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Golden Star Resources, Ltd. Message Board

  • phprot phprot Apr 26, 2012 2:15 PM Flag

    $38 million estimated profits Q1

    77,725 oz @ cost $1,120/oz = profits $500/oz @ $1620 Gold

    Estimated profits Q1 = $38,862,000 (77,725 x $500)

    Production ramping up huge for 2nd half 2012 with Bogoso just coming online middle Q1 & now at full produciton

    Presta just opened as well and going to escalate into 2012

    GSS throwing off massive postive cash flows

    Stock left for dead but an easy triple by Fall.


    DENVER, CO--(Marketwire -04/19/12)- Golden Star Resources Ltd. (AMEX: GSS - News) (TSX: GSC.TO - News) (GSE: GSR) ("Golden Star" or the "Company") today announced preliminary first quarter 2012 production results for its Bogoso/Prestea and Wassa/HBB operations.

    The Company produced a total of 77,725 ounces of gold in the first quarter ended March 31, 2012, compared with guidance of 79,000 ounces. Preliminary cash operating cost for the quarter is approximately $1,120 per ounce.

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