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Golden Star Resources, Ltd. Message Board

  • henhousewatcher henhousewatcher Mar 4, 2013 9:17 PM Flag

    Nice

    Fourth Quarter 2012 Financial Highlights

    Revenue improvement: For the fourth quarter, the Company recorded revenue of $149.7 million and net income attributable to Golden Star of $9.1 million, or $0.04 per share, compared to 2011 fourth quarter revenue of $118.8 million and net income attributable to Golden Star of $7.2 million, or $0.03 per share. Included in 2012 fourth quarter net income is a gain of $9.2 million on the sale of the Company's Saramacca exploration asset, which more than offset the $2.5 million in higher general and administrative costs (primarily higher due to charges related to the head office move).

    Operating cash flow improvement: Operating cash flow, after changes in working capital, provided $35.6 million, up from $19.5 million in 2011.

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