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Golden Star Resources, Ltd. Message Board

  • studebaker1940 studebaker1940 Mar 5, 2013 9:01 AM Flag

    Golden Star Reports Fourth Quarter and Full Year 2012 Results and Announces 2013 Capital Plan

    Golden Star Reports Fourth Quarter and Full Year 2012 Results
    and Announces 2013 Capital Plan
    • 2012 net cash provided by operations was $94.3 million, up $70.6 million year-over-year
    • 2012 revenue of $550.5 million, up 17% year-over-year; fourth quarter revenue of $149.7 million, up 26% year-over-year
    • Fourth quarter net income of $9.1 million, up 26% from the fourth quarter of 2011; 2012 net loss of $9.5 million
    • Achieved production and cost guidance for 2012; sold 331,278 ounces of gold in 2012 at cash operating costs of $1,033 per ounce
    • Produced 336,348 ounces of gold in 2012, a 12% increase over 301,120 ounces produced in 2011
    • $78.9 million held in cash and cash equivalents as of December 31, 2012
    • Strengthened balance sheet by reducing debt by $47.5 million
    • Significantly increased Proven and Probable Mineral Reserves at Wassa by 85% to 1.47 million ounces of contained gold, relative to December
    31, 2011
    • In early 2013 received mining and environmental permits for Prestea Underground
    Toronto, ON – March 4, 2013 – Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE:

    Sentiment: Strong Buy

 
GSS
0.226-0.004(-1.74%)Jul 31 4:00 PMEDT