Golden Star Resources Ltd (GSS) 銘柄情報

$GSS did R/S in 2018 a 1-for-5 reverse stock split.

$GSS Total Debt (mrq) 140.02M

Reminds me of Banro, BAA, give-a-way to Gramercy Funds and Baiyin.

Just posted to Seeking Alpha today

A New Investment Risk Has Emerged In The Precious Metals Mining Industry

https://seekingalpha.com/instablog/52535199-hymcz-warrant-holders/5509902-new-investment-risk-emerged-in-precious-metals-mining-industry

Breaking News: $GSS Golden Star Completes Amendments and Upsizing of Senior Secured Credit Facility

Golden Star Completes Amendments and Upsizing of Senior Secured Credit Facility PR Newswire TORONTO, Oct. 9, 2020 TORONTO , Oct. 9, 2020 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ("Golden Star" or&#...

Read the whole news GSS - Golden Star Completes Amendments and Upsizing of Senior Secured Credit Facility

$GSS YAHOO FINANCE TARGET 1y Target Est 4.01

Go over 3,13 $ ....

$GSS overbought

Looks like the big buyer is back. And we got an update to the company future plans in the form of a company presentation. It can be found on the website. Have a great weekend!

Gold investors see M&A, cost cuts unlocking $13bn

NEW YORK – A group of investors including the hedge fund founded by-billionaire John Paulson said “significantly mismanaged” gold companies could unlock $13-billion in value through mergers and cost cuts.

The Shareholders’ Gold Council of 18 investors including Egyptian-billionaire Naguib Sawiris’s La Mancha found that the median spending of senior gold producers is double that of mining companies that produce other metals, including Vale, the world’s largest iron-ore producer.

“The inescapable conclusion of our analysis is that gold producers are significantly mismanaged from a G&A perspective and that gold company boards need to do a better job holding management teams to account,” the council said. The potential to create more value is highest among midtier miners which were found to be “most inefficient” in managing costs.

The investors are looking to boost shareholder value in gold mining companies to capture the benefits from the precious metal’s meteoric rise to a six-year high. In the three years through Wednesday, the VanEck Vectors Gold Miners ETF has risen less than 5%, trailing the 13% rally in bullion.

About $2.5-billion of the combined profits of 47 gold companies the council tracked were spent on salaries and costs of head office management and boards, amounting to more than 10% of their aggregate market value, the council said in a report released Thursday.

NO-PREMIUM MERGERS

The potential for cuts is greater among so-called mid-tier gold producers, the report said. Their general and administrative spending amount to almost 13% of their earnings, according to the median of 23 miners reviewed in the report.

SGC urged the mid-tier companies to pursue no-premium mergers to cut duplicate corporate structures and achieve economies of scale. If the number of mid-tier companies were reduced by half, the council estimated that about $2.4-billion to $3.2-billion of value could potentially be unlocked.

Of the 12 senior gold producers it cited, Polymetal International and Kinross Gold Corp had the highest spending – 17.5% and 11% of their earnings before interest, taxes, depreciation and amortisation, respectively, the council said. In the case of mid-tier companies, the biggest expenditure was posted by Golden Star Resources at 33%, it said.

“Kinross regularly undertakes cost reviews, and earlier this year, we streamlined our leadership structure, which the simple analysis fails to take into account,” a Kinross spokesman said in an emailed statement. “It is also worth highlighting that it is not an apples-to-apples comparison, as the report’s simple analysis notes itself that different companies calculate G&A differently.”

A spokesperson for Polymetal said the miner didn’t immediately have enough information to be able to comment. Golden Star didn’t immediately respond to an email.

“Gold mining is simpler than other types of mining, including because of the fact that gold doré bars can be transported at very low costs by plane,” the council said. “Copper and iron ore producers have complex selling arrangements for different concentrates and blends as well as heavy trucking and rail needs to deliver final products in bulk size, necessitating higher G&A expenses.”

Other members of the council include John Hathaway, the general partner at Tocqueville Asset Management, and activist fund manager Livermore Partners.

EDITED BY: Bloomberg

https://m.miningweekly.com/article/gold-investors-see-ma-cost-cuts-unlocking-13bn-2019-09-13/rep_id:3861

A big buyer got in end of day? Or something larger? Anyone have a clue...we surged at end of day...but there was not change in Gold price. Strange..looking for a big pop tomorrow. And perhaps news of something on the situation at one of the mines.

Charts

GSS INVESTMENT HIGHLIGHTS:

*Established gold miner with significant underground mines in Ghana, West Africa.

*Gold Revenue for Q2 2019 totaled $61.9 million

*Cash Position = $66.2 million as of June 30, 2019

*Key management changes announced with new CEO and new COO

*Production Guidance of 190,000 - 205,000 ounces for 2019

*Signed commitment letter with Macquarie Bank for $60 million to refinance specific debt facilities


Background:

Golden Star is an established gold mining company with two producing mines on the prolific Ashanti Gold Belt in Ghana. 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.

Market Capitalization: $350 million
Current Price: $3.00
YTD H-L: $2.43 - $4.97
Symbol: GSS - NYSE American

Website: www.gsr.com

Did they r/s the price?? Or did they struck goldmine??

News: $GSS Golden Star Announces Drilling Results at its Wassa and Father Brown Deposits Including the Extension of Gold Mineralization at Both Locations

TORONTO , July 15, 2019 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") is pleased to announce that it has intersected significant gold mineralization 200 metres ("m") down plunge to the south of the Inferred Mineral Reso...

In case you are interested Golden Star Announces Drilling Results at its Wassa and Father Brown Deposits Including the Extension of Gold Mineralization at Both Locations

Insider buy info from Canadian site

https://www.canadianinsider.com/node/7?menu_tickersearch=GSC+%7C+Golden+Star+Resources

Word is that a director/insider has purchased over 100K in stock on his own dime. The supporting info is said to be linked on the Canadian exchange info system. Strong move has followed and should continue as the company has really cleaned up the balance sheet and has announced a buyback of their own stock. GLTA!

Nice day

#s not so good ???

Nice few days

It looks like you may have some catching up to do, next couple weeks will be pivotal.

http://www.gsr.com/investors/news/news-details/2018/Golden-Star-Announces-Long-Term-Strategic-Investment-by-La-Mancha/default.aspx

http://s1.q4cdn.com/789791377/files/doc_downloads/2018/08/PRINT_M_Golden-Star-Circular_48pp_v2.pdf

https://finance.yahoo.com/quote/GSS/community?p=GSS

That's good news...

Come on GSS...I knew you could do it.

if it hits that price, I'm out..Take my money and run with a smile.

You lucky dog! There's nothing like making it to the peak. Love that feeling! I didn't this time around, but I'm happy where I stopped Congrats to both of us

This madman here actually sold at the top of a peak. Congrats lol

Woo! She shot up, and I'm out! GSS you rock!

8/7: Price Target C$1.60/Share by Desjardins Securities (Dow Jones) down from C$1.65. (Current price USD 0.73)

8/1: Partnership with La Mancha: La Mancha Announces the Investment of US$125.7 M in Golden Star Resources and the Creation of a Strategic Partnership (Dow Jones)

Golden Star Reports Second Quarter 2018 Results
PR Newswire PR NewswireAugust 1, 2018
TORONTO, Aug. 1, 2018 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") reports its financial and operational results for the quarter ended June 30, 2018.

HIGHLIGHTS:

Gold production of 61,209 ounces in the second quarter of 2018
Strong production from the Wassa Complex ("Wassa") in the second quarter of 2018, continuing to exceed expectations
Significant improvements delivered at the Prestea Underground Gold Mine ("Prestea Underground") in the second quarter of 2018 compared to the first quarter of 2018, when the mine achieved commercial production
Cash operating cost per ounce1 of $809 and All-In Sustaining Cost ("AISC") per ounce1 of $1,104 in the second quarter of 2018
Capital expenditures of $10.2 million in the second quarter of 2018
Cash provided by operations before changes in working capital of $10.3 million or $0.03 per share in the second quarter of 2018 and mine operating margin of $10.2 million
Consolidated cash balance of $21.9 million at June 30, 2018
Post period end, the creation of a long term, strategic relationship was agreed with La Mancha Holding S.à r.l. ("La Mancha"), including a $125.7 million investment, which will support Golden Star's growth as a leading African gold producer2
Golden Star is on track to achieve its consolidated full year ("FY") 2018 guidance in terms of gold production, cash operating cost per ounce1 and AISC per ounce1


Notes:

1. See "Non-GAAP Financial Measures".

2. For more information, please see the press release entitled, 'Golden Star announces long term, strategic investment by La Mancha', dated August 1, 2018.



Sam Coetzer, President and Chief Executive Officer of Golden Star, commented:

"During the second quarter of 2018, Prestea Underground delivered more ounces than the Prestea Open Pits, which is testament to the hard work and disciplined approach of our underground team. We expect to see further improvements during the coming months and we anticipate that Prestea Underground will achieve its nameplate production rate during the fourth quarter of 2018. We will also continue to right size this operation with the aim of reducing operating costs and generating a stronger cash margin. Wassa Underground delivered another impressive quarter, with both grades and tonnages exceeding our expectations. I am looking forward to releasing the Preliminary Economic Assessment for Wassa's Inferred Mineral Resources to gain a more thorough understanding of the full potential of this substantial deposit. After two quarters, we are on track to achieve our consolidated full year 2018 production and cost guidance and with our strategic relationship with La Mancha agreed, we are well-positioned to deliver significant value for our shareholders."

La Mancha Transaction and Second Quarter 2018 Conference Call Details

Golden Star will conduct a conference call and webcast to discuss the La Mancha transaction and the results of the second quarter of 2018 on Thursday, August 2, 2018 at 10:00am ET. The Chief Executive Officer of La Mancha, Andrew Wray, will join the Golden Star management team on the call.

The call can be accessed by telephone or by webcast as follows:

Toll Free (North America): +1 866 393 4306
Toronto Local and International: +1 734 385 2616
Conference ID: 3081459
Webcast: www.gsr.com

A recording and webcast replay of the call will be available at www.gsr.com following the call.

SUMMARY OF CONSOLIDATED OPERATIONAL AND FINANCIAL RESULTS



Three Months Ended



June 30,

OPERATING SUMMARY


2018

2017

Wassa gold sold

oz

38,249

31,985

Prestea gold sold

oz

22,310

31,619

Total gold sold

oz

60,559

63,604

Wassa gold produced

oz

38,532

32,161

Prestea gold produced

oz

22,677

32,014

Total gold produced

oz

61,209

64,175

Average realized gold price1

$/oz

1,273

1,222





Cost of sales per ounce – Consolidated2

$/oz

1,106

1,012

Cost of sales per ounce – Wassa2

$/oz

944

1,235

Cost of sales per ounce – Prestea2

$/oz

1,383

785

Cash operating cost per ounce – Consolidated2

$/oz

809

785

Cash operating cost per ounce – Wassa2

$/oz

610

980

Cash operating cost per ounce – Prestea2

$/oz

1,149

585

All-In Sustaining cost per ounce – Consolidated2

$/oz

1,104

960



Notes:

1.

Average realized gold price per ounce excludes pre-commercial production ounces sold at Prestea Underground in 2018 and 2017.

2.

See "Non-GAAP Financial Measures".





Three Months Ended



June 30,

FINANCIAL SUMMARY


2018

2017

Gold revenues

$'000

77,121

77,335

Cost of sales excluding depreciation and amortization

$'000

57,717

55,173

Depreciation and amortization

$'000

9,235

8,893

Mine operating margin

$'000

10,169

13,269

General and administrative expense

$'000

6,909

1,953

Loss/(gain) on fair value of financial instruments, net

$'000

1,301

(4,907)

Net (loss)/income attributable to Golden Star shareholders

$'000

(6,642)

13,883

Adjusted net income attributable to Golden Star shareholders1

$'000

2,408

7,703

(Loss)/income per share attributable to Golden Star shareholders - basic

$/share

(0.02)

0.04

(Loss)/income per share attributable to Golden Star shareholders - diluted

$/share

(0.02)

0.02

Adjusted income per share attributable to Golden Star shareholders – basic1

$/share

0.01

0.02

Cash provided by operations

$'000

10,321

11,082

Cash provided by operations before working capital changes1

$'000

10,276

14,198

Cash provided by operations per share - basic

$/share

0.03

0.03

Cash provided by operations before working capital changes per share – basic1

$/share

0.03

0.04

Capital expenditures

$'000

10,186

18,307



Notes:

1. See "Non GAAP Financial Measures".



OPERATIONAL PERFORMANCE

Overview

In the second quarter of 2018 Golden Star produced 61,209 ounces of gold. This quarter was the Company's second quarter as a primarily underground-focused gold producer, following the cessation of production from the Wassa Main Pit in January 2018. Production from the Prestea Open Pits is ongoing and ore supply from this operation is expected to continue into the middle of the third quarter of 2018. However once production from the Prestea Open Pits concludes, Golden Star intends to focus on high margin, underground ore with the objective of strengthening its financial position and creating a robust platform to deliver shareholder value.

The Wassa Complex delivered another strong quarter. Gold production increased by 20% in the second quarter of 2018 to 38,532 ounces compared to the second quarter of 2017 and it increased by 9% compared to the first quarter of 2018. 92% of Wassa's production was attributable to Wassa Underground, which delivered higher grades and higher tonnages than expected. Consequently, Wassa delivered its lowest cash operating cost per ounce1 in over seven years of $610.

Gold production from the Prestea Complex ("Prestea") was 22,677 ounces in the second quarter of 2018. The second quarter of 2018 was the first quarter that Prestea Underground delivered more ounces than the Prestea Open Pits (55% of the Prestea Complex's total production), which is a result of the ramp up of production from the underground operation and the Prestea Open Pits approaching the end of their mine life. The grade of the ore processed from Prestea Underground increased by 65% in the second quarter of 2018 compared to the first quarter of 2018 and Golden Star expects the targeted production rate of 650 tpd to be achieved at Prestea Underground during the fourth quarter of 2018.

Golden Star's consolidated cash operating cost per ounce1 was $809 in the second quarter of 2018, which represents a 3% increase compared to the second quarter of 2017. Although Wassa reported a 38% decrease in cash operating cost per ounce1 to $610, this was offset by a 96% increase at Prestea to $1,149.

Probably will be positive. I just hope it moves the stock.

Earnings tomorrow... after bell. hoping for positives

Short interest just decreased a whopping -39% in the last two weeks of June. Dropping from 12.609M to a new low of 7.738M just 2% of float.

http://shortsqueeze.com/?symbol=gss&submit=Short+Quote%E2%84%A2

More huge buys today above .70... something be cooking

$GSS Earnings Estimate for current quarter up 185%
EPS estimate up $0.013 to $0.02 for quarter ending 6/2018

GSS Golden Star Resources Ltd
Last Price $0.7125
Last Update 9:00am ET
Change  0.00 (0.00%)
Open --
Prev Close $0.7125
Day Range -- - --
P/E Ratio 6.97x
Volume 0


Quarter Ending 6/2018
# Estimates 3
Current Est $0.02
Prev $0.007
Range $-0.01- $0.05
Current Rec --
Prev --
Range --

3 big buys end of day
666,700 @ .7050
666,700 @ .7050
1,333,300@ .7050

Only 1 or this month so far..News is due...

European Gold Forum Video Sam Coetzer Presenting:

http://www.europeangoldforum.org/egf18/company-webcast/GSS:US/

Good Luck
Just took 10% profit on this one. Will probably fly when you least expect it.

YUP, I changed my sell price!
Nothing outrageous...just a little higher...I didn't want them pulled out from under me by accident when I wasn't looking

4/16: GSS upgraded to outperform by BMO Capital (MarketWatch)

Good stuff

Estimated 5.2 million ounces equals $6.9 billion. Current market cap is $235 million.

Strong pr. Chart looks primed. Good Luck.

GSS Just found 2x expected gold. Just released and moving AH. Good Luck!
https://ih.advfn.com/p.php?pid=nmona&article=77167747

It’s time.. bottom is in. quarter after quarter exceeding expectations.. we go up from here

I had a buy at .62 I pulled last second when I saw the pressure. Dropped the hammer at .565 looks pretty good so far. Could retrace a little bit to .54 but hope I caught rock bottom

Never intended on buying, already have a full boat, just having a little fun.

Do you guys enjoy taking it up the bum with those memos?

I also got the memo.

Hi Blue....

my feeling is we aren't going to see much until they actually put out a PR, not just about mining, but how much they are taking out of the ground/mines and its worth.

Until then, they can dig holes all over the place and it doesn't mean much. Even if they get into a mine that has a supposed sum of gold. If they don't dig where the vein runs, it is worthless.

:>(

Tomorrow
Buy