Andrew Wray Appointed President and
CEO
TORONTO, April 17, 2019 /CNW/ - Golden Star Resources
Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden
Star" or the "Company") announced today that Sam Coetzer will be leaving the Company as of
April 30, 2019, and that the Board of
Directors has appointed Andrew Wray
as President and Chief Executive Officer, effective May 1, 2019.
"After a thorough process, the Board of Directors has determined
that Andrew has the ideal attributes to lead Golden Star. He combines significant experience
in the sector with a real focus on creating value for shareholders,
together with the leadership skills to take the company through the
next phase of its development," stated Tim
Baker, Chairman of the Board of Directors.
"Over the last six years, Sam has done an exceptional job in
transitioning Golden Star into an
underground mining company, attracting new shareholders, and
improving its financial position. On behalf of the entire Board of
Directors, I wish to sincerely thank Sam for his commitment and
dedication and wish him all the best in his future endeavours,"
continued Mr. Baker.
Andrew will remain the Chief Executive Officer of La Mancha
until April 30, 2019. Prior to
joining La Mancha, Mr. Wray worked for Acacia Mining for over 7
years, where he was Chief Financial Officer. Formerly, he spent
close to 15 years with JPMorgan Cazenove, advising companies in
their capital-raising activities and other strategic objectives
across a range of sectors. Prior to joining JPMorgan Mr. Wray
worked for the Kuwait Investment Office in London.
Sam Coetzer commented, "I am
extremely proud of what the team has accomplished during my time
leading Golden Star. I will remain a
committed shareholder and will be following the Company closely
during this next exciting phase, and have no doubt that with Andrew
at the helm the future will be very bright for Golden Star. I would like to thank the entire
team for all of their efforts, and wish them all the best going
forward."
Mr. Coetzer will remain President and CEO until April 30, 2019. However, he will not be standing
for election as a director of the Company at the Annual General
Meeting taking place on May 2, 2019
at 11:30 a.m. ET in the
Huron/Escarpment Boardrooms at the offices of Fasken Martineau
DuMoulin LLP, 333 Bay Street, Suite 2400, Bay Adelaide Centre,
Toronto, Ontario, Canada, M5H 2T6.
2019 First Quarter Conference Call
The Company will conduct a conference call and webcast to
discuss the 2019 first quarter results on Thursday, May 02, 2019 at 10:00 a.m. ET.
Toll Free (North America):
+1 833 231-8263
Toronto Local and International: +1
647 689-4108
Conference ID: 3289245
Webcast:
https://event.on24.com/wcc/r/1956473/B39D93F6E551735F39788DCB10539C1B
and on the home page of the Company's website: www.gsr.com.
A recording and webcast replay of the call will be available on
the Company's website: www.gsr.com following the call.
Company Profile
Golden Star is an established
gold mining company that owns and operates the Wassa and Prestea
underground mines in Ghana,
West Africa. Listed on the NYSE
American, the Toronto Stock Exchange and the Ghanaian Stock
Exchange, Golden Star is focused on
delivering strong margins and free cash flow from its two
high-grade, low cost underground mines. Gold production guidance
for 2019 is 220,000-240,000 ounces at a cash operating cost per
ounce of $620-$680. 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.
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SOURCE Golden Star Resources Ltd.