TORONTO, May 5, 2017 /CNW/ - Golden Star Resources Ltd.
(NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the
"Corporation") is pleased to announce that all resolutions at
yesterday's Annual General and Special Meeting ("AGSM") were duly
passed.
The results of the votes were as follows:
Resolution
#1
|
Votes
For
|
Votes
Withheld
|
Percentage
of Votes
For
|
Percentage
of Votes
Withheld
|
To elect the
following persons
as directors of the
Corporation:
|
|
|
|
|
(a) Timothy C.
Baker
|
171,649,468
|
3,219,401
|
98.2%
|
1.8%
|
(b) Samuel T.
Coetzer
|
171,590,586
|
3,278,283
|
98.1%
|
1.9%
|
(c) Anu
Dhir
|
171,360,889
|
3,507,980
|
98.0%
|
2.0%
|
(d) Robert E.
Doyle
|
171,009,023
|
3,859,846
|
97.8%
|
2.2%
|
(e) Gilmour
Clausen
|
170,997,872
|
3,870,997
|
97.8%
|
2.2%
|
(f) Daniel
Owiredu
|
171,569,333
|
3,299,536
|
98.1%
|
1.9%
|
(g) Craig J.
Nelsen
|
170,986,373
|
3,882,496
|
97.8%
|
2.2%
|
(h) Mona
Quartey
|
171,589,181
|
3,279,688
|
98.1%
|
1.9%
|
|
|
Resolution
#2
|
Votes
For
|
Votes
Withheld
|
Percentage
of Votes
For
|
Percentage
of Votes
Withheld
|
To re-appoint
PricewaterhouseCoopers LLP
as the auditors of the
Corporation and to authorize
the Audit Committee to fix
the auditors' remuneration.
|
265,609,736
|
9,323,334
|
96.6%
|
3.4%
|
|
|
|
|
|
Resolution
#3
|
Votes
For
|
Votes
Against
|
Percentage
of Votes
For
|
Percentage
of Votes
Against
|
To pass the Advisory
Vote
on Named Executive Officer Compensation.1
|
168,194,482
|
6,674,387
|
96.2%
|
3.8%
|
|
|
|
|
|
Resolution
#4
|
Votes
For
|
Votes
Against
|
Percentage
of Votes For
|
Percentage
of Votes
Against
|
To pass the 2017 PRSU
Plan
Resolution.1
|
135,890,523
|
39,017,342
|
77.7%
|
22.3%
|
|
Notes:
|
1.
|
As defined in the
Management Information Circular of the Corporation dated March 13,
2017
|
Tim Baker, Chairman of
Golden Star,
commented:
"Following yesterday's AGSM we say goodbye
to two of our Directors, Tony Jensen
and Bill Yeates, and we welcome
Mona Quartey. I'd like to
thank Tony and Bill for their hard work and dedication over the
years; they have made a huge contribution to Golden Star. The Company they leave is
very different from the one they joined and our transformation into
a high grade, low cost, mid-tier producer is well underway. I am
delighted that Mona is joining the Board and we will all benefit
from her experience in finance, politics and operating in
Ghana. 2017 is on track to be another important year for
Golden Star and we have a strong
team at all levels of the Company to enable us to deliver our
objectives."
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 Ghana, West 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 its two high grade, low cost underground
mines both in conjunction with existing open pit operations. The
Wassa Underground Gold Mine commenced commercial production in
January 2017 and the Prestea
Underground Gold Mine is expected to achieve commercial production
during the third quarter of 2017. Gold production in 2017 is
expected to be 255,000-280,000 ounces with cash operating costs of
$780-860 per ounce.
SOURCE Golden Star Resources Ltd.