TORONTO, Nov. 8, 2018 /CNW/ - Golden Star Resources (NYSE
American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company")
is hosting an analyst and investor visit to its two mines
in Ghana on November 8 and 9, 2018.
During these two days, the investor and analyst group will visit
the Company's two high grade underground mines (Wassa Underground
and Prestea Underground) and they will be given a series of
technical presentations, which will cover certain aspects of the
Company's operations including elements of its exploration
program.
At Wassa, the visit will focus on Golden
Star's plans to expand Wassa Underground's production rate
to 4,000 tonnes per day by mid-2020 and on its exploration program,
which has the objective of gaining a more thorough understanding of
the potential of Wassa South and the
Father Brown satellite deposit.
At Prestea, the visit will focus on the Prestea Improvement
Plan, which has the objective of reducing the Prestea Complex's
annual operating costs and increasing Prestea Underground's
production rate, in addition to Prestea Underground's exploration
potential.
The technical presentations are available on the Company's
website
at: http://www.gsr.com/investors/events-and-presentations/default.aspx
Company Profile:
Golden Star is an established,
African focused gold producer that owns and operates the Wassa and
Prestea mines in Ghana. Listed on the NYSE American,
the Toronto Stock Exchange and the Ghanaian Stock
Exchange, the Company's objective is to grow into a best-in-class,
mid-tier gold producer. Golden Star aims to expand its
production profile through the exploration and development of its
existing mines, particularly Wassa, and through the acquisition of
additional mines. Gold production guidance for 2018 is
225,000-235,000 ounces at a cash operating cost per ounce
of $790-830. As the winner of the PDAC 2018
Environmental and Social Responsibility Award, Golden Star is committed to leaving a positive
and sustainable legacy in its areas of operation.
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 and "forward looking
information" within the meaning of Canadian securities laws.
Forward looking statements and information include, but are not
limited to, statements and information regarding: the expansion of
Wassa Underground's production rate to 4,000 tpd; the ability of
the exploration program to gain a more thorough understanding of
Wassa South and Father Brown's
potential; the decrease of annual operating costs at Prestea; the
increase of the production rate at Prestea Underground; the
exploration potential at Prestea Underground; the ability of
Golden Star to achieve its full year
2018 guidance in terms of gold production and cash operating cost
per ounce. Generally, forward-looking information and
statements can be identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes" or variations of such words and phrases (including
negative or grammatical variations) or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative
connotation thereof. Investors are cautioned that forward-looking
statements and information are inherently uncertain and involve
risks, assumptions and uncertainties that could cause actual facts
to differ materially. There can be no assurance that future
developments affecting the Company will be those anticipated by
management. Please refer to the discussion of these and other
factors in Management's Discussion and Analysis of financial
conditions and results of operations for the year ended
December 31, 2017. Additional
factors are also included in our annual information form for the
year ended December 31, 2017 which is
filed on SEDAR at www.sedar.com. The forecasts contained
in this press release constitute management's current estimates, as
of the date of this press release, with respect to the matters
covered thereby. We expect that these estimates will change as
new information is received. While we may elect to update
these estimates at any time, we do not undertake to update any
estimate at any particular time or in response to any particular
event.
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SOURCE Golden Star Resources Ltd.