PHILADELPHIA, April 7, 2020 /PRNewswire/ -- Kehoe Law
Firm, P.C. is making investors aware that a class action lawsuit
has been filed on behalf of purchasers of the securities of Golden
Star Resources Ltd. ("Golden Star Resources" or the "Company")
(NYSE American: GSS) between February 20, 2019 and July
30, 2019, inclusive (the "Class Period"). The class
action lawsuit seeks to recover damages for GSS investors under the
federal securities laws.
Investors of Golden Star Resources who purchased, or
otherwise acquired, GSS securities during the Class Period and
suffered losses are encouraged to contact either Michael Yarnoff, Esq., (215) 792-6676, Ext.
804, myarnoff@kehoelawfirm.com,
info@kehoelawfirm.com, or John
Kehoe, Esq., (215) 792-6676, Ext. 801,
jkehoe@kehoelawfirm.com, to discuss the class action
lawsuit or potential legal claims.
According to the class action lawsuit, throughout the Class
Period, the Golden Star Resources defendants made false and/or
misleading statements and/or failed to disclose that: (1) the
Company had insufficient geological and geotechnical data in its
Prestea mine; (2) the Company had experienced deficiencies in its
operating practices and mining methods including inaccurate long
hole drilling and blasting in its Prestea mine; (3) Golden Star
Resources did not have the mining flexibility and more measured
resources to ensure higher reserve grade; (4) the Company had
experienced increased tonnage at much lower grade where it had to
supplement some of the production with oxide material; (5) the
Company had excessive dilution which drove lower mining rates at
the Prestea mine; and (6) as a result, the Golden Star Resources
defendants' public statements were materially false and/or
misleading at all relevant times. Investors, according to the
lawsuit, suffered damages when the true details entered the
market.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary,
plaintiff–side law firm dedicated to protecting investors from
securities fraud, breaches of fiduciary duties, and corporate
misconduct. Combined, the partners at Kehoe Law Firm have
served as Lead Counsel or Co-Lead Counsel in cases that have
recovered more than $10 billion on
behalf of institutional and individual
investors.
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SOURCE Kehoe Law Firm, P.C.