Document:

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                                                                EXHIBIT 10.33(b)

                          GOLDEN STAR RESOURCES LTD.

                            1997 STOCK OPTION PLAN
                    (Amended and restated to June 14, 1999)

1.   Purpose

1.1  The purpose of the 1997 Stock Option Plan (the "Plan") is to advance
     the interests of Golden Star Resources Ltd. (the "Corporation") by
     encouraging equity participation in the Corporation by selected key
     employees, consultants and directors of the Corporation or subsidiaries of
     the Corporation through the acquisition of common shares without par value
     ("Shares") in the Corporation.  Any reference herein to the Corporation or
     any subsidiary of the Corporation shall be deemed to refer to any
     predecessor or successor corporation thereto.

     It is the further purpose of this Plan to permit the granting of awards
     that will constitute performance-based compensation for certain executive
     officers, as described in section 162(m) of the United States Internal
     Revenue Code of 1986, as amended (the "Code"), and regulations promulgated
     thereunder.

     As of the effective date of the Plan, the 1992 Employees' Stock Option Plan
     and the 1992 Non-Discretionary Directors' Stock Option Plan (collectively,
     the "1992 Plans") will be terminated subject to the assumption under the
     Plan of outstanding options granted under the 1992 Plans.

2.   Administration of the Plan

2.1  The Plan will be administered by a specifically designated independent
     committee ("Independent Committee") of the Board of Directors of the
     Corporation (the "Board of Directors"), except that with respect to options
     granted to non-employee directors of the Corporation, the Board of
     Directors shall serve as the Committee, and, where applicable, any
     reference herein to the Independent Committee shall be deemed to refer to
     the Board of Directors.  The Independent Committee shall consist of such
     two or more directors of the Corporation as the Board of Directors may
     designate from time to time, all of whom shall be and remain directors of
     the Corporation.  To the extent necessary to comply with Code section
     162(m) or Rule 16b-3 under the Securities Exchange Act of 1934 (the
     "Exchange Act"), as amended ("Rule 16b-3"), each member of the Independent
     Committee shall be intended to be an "outside director" within the meaning
     of Code section 162(m) or a "non-employee director" within the meaning of
     Rule 16b-3.  The Independent Committee is authorized to interpret and to
     implement the Plan and all Plan agreements and may from time to time amend
     or rescind rules and regulations required for carrying out the Plan.  The
     Independent Committee shall have the authority to exercise all of the
     powers granted to it under the Plan, to make any determination necessary or
     advisable in administering the Plan and to correct any defect, supply any
     omission and reconcile any inconsistency in the Plan.  Any such
     interpretation or construction of any provision of the Plan shall be final
     and conclusive.  Notwithstanding the foregoing, the Board of Directors may
     resolve to administer the Plan with respect to all of the Plan or certain
     participants and/or awards made or to be made under the Plan.  To the
     extent that the Board of Directors determines to administer the Plan, all
     references herein to the Independent Committee shall be deemed to refer to
     the Board of Directors.

     All administrative costs of the Plan shall be paid by the Corporation.  No
     member of the Independent Committee shall be liable for any action or
     determination made in good faith with respect to the Plan or any option
     granted under it.
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3.   Participation

3.1  Options may be granted under the Plan to persons who are directors or key
     employees (including officers, whether or not directors, and part-time
     employees) of, or independent consultants to, the Corporation or any of its
     subsidiaries who, by the nature of their positions or jobs, are in the
     opinion of the Independent Committee in a position to contribute to the
     success of the Corporation or any of its subsidiaries or who, by virtue of
     their length of service to the Corporation or to any of its subsidiaries
     are, in the opinion of the Independent Committee, worthy of special
     recognition. Designation of a participant in any year shall not require the
     designation of such person to receive an option in any other year. The
     Independent Committee shall consider such factors as it deems pertinent in
     selecting participants and in determining the amount and terms of their
     respective options.

     Options shall also be granted to non-employee directors of the Corporation
     in accordance with Section 11 of the Plan.

3.2  Subject to applicable regulatory approval, options may also be granted
     under the Plan in exchange for outstanding options granted by the
     Corporation, whether such outstanding options are granted under the Plan,
     under any other stock option plan of the Corporation or under any stock
     option agreement with the Corporation.  Options granted under the 1992
     Plans which are outstanding upon the effectiveness of the Plan will be
     assumed and will be deemed to be governed by the Plan as of such date.

3.3  Options may also be granted under the Plan in substitution for
     outstanding options of another corporation in connection with a plan of
     arrangement, amalgamation, merger, consolidation, acquisition of property
     or shares, or other reorganization between or involving such other
     corporation and the Corporation or any of its subsidiaries.

4.   Number of Shares Reserved under the Plan

4.1  The number of Shares reserved for issuance under the Plan is limited
     as follows:

     (a)  the maximum number of Shares issuable pursuant to the exercise of
          options granted under the Plan shall be 5,600,000 (including such
          number of Shares issuable upon exercise of options granted under the
          1992 Plans as of the effective date of the Plan) provided, however,
          if, after the effective date of the Plan, any Shares covered by an
          option granted under the Plan, or to which such an option relates, are
          forfeited, or if an option has expired, terminated or been canceled
          for any reason whatsoever (other than by reason of exercise), then the
          Shares covered by such option shall again be, or shall become, Shares
          with respect to which options may be granted hereunder;

     (b)  the number of Shares that may be reserved from time to time under the
          Plan for issuance to Insiders (as defined below) of the Corporation
          shall be limited to that number which is equal to the difference
          between (i) 10% of the outstanding number of Shares from time to time,
          and (ii) the number of Shares that are reserved for issuance to
          Insiders pursuant to stock options granted under other stock option
          plans or arrangements of the Corporation;

     (c)  the total number of Shares issuable within any one-year period to all
          Insiders of the Corporation pursuant to the exercise of vested options
          granted under the Plan or pursuant to any other share compensation
          arrangements of the Corporation shall not exceed 10% of the
          Outstanding Issue;

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     (d)  the total number of Shares reserved for issuance to any one optionee
          pursuant to options granted under the Plan or other stock option plans
          or arrangements of the Corporation shall not exceed 5% of the
          outstanding number of Shares from time to time; and

     (e)  the total number of Shares issuable within any one-year period to an
          Insider and, if applicable, such Insider's "associates" (as defined
          under the Securities Act (Ontario) pursuant to the exercise of vested
          options granted under the Plan or any other share compensation
          arrangements of the Corporation shall not exceed 5% of the Outstanding
          Issue.

     "Insiders" has the meaning set forth in the Toronto Stock Exchange's policy
     issued March 22, 1994 entitled "Employee Stock Option and Stock Purchase
     Plans, Options for Services and Related Matters." "Outstanding Issue", for
     the purposes of the Plan, is determined on the basis of the number of
     Shares that are outstanding immediately prior to the Shares issuance in
     question, excluding Shares issued pursuant to the Plan or the Corporation's
     other share compensation arrangements over the preceding one-year period.
     The maximum number of Shares set forth in Section 4.1(a) shall be
     appropriately adjusted in the event of any subdivision or consolidation of
     the Shares or in the discretion of the Independent Committee, to reflect
     any other corporate event or change in the Shares.

5.   Number of Optioned Shares per Optionee

5.1  Subject to Section 4.1 hereof, the maximum number of Shares subject to
     options granted to any one participant under the Plan in any one calendar
     year shall not exceed 400,000 (subject to adjustment in the event of any
     subdivision or consolidation of the Shares).  Subject to these limitations
     and Section 11, however, the determination regarding the number of optioned
     Shares that may be granted to each optionee pursuant to an option will be
     made by the Independent Committee and will take into consideration the
     optionee's present and potential contribution to the success of the
     Corporation.

6.   Price

6.1  The exercise price per optioned Share shall be determined by the
     Independent Committee at the time the option is granted, but such price
     shall not be less than the fair market value per Share on the date of
     grant. For the purposes of the Plan, "fair market value" per Share shall
     mean the closing price of the Shares on the stock exchange or other market
     on which the Shares principally traded on the day immediately preceding the
     date of grant.

7.   Exercise of Options

7.1  The period during which an option may be exercised (the "Option Period")
     shall be determined by the Independent Committee at the time the option is
     granted and may be up to 10 years from the date the option is granted,
     except as the same may be reduced pursuant to the provisions of Sections 8
     and 9 hereof and except as provided in Section 11 hereof.

7.2  In order to ensure that the Corporation will receive the benefits
     contemplated in exchange for the options granted hereunder, no option shall
     be exercisable until it has vested. Subject to Section 11.1 hereof, the
     vesting schedule for each option shall be specified in an option agreement
     as provided for in Section 12 hereof; provided, however, that the
     Independent Committee shall have the right with respect to any one or more
     optionees to accelerate the time at which an option may be exercised.
     Notwithstanding the foregoing provisions of this Section 7.2, if there is a
     Change of Control, as defined below, then all options outstanding shall
     become immediately exercisable.

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     For purposes of this Plan, a "Change of Control" shall mean the occurrence
     of any of the following: (i) the sale, lease, transfer, conveyance or other
     disposition, in one or a series of related transactions, of all or
     substantially all of the assets of the Corporation to any "person" or
     "group" (as such terms are used in Sections 13(d)(3) and 14(d)(2) of the
     Exchange Act), (ii) any person or group, is or becomes the "beneficial
     owner" (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except
     that a person shall be deemed to have "beneficial ownership" of all shares
     that any such person has the right to acquire, whether such right is
     exercisable immediately or only after the passage of time), directly or
     indirectly, of more than 50% of the total voting power of the voting stock
     of the Corporation, including by way of merger, consolidation or otherwise
     or (iii) during any period of two consecutive years, individuals who at the
     beginning of such period constituted the Board of Directors (together with
     any new directors whose election by such Board of Directors whose
     nomination for election by the shareholders of the Corporation was approved
     by a vote of a majority of the directors of the Corporation, then still in
     office, who were either directors at the beginning of such period or whose
     election or nomination for election was previously so approved) cease for
     any reason to constitute a majority of the Board of Directors, then in
     office.

7.3  Options shall be exercisable, either all or in part, at any time after
     vesting.  If less than all of the Shares included in the vested portion of
     any option are purchased, the remainder may be purchased, subject to the
     option's terms, at any subsequent time prior to the expiration of the
     Option Period.

7.4  Except as set forth in Sections 8 and 9 hereof, no option may be exercised
     unless the optionee is at the time of such exercise an employee or director
     of, or consultant to, the Corporation or any of its subsidiaries and shall
     have continuously served in any one or more of such capacities since the
     grant of the option. Absence on leave, with the approval of the Independent
     Committee, shall not be considered an interruption of service for any
     purpose of the Plan.

7.5  The exercise of any option will be contingent upon receipt by the
     Corporation of payment for the full purchase price of the Shares being
     purchased in cash by way of certified cheque or bank draft or by way of
     proceeds of any loan made by the Corporation to the optionee pursuant to
     Section 10 hereof. No optionee or his or her legal representatives,
     legatees or distributees will be, or will be deemed to be, a holder of any
     Shares subject to an option under the Plan, unless and until certificates
     for such Shares are issued to him, her or them under the terms of the Plan.

7.6  No option granted under the Plan shall be an "incentive stock option"
     within the meaning of Code section 422.

8.   Termination of Employment or Service

8.1  With respect to an optionee who is an employee or consultant (but not a
     director) of the Corporation or any of its subsidiaries (a "Non-Director
     Optionee"), if such Non-Director Optionee ceases to be an employee or
     consultant of the Corporation or any of its subsidiaries for any reason
     (other than death), such Non-Director Optionee may, subject to Section 8.4,
     only exercise each option held, to the extent that it has vested and not
     been exercised, until the earlier of (a) the date which is 60 days after
     such Non-Director Optionee ceases to be an employee or consultant of the
     Corporation or any of its subsidiaries, and (b) the expiry of the Option
     Period for the option.

8.2  With respect to an optionee who is a director (but not an officer, employee
     or consultant) of the Corporation or any of its subsidiaries (a "Non-
     employee Director Optionee"), if such Non-employee Director Optionee ceases
     to be a director of the Corporation or any of its subsidiaries for any
     reason (other than death) and will not concurrently become an officer,
     employee or consultant of the Corporation or any of its subsidiaries, such
     Non-employee Director Optionee may, subject to Section 8.4, only exercise
     each option held, to the extent that it has

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     vested and not been exercised, until the earlier of (a) the date which is
     one year after such Non-employee Director Optionee ceases to be a director
     of the Corporation or any of its subsidiaries, and (b) the expiry of the
     Option Period for the option.

8.3  With respect to an optionee who is a director (and also an officer,
     employee or consultant) of the Corporation or any of its subsidiaries (an
     "Employee Director Optionee"), if such Employee Director Optionee ceases to
     be a director, officer, employee or consultant of the Corporation or any of
     its subsidiaries for any reason (other than death), such Employee Director
     Optionee may, subject to Section 8.4, only exercise each option held, to
     the extent that it has vested and not been exercised until the earlier of:

     (a)  the date which is the later of:

          (i)  the date which is 60 days after the Employee Director Optionee
               ceases to be an officer, employee or consultant of the
               Corporation, and

          (ii) the date which is one year after the Employee Director Optionee
               ceases to be a director of the Corporation, and the expiry of the
               Option Period for the option.

8.4  Notwithstanding the other provisions of this Section 8, each option may
     continue to be exercisable for such longer period than that otherwise
     provided for in this Section 8 if and as may be determined by the
     Independent Committee and any such determination by the Independent
     Committee may be made retroactively in order to reinstate the effectiveness
     of an option held by an optionee that is otherwise rendered unexercisable
     pursuant to the other provisions of this Section 8, provided, however, that
     any such determination by the Independent Committee shall be subject to the
     following:

     (a)  such determination shall be made within four months after the latest
          to occur of the optionee ceasing to be an officer, employee,
          consultant, or director of the Corporation or any of its subsidiaries;

     (b)  such determination shall be subject to applicable regulatory
          approvals; and

     (c)  such longer exercise period determined by the Independent Committee
          for any option shall not extend beyond the expiry of the Option Period
          for the option.

9.   Death of Optionee

9.1  In the event of the death of an optionee while in service or in the post-
     termination period described in Section 8, each option theretofore granted
     to him or her shall be exercisable until the earlier of:

     (a)  the expiry of the period within which the option may be exercised
          after such death, which period may be up to one year after such death
          and is to be specified in his or her option agreement, and

     (b)  the Option Expiry Date;

     provided, however, that the option is only exercisable in such event:

     (c)  by the person or persons to whom the optionee's rights under the
          option shall pass by the optionee's will or by the laws of descent and
          distribution, and

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     (d)  to the extent that the option has vested and not been exercised prior
          to the Optionee's death.

10.  Loans to Employees

10.1 An interest free loan will be made available to optionees who are employees
     of the Corporation or any of its subsidiaries at the time the loan is made,
     the proceeds of which loan may only be used directly for the exercise of
     options granted under the Plan to the optionee. The optionee shall pledge
     the subject shares as security for timely repayment of the loan and the
     Corporation's sole recourse for repayment and recovery of the loan shall be
     against the pledged shares. Until the loan is repaid, the pledged shares
     will be held by a trustee designated by the Corporation. The term of the
     loan shall be five years from the date of the loan, provided that the due
     date for the loan shall not in any event extend beyond that date which is
     ten years from the date of grant of the particular option, and, provided
     further, that the loan shall be repaid within 30 days of the earlier of the
     date upon which the optionee ceases to be an employee of the Corporation or
     any of its subsidiaries for any reason (other than death), or the date upon
     which the optionee receives notice from the Corporation or any of its
     subsidiaries of the termination of his or her employment. If the option has
     not been exercised by the optionee prior to his or her death, the loan
     provisions shall not be available for the exercise of the option pursuant
     to Section 9 hereof after his or her death.

11.  Automatic Grants to Non-Employee Directors

11.1 For purposes of this Section 11, a non-employee director is any person who
     is a member of the Board of Directors and who is not an officer (other than
     as non-executive Chairman of the Board), employee or consultant of the
     Corporation or any of its subsidiaries.

11.2 Each person who becomes a non-employee director of the Corporation will
     automatically be granted, as of the date such person first becomes a non-
     employee director, an option to purchase 40,000 Shares, provided that,
     within the one year prior to the date he or she became a non-employee
     director, he or she had not been granted any other stock option by the
     Corporation or an affiliate of the Corporation.

11.3 Upon a non-employee director being re-elected at each successive annual
     general meeting of the Corporation, he or she will automatically be
     granted, as of the date of each such re-election, an additional option to
     purchase 10,000 Shares, provided that, in respect of the first additional
     option to be granted pursuant to this Section 11.3 after the initial option
     granted pursuant to Section 11.2, at least 8 months shall have elapsed
     since the initial option granted pursuant to Section 11.2.

11.4 Each option granted under this Section 11 will, except as provided in
     Section 8, be exercisable for a period of 10 years from the date the option
     is granted at an exercise price per optioned Share determined in accordance
     with Section 6.1 hereof and will vest immediately upon grant.

11.5 Notwithstanding the provisions for automatic grants of options set forth in
     Sections 11.2 and 11.3 hereof, if any particular automatic grant of an
     option would violate the requirements of Section 4.1 or 5.1 hereof, then
     the grant of such option shall be postponed until such time as when the
     option may be granted without any violation of Sections 4.1 and 5.1 hereof.

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12.  Option Agreement

12.1 Upon the grant of an option to an optionee, the Corporation and the
     optionee shall enter into an option agreement setting out the number of
     optioned Shares granted to the optionee and incorporating the terms and
     conditions of the Plan and any other requirements of regulatory bodies
     having jurisdiction over the securities of the Corporation and such other
     terms and conditions as the Independent Committee may determine are
     necessary or appropriate, subject to the Plan's terms.

13.  Adjustment in Shares Subject to the Plan

13.1 The option exercise price and the number of Shares to be purchased by an
     optionee upon the exercise of an option will be adjusted, with respect to
     the then unexercised portion thereof, by the Independent Committee from
     time to time (on the basis of such advice as the Independent Committee
     considers appropriate, including, if considered appropriate by the
     Independent Committee, a certificate of auditors of the Corporation) in the
     event and in accordance with the provisions and rules set out in this
     Section 13.  Any dispute that arises at any time with respect to any
     adjustment pursuant to such provisions and rules will be conclusively
     determined by the Independent Committee, and any such determination will be
     binding on the Corporation, the optionee and all other affected parties.

     (a)  In the event that a dividend is declared upon the Shares payable in
          Shares (other than in lieu of dividends paid in the ordinary course),
          the number of Shares then subject to any option shall be adjusted by
          adding to each such Share the number of Shares which would be
          distributable thereon if such Share had been outstanding on the date
          fixed for determining shareholders entitled to receive such stock
          dividend.

     (b)  In the event that the outstanding Shares are changed into or exchanged
          for a different number or kind of Shares or other securities of the
          Corporation or of another corporation, whether through an arrangement,
          amalgamation or other similar procedure or otherwise, or a share
          recapitalization, subdivision or consolidation, then there shall be
          substituted for each Share subject to any option the number and kind
          of Shares or other securities of the Corporation or another
          corporation into which each outstanding Share shall be so changed or
          for which each such Share shall be exchanged.

     (c)  In the event that there is any change, other than as specified above
          in this Section 13, in the number or kind of outstanding Shares or of
          any securities into which such Shares shall have been changed or for
          which they shall have been exchanged, then, if the Independent
          Committee, in its sole discretion, determines that such change
          equitably requires an adjustment to be made in the number or kind of
          Shares, such adjustment shall be made by the Independent Committee and
          be effective and binding for all purposes.

     (d)  In the event that the Corporation distributes by way of a dividend, or
          otherwise, to all or substantially all holders of Shares, property,
          evidences of indebtedness or shares or other securities of the
          Corporation (other than Shares) or rights, options or warrants to
          acquire Shares or securities convertible into or exchangeable for
          Shares or other securities or property of the Corporation, other than
          as a dividend in the ordinary course, then, if the Independent
          Committee, in its sole discretion, determines that such action
          equitably requires an adjustment in the option exercise price or
          number of Shares subject to any option, or both, such adjustment shall
          be made by the Independent Committee and shall be effective and
          binding for all purposes.

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13.2 In the case of any such substitution or adjustment as provided for in this
     Section 13, the exercise price in respect of each option for each Share
     covered thereby prior to such substitution or adjustment will be
     proportionately and appropriately varied, such variation shall generally
     require that the number of Shares or securities covered by the option after
     the relevant event multiplied by the varied option exercise price be equal
     to the number of Shares covered by the option prior to the relevant event
     multiplied by the original option exercise price.

13.3 No adjustment or substitution provided for in this Section 13 shall require
     the Corporation to issue a fractional share in respect of any option.
     Fractional shares shall be eliminated.

13.4 The grant of an option shall not affect in any way the right or power of
     the Corporation to effect adjustments, reclassifications, reorganizations,
     arrangements or changes of its capital or business structure, or to
     amalgamate, merge, consolidate, dissolve or liquidate, or to sell or
     transfer all or any part of its business or assets.

14.  Transferability

14.1 All benefits, rights and options accruing to any optionee in accordance
     with the terms and conditions of the Plan shall not be assignable other
     than as specifically provided in Section 9 in the event of the death of the
     optionee.  During the lifetime of an optionee, all benefits, rights and
     options shall not be transferable and may only be exercised by the
     optionee.

15.  Employment

15.1 Nothing contained in the Plan shall confer upon any optionee any right with
     respect to employment or continuance of employment with, or the provision
     of services to, the Corporation or any of its subsidiaries, or interfere in
     any way with the right of the Corporation or any of its subsidiaries to
     terminate the optionee's employment or services at any time.  Participation
     in the Plan by an optionee is voluntary.

16.  Record Keeping

16.1 The Corporation shall maintain a register in which shall be recorded:

     (a)  the name and address of each optionee; and

     (b)  the number of Shares subject to an option granted to an optionee and
          the number of Shares subject to the option remaining outstanding.

17.  Securities Regulation and Tax Withholding

17.1 Where the Independent Committee determines it is necessary or desirable to
     effect exemption from registration or distribution of the Shares under
     securities laws applicable to the securities of the Corporation, an
     optionee shall be required, upon the acquisition of any Shares pursuant to
     the Plan, to acquire the Shares with investment intent (i.e., for
     investment purposes) and not with a view to their distribution, and to
     present to the Independent Committee an undertaking to that effect in a
     form acceptable to the Independent Committee.  The Board of Directors and
     the Independent Committee may take such other action or require such other
     action or agreement by such optionee as may from time to time be necessary
     to comply with applicable securities laws.  This provision shall in no way
     obligate the Corporation to undertake the registration or qualification of
     any options or the Shares under any securities laws applicable to the
     securities of the Corporation.

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17.2 The Board of Directors and the Corporation may take all such measures as
     they deem appropriate to ensure that the Corporation's obligations under
     the withholding provisions under income and tax laws applicable to the
     Corporation and other provisions of applicable laws are satisfied with
     respect to the issuance of Shares pursuant to the Plan or the grant or
     exercise of options under the Plan.

17.3 Issuance, transfer or delivery of certificates for Shares purchased
     pursuant to the Plan may be delayed, at the discretion of the Independent
     Committee, until the Independent Committee is satisfied that the applicable
     requirement of securities and income tax laws have been met.

18.  Amendment and Termination

18.1 The Board of Directors reserves the right to amend or to terminate the Plan
     at any time if and when it is advisable in the absolute discretion of the
     Board of Directors; provided, however, that no such amendment or
     termination shall adversely affect any outstanding options granted under
     the Plan without the consent of the optionee. Furthermore, to the extent
     any amendment would require shareholder approval under Code section 162(m),
     such amendment shall be effective upon the required approval of the
     shareholders of the Corporation.  Any amendment to the Plan shall also be
     subject to any necessary approvals of any stock exchange or regulatory body
     having jurisdiction over the securities of the Corporation and, where
     applicable, shareholders approval.

18.2 Subject to regulatory approval, where applicable, the Independent Committee
     may waive any conditions or rights under, amend any terms of, or alter,
     suspend, discontinue, cancel or terminate, any option theretofore granted,
     prospectively or retroactively; provided, however, that any such waiver,
     amendment, alteration, suspension, discontinuance, cancellation or
     termination that would impair the rights of any optionee or any holder or
     beneficiary of any option theretofore granted shall not to that extent be
     effective without the consent of the affected optionee, holder or
     beneficiary.

19.  No Representation or Warranty

19.1 The Corporation makes no representation or warranty as to the future market
     value of any Shares issued in accordance with the provisions of the Plan.

20.  Necessary Approvals

20.1 The obligation of the Corporation to issue and to deliver any Shares in
     accordance with the Plan is subject to any necessary or desirable approval
     of any regulatory authority having jurisdiction over the securities of the
     Corporation.  If any Shares cannot be issued to any optionee for whatever
     reason, the obligation of the Corporation to issue such Shares shall
     terminate and any option exercise price paid to the Corporation shall be
     returned to the optionee.

21.  General Provisions

21.1 Nothing contained in the Plan shall prevent the Corporation or any
     subsidiary thereof from adopting or continuing in effect other compensation
     arrangements, which may, but need not, provide for the grant of options
     (subject to shareholder approval if such approval is required), and such
     arrangements may be either generally applicable or applicable only in
     specific cases.

21.2 The validity, construction, and effect of the Plan and any rules and
     regulations relating to the Plan and any option agreement shall be
     determined in accordance with the laws of the State of New York.

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21.3 If any provision of the Plan or any option is or becomes or is deemed to be
     invalid, illegal, or unenforceable in any jurisdiction or as to any person
     or option, or would disqualify the Plan or any option under any law deemed
     applicable by the Independent Committee, such provision shall be construed
     or deemed amended to conform to the applicable laws, or if it cannot be
     construed or deemed amended without, in the determination of the
     Independent Committee, materially altering the intent of the Plan or the
     option, such provision shall be stricken as to such jurisdiction, person or
     option and the remainder of the Plan and any such option shall remain in
     full force and effect.

21.4 Neither the Plan nor any option shall create or be construed to create a
     trust or separate fund of any kind or a fiduciary relationship between the
     Corporation or any subsidiary thereof and an optionee or any other person.

21.5 Headings are given to the Sections of the Plan solely as a convenience to
     facilitate reference.  Such headings shall not be deemed in any way
     material or relevant to the construction or interpretation of the Plan or
     any provision thereof.

22.  Term of the Plan

22.1 The Plan shall be effective as of the date of its approval by the
     shareholders of the Corporation, subject to receipt of all necessary
     regulatory approvals.

22.2 No option shall be granted under the Plan after June 10, 2007.  Unless
     otherwise expressly provided in the Plan or in an applicable option
     agreement, any option granted hereunder may, and the authority of the Board
     of Directors or the Independent Committee to amend, alter, adjust, suspend,
     discontinue, or terminate any such option or to waive any conditions or
     rights under any such option shall, continue after June 10, 2007.

                                                                              10<PAGE>

                                                                Exhibit 10.35(a)

   [English translation - French language version to prevail with respect to
                          matters of interpretation]

                            GUYANOR RESSOURCES S.A.
                               STOCK OPTION PLAN
                               -----------------

                   Amended and Restated as of June 15, 1999
PREAMBLE
--------

French law allows French companies to grant options to employees and certain
managers to subscribe for shares.

The shareholders of Guyanor Ressources S.A. ("Guyanor"), pursuant to certain
provisions of French law and regulations/(1)/, authorized on February 18, 1995
the adoption and implementation of a stock option plan in the form set out
herein (the "Plan") and have delegated to Guyanor's Board of Directors (the
"Board") the powers necessary to implement the Plan for the benefit of employees
and certain managers (hereinafter collectively referred to as the
"Beneficiaries") of Guyanor and, if certain requirements are met, its
subsidiaries and affiliates (including Golden Star Resources Ltd.). The Plan
was modified by the shareholders of Guyanor (the "Shareholders") as of December
8, 1995, June 10, 1997 and June 16, 1998. In addition, the Board, duly
authorized by the Shareholders to do so, have modified the Plan on June 16,
1998.

The Plan provides for the grant to Beneficiaries of options (each an "Option")
to purchase Class B common shares of Guyanor ("Shares"). The grant and exercise
of Options are governed by the terms of the Plan. Each Beneficiary granted an
Option shall receive a copy of the Plan, along with a stock option agreement
(the "Option Agreement") containing the conditions of such grant and the
exercise terms thereof.

The purpose of the Plan is to allow Beneficiaries to subscribe for Shares and to
associate themselves thereby with the prosperity of Guyanor and/or its
subsidiaries.

1.   Administration of the Plan
     --------------------------

The Board duly authorized by the Shareholders, may, from time to time, grant to
all or selected Beneficiaries the right to subscribe for a determined number of
Shares at a fixed price (hereafter the "Subscription Price") for a ten-year
period (hereafter the "Exercise Period"). The Plan shall be administered by the
Board. The Board shall have full authority and absolute discretion (except for
the determination of the Subscription Price), subject to French law, Canadian
securities law, applicable stock exchange requirements and Shareholders'
approval when required, to make any determination it deems necessary or
advisable in administering the Plan, including, the authority to (i) determine
and interpret the terms of the Plan and/or any option granted under it, (ii)
decide, modify and terminate or suspend any terms or conditions of the Plan,
(iii) determine the rights and obligations applicable to the Option and (iv)
approve or modify the form of stock option agreement to be used in relation with
the Plan. Any interpretation or construction of any provision of the Plan shall
be final and conclusive.

2.   Beneficiaries
     -------------

Beneficiaries who are eligible to receive Options under the Plan are employees
and certain managers of Guyanor or its subsidiaries and affiliates, individually
designated or meeting such criteria as determined by the Board, subject to
applicable legal requirements.

Neither the Plan nor an Option shall confer upon any Beneficiary any right with
respect to continuance of employment or interfere in any way with the right of
Guyanor, its subsidiaries and affiliates to terminate the Beneficiary's
employment at any time.

3.   Stock Option Agreement
     ----------------------

_____________________

/(1)/ Law of December 31, 1970, amending Article 208-1 and following of the
      French Corporate Law of 1966;
      Article 174-8 and following of the Decree of March 23, 1967 implementing
      Articles 208-1 and following.
<PAGE>

Each Beneficiary shall, as a condition of exercising an Option granted, enter
into an Option Agreement which shall stipulate: (i) the number of Shares being
offered (i.e., issuable upon exercise of the Option), (ii) the Subscription
Price, (iii) the length of the Exercise Period, (iv) the vesting period and (v)
all other terms and conditions the Board deems advisable.

4.   Restrictions
     ------------

The maximum number of Shares authorized by the Shareholders for issuance under
the Plan, as amended, is 4,367,889 subject to the following:

(a)  at any time, the total number of Options granted but not yet exercised may
     not give rights to Shares representing more than one-third of Guyanor's
     share capital (including the Shares and the Class A common shares of
     Guyanor that Guyanor has issued (collectively the "Guyanor Shares")) at the
     time the Option is granted;

(b)  any required adjustments to the number of Shares pursuant to section 8  of
     the Plan;

(c)  the total number of Shares reserved for issuance to any one Beneficiary
     pursuant to Options granted under the Plan or other stock option plans or
     arrangements of Guyanor shall not exceed 5% of the outstanding number of
     Guyanor Shares from time to time;

(d)  the number of Shares that may be reserved from time to time under the Plan
     for issuance to Insiders of Guyanor (as defined below) shall be limited to
     that number which is equal to the difference between (i) 10% of the
     outstanding number of Guyanor Shares at the time of the grant, and (ii) the
     number of Guyanor Shares that are reserved for issuance to Insiders
     pursuant to options granted under other stock option plans or arrangements
     of Guyanor;

(e)  the total number of Shares issuable within any one-year period to all
     Insiders of Guyanor pursuant to the exercise of vested options granted
     under the Plan or pursuant to any other share compensation arrangements of
     Guyanor shall not exceed 10% of the Outstanding Issue (as defined below);

(f)  the total number of Shares issuable within any one-year period to an
     Insider and, if applicable, such Insider's "associates" (as defined under
     the Securities Act (Ontario)) pursuant to the exercise of vested Options
     granted under the Plan or any other share compensation arrangements of
     Guyanor shall not exceed 5% of the Outstanding Issue.

"Insiders" has the meaning set forth under French law (Decree n/(degrees) /67-
833 of September 28, 1967) or by the Toronto Stock Exchange's (policy issued
March 22, 1994 entitled "Employee Stock Option and Stock Purchase Plans, Options
for Services and Related Matters"), as applicable.

"Outstanding Issue", for the purposes of the Plan, is determined on the basis of
the number of Guyanor Shares that are outstanding immediately prior to the
issuance of Shares in question, excluding Guyanor Shares issued pursuant to the
Plan or Guyanor's other share compensation arrangements over the preceding one-
year period.

Should an Option expire or become unexercisable for whatever reason without
having been fully exercised, the unissued Shares that were reserved for issuance
will be available for future Option grants in accordance with the Plan.

5. Subscription Price
   ------------------

The Subscription Price with respect to a Share subject to an Option shall be
denominated in French Francs and shall not be less than (i) the equivalent of
the Canadian dollar amount equal to the closing price of the Shares on the
Toronto Stock Exchange on the trading day immediately prior to the day the
Option is granted and (ii) 80% of the average closing price on the Nouveau
Marche of the Bourse de Paris during the 20 consecutive trading days immediately
preceding the date the Option is granted.

                                       2
<PAGE>

Subject to adjustment as provided for in section 8 of the Plan, the Subscription
Price shall remain unchanged throughout the Exercise Period.

6.   Exercise Period
     ---------------

The Shareholders have fixed the Exercise Period at ten years, and each Option
Agreement will set forth the Exercise Period which commences on the date of
grant of the Option and expires ten years thereafter. Any Beneficiary can
exercise an Option at any time during the Exercise Period, subject to the
conditions set forth herein and in the Option Agreement.

7.   Vesting Schedules
     -----------------

For each Option giving the Beneficiary the right to purchase 10,000 Shares or
less, the Beneficiary will, subject to the provision below, be entitled to
exercise the said Option on and after the date of the Option grant.

     For each Option giving the Beneficiary the right to purchase more than
     10,000 Shares, the Beneficiary will, subject to the provision below, be
     entitled to exercise the said Option in accordance with the following
     schedule:

          1.   as to 34% of the Shares, on and after the date of the Option
               grant;

          2.   as to 33% of the Shares, on and after 12 months after the date of
               the Option grant;
               and

          3.   as to the remaining 33% of the Shares, on and after 24 months
               after the date of the Option grant.

Notwithstanding the foregoing vesting schedules, a Beneficiary will only be
entitled to exercise any exercisable portion of an Option after he or she has
been employed by Guyanor and/or any of its subsidiaries or affiliates for 12
months. In addition, notwithstanding the foregoing vesting schedules, the Board
shall have the right and sole discretion to (i) impose a different vesting
schedule and (ii) to accelerate the time at which an Option may be exercised
with respect to any one or more Beneficiaries.

The number of Shares set forth in the foregoing vesting schedules shall be
subject to appropriate adjustments in accordance with section 8 of the Plan.

8.   Adjustments to the Subscription Price or the Number of Shares Offered
     ---------------------------------------------------------------------

The maximum number of Shares set forth in Section 4 shall be appropriately
adjusted in the event of any subdivision or consolidation of the Shares or in
the discretion of the Board, to reflect any other corporate event or change in
the Shares.

In addition, certain financial operations affecting the value of the Shares will
require under French law an adjustment in the Subscription Price and/or the
number of Shares underlying the Options.  These adjustments will be made to
maintain the Beneficiaries' rights only when a financial operation has an impact
on Guyanor's share capital.  By adjusting the number of Shares issuable upon
exercise of an Option and/or the Subscription Price of the Option, all
advantages granted to the Beneficiaries will be maintained throughout the
Exercise Period, regardless of any operations affecting Guyanor's stated
capital.  In the event of any such financial operations, the Board will
determine the necessary adjustments, if any, in accordance with applicable
French law, and the Beneficiaries will be notified in writing of all such
changes.

9.   Exercise of option
     ------------------

Subject to the vesting schedule and other conditions set forth herein and in the
Option Agreement, a Beneficiary can exercise an Option during the Exercise
Period.  Beyond this period, the Option is void.

Except in the event of death and termination of employment as set forth
hereinafter, no option may be exercised unless the Beneficiary is at the time of
such exercise and has been continuously since the grant of the option an
employee of

                                       3
<PAGE>

Guyanor, its subsidiaries or affiliates. Absence on leave, with the approval of
the Board, shall not be considered an interruption of services for any purpose
of the Plan,

No Beneficiary is required to exercise an Option.  Each Beneficiary freely
determines whether or not to exercise an Option by taking into account various
factors, including the potential financial profitability and the publicly traded
price of the Shares.

An Option can only be exercised by the Beneficiary himself or herself.  An
Option cannot be assigned or transferred except to heirs of the Beneficiary who
shall be entitled to exercise the Option until the earlier of (a) six months
from the date of death of the Beneficiary and (b) the expiry of the Exercise
Period.

10.  Procedures for Exercise of Options
     ----------------------------------

In order to exercise an Option, a Beneficiary must submit to Guyanor (i) an
exercise notice (in accordance with the Option Agreement) and (ii) the payment
in full of the Subscription Price for the Shares being subscribed for.

The payment in full may be done by any means authorized by the Board and allowed
by the Option  Agreement subject to applicable laws.  Upon exercise of an
Option, the Shares shall be issued in the name of the Beneficiaries.

11.  Conditions on Resale of the Shares
     ----------------------------------

Subject to applicable securities laws and unless otherwise provided for herein
or in the Option Agreement, Shares obtained upon exercise of Options are freely
transferable immediately after issuance and may be sold, subject to all
applicable laws, by the Beneficiaries at any time, in total or in part.
Beneficiaries may freely transfer their Shares to other individual shareholders
by executing a transfer order ("ordre de mouvement"). However, a Beneficiary who
wishes to sell his or her Shares to the public through the Toronto Stock
Exchange must first transfer the Shares to The Canadian Depository for
Securities Limited ("CDS") through a CDS participant who will act as broker for
the sale of the Shares. Beneficiaries should be aware that this procedure
implies a transfer to CDS of their rights as direct shareholders of Guyanor,
provided that until the sale, such Beneficiaries will derive rights equivalent
to those of shareholders from their relationship with CDS. Guyanor shall not, in
any circumstances, be held responsible for any damages resulting from any delay
caused by the transfer of the Shares to CDS.

12.  Advantages of the Plan
     ----------------------

Guyanor makes no representation or warranty as to future market value of any
Shares issued in accordance with the provisions of the Plan.  Beneficiaries
assume the risk of any market fluctuation in the price of the Shares.

Each Beneficiary is urged to consult his or her own individual tax advisor in
regard to tax issues relating to the grant and exercise of Options.

13.  Termination of Service
     ----------------------

If a Beneficiary shall cease to be an employee of Guyanor or any of its
subsidiaries or affiliates for any reason (other than death) (such Beneficiary
being referred to in this section as a "Former Employee Beneficiary'), the
Former Employee Beneficiary may only exercise each Option held, to the extent
that it has vested and not been exercised, until the earlier of:

     (a)  the date which is 60 days after the Former Employee Beneficiary ceased
          to be such an employee,

     (b)  the expiry of the Exercise Period for the Option (the "Option Expiry
          Date").

          Provided, however, that each Option held may continue to be
          exercisable for such longer period than that provided for in this
          section if and as may be determined by the Board and any such
          determination by the Board may be made retroactively effective in
          order to re-instate the effectiveness of an Option held by a Former
          Employee Beneficiary that is otherwise rendered unexercisable pursuant
          to the other provisions of this section, and provided, however, that
          any such determination by the Board shall be subject to the following:

                                       4
<PAGE>

     (i)  such determination shall be made within six months after the date the
          Former Employee Beneficiary so ceased to be an employee of Guyanor or
          any of its subsidiaries; and

     (ii) such longer exercise period determined by the Board for any option
          shall not extend beyond the earlier to occur of the following:

          (A)  two years from the date that the Former Employee Beneficiary so
               ceased to be an employee of Guyanor or any of its subsidiaries or
               affiliates; and

          (B)  the Option Expiry Date for such Option.?

14.  Amendments and Termination
     --------------------------

The Board may at any time amend, suspend or terminate the Plan subject to any
necessary approvals of any stock exchange or regulatory body having jurisdiction
over the Shares, including, where applicable, shareholders' approval.

15.  Governing Law - Jurisdiction - Language
     ---------------------------------------

The Plan shall be governed by and construed in accordance with the laws of
France and Canadian securities laws.  Any claim or dispute arising under the
Plan shall be subject to the exclusive jurisdiction of the Tribunal de Grande
Instance of Cayenne.  Guyanor, the Board and the Beneficiaries recognize that
the Plan has been prepared both in the French and the English language, that the
French version is the version that binds the parties, and that notwithstanding
this, the English version represents an acceptable translation and,
consequently, no official translation will be required.

                                       5

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