addition to his wealth of corporate experience gained in senior
roles with a number of large mining companies. He has a
proven track record of delivering strong financial gains for
shareholders and offers comprehensive knowledge of board
governance, operations, corporate and project finance, strategic
planning and investor relations. I look forward to working
closely with Gil as Golden Star
continues on its path to become a high grade, low cost gold
producer."
Company Profile
Golden Star is an established
gold mining company that owns and operates the Wassa and Prestea
mines situated on the prolific Ashanti Gold
Belt in western Ghana,
Africa. Listed on the NYSE MKT,
the TSX, and the GSE, Golden Star is
strategically focused on increasing operating margins and cash flow
through the development of two high grade, low cost underground
mines both in conjunction with existing open pit operations. The
Wassa Underground commenced pre-commercial production in mid-2016
and the Prestea Underground is expected to commence production in
mid-2017. Both projects are fully funded and on track to begin
production as expected. Production in 2016 is expected to be
between 180,000–205,000 ounces of gold with costs of US$815-US$925 per ounce.
SOURCE Golden Star Resources Ltd.