| Golden Star Gives Update on Bogoso Refractory Operations - Analyst Blog | |
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Golden Star Resources, Ltd. GSS has provided an update on the refractory mining and processing operations at Bogoso. The operations were originally scheduled to be shuttered in the fourth quarter of 2015 in sync with the company’s strategy of transitioning into a low cost non-refractory gold producer. However, the ball mill motor at the Bogoso refractory plant failed due to frequent voltage fluctuations in the grid power supply over the last three months. A replacement motor for the ball mill is expected to be on site next week. This downtime at the plant impacts bacterial activity and gold recovery in the BIOX circuit. The company took into consideration the cumulative impact on throughput at the mill and the resulting impact of such throughput issues on the cost structure and is therefore contemplating an early closure of the refractory operations at Bogoso. This is expected to negatively impact production and costs for 2015. Golden Star expected the operation to produce 145,000—155,000 ounces of gold in 2015 at a cash cost of between $870 and $960 per ounce. The share price of the company fell roughly 4.7% and closed at $0.31 on Monday. Last month, Golden Star announced that it has secured the necessary permits to develop open pit operations at its Prestea Mine. These surface operations are expected to be in production by end-2015, a year earlier than production from the mine was initially expected. Golden Star Resources carries a Zacks Rank #3 (Hold). Some better-ranked stock in the gold mining industry are Sandstorm Gold Ltd. SAND, Primero Mining Corp. PPP and Vista Gold Corp. VGZ. While Sandstorm Gold sports a Zacks Rank #1 (Strong Buy), Primero Mining and Vista Gold hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PRIMERO MINING (PPP): Free Stock Analysis Report SANDSTORM GOLD (SAND): Free Stock Analysis Report GOLDEN STAR RES (GSS): Free Stock Analysis Report VISTA GOLD CORP (VGZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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PRODUCTEUR |
CODE : GSC.TO |
ISIN : CA38119T1049 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Golden Star est une société de production minière d'or basée aux Etats-Unis D'Amerique. Golden Star détient divers projets d'exploration au Burkina Faso. Ses principaux projets en production sont BOGOSO / PRESTEA, WASSA, BENSO et HWINI-BUTRE (FATHER BROWN) au Ghana et ses principaux projets en exploration sont AKROPONG TREND et DUNKWA au Ghana, MANO RIVER en Sierra Leone, SARAMACCA et AMÉLIKIA au Suriname et GOULAGOU - ROUNGA au Burkina Faso. Golden Star est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 235,3 millions (188,1 millions US$, 168,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 novembre 2003 à 9,94 , et son plus bas niveau récent le 24 décembre 2014 à 0,20 . Golden Star possède 47 442 200 actions en circulation. |