Golden Star Resources Ltd

Golden Star Resources Ltd. (Golden Star) is an international gold mining and exploration company producing gold in Ghana, West Africa. The Company also conducts gold exploration in other countries in West Africa and in South America. It owns controlling interests in several gold properties in southwest Ghana.
Through a 90% owned subsidiary, Golden Star (Bogoso/Prestea) Limited (GSBPL), the Company owns and operates the Bogoso/Prestea gold mining and processing operations (Bogoso/Prestea) located near the town of Bogoso, Ghana. Through another 90% owned subsidiary, Golden Star (Wassa) Limited (GSWL), it owns and operates the Wassa open-pit gold mine and carbon-in-leach processing plant (Wassa), located approximately 35 kilometers east of Bogoso/Prestea. GSWL also owns the Hwini-Butre and Benso concessions (the HBB properties) in southwest Ghana.
Golden Star Resources Ltd is a member of the World Gold Council.
== History ==
== Products and Services ==
Golden Star is a mid-tier gold mining company over a quarter-century in age and total historical production of over two million ounces of gold. The Company has two operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa. Production in 2009 totaled 409,902 ounces of gold from these two mines.
The Bogoso/Prestea Gold Mine
Bogoso/Prestea consists of a gold mining and processing operation located along the Ashanti Trend in western Ghana, approximately 35 kilometers northwest of the town of Tarkwa. Mining areas at Bogoso and Prestea are linked to the Bogoso processing plants by paved and gravel haul-roads located on its properties. There are two ore processing facilities at Bogoso/Prestea, and open pit mining methods are employed. In addition, there are numerous ancillary support facilities, including warehouses, maintenance shops, roadways, administrative offices, an employee residential complex, power and water supply systems, a medical clinic, and a tailings disposal facility. During the year ended December 31, 2009, its Bogoso/Prestea gold sales totaled 186,054. The Mampon deposit is located approximately 35 kilometers north of the Bogoso processing plant. Mampon is an undeveloped gold deposit with, as of December 31, 2009, an estimated 1.2 million tons of Probable Mineral Reserves at an average gold grade of 5.24 grams per ton. The Pampe deposit is located approximately 19 kilometers west of the Bogoso processing plants. As of December 31, 2009 it had estimated a Probable Mineral Reserve of 1.5 million tons at an average gold grade of 3.53 grams per ton.
The Wassa Gold Mine
The Company owns and operates the Wassa gold mine located approximately 35 kilometers east of Bogoso/Prestea in southwest Ghana. The property includes a series of open-pits, a nominal three million ton per annum carbon-in-leach (CIL) processing plant with its crushing and grinding circuits, a fleet of mining equipment, ancillary facilities including an administration building, a warehouse, a maintenance shop, a stand-by power generating facility and an employee residential complex. Wassa also owns and operates the Hwini-Butre and Benso mines located 80 and 50 kilometers, respectively, south of Wassa. The Benso and Hwini-Butre mines include multiple open pits at both locations as well as mining equipment, equipment repair shops, warehouses and other ancillary support equipment and buildings.
Prestea South Properties
The Prestea South project is located on the Ashanti Trend, southwest of the town of Prestea and approximately 20 kilometers southeast of the Bogoso processing plants. As of December 31, 2009, the Prestea South properties had total proven and probable Mineral Reserves of 4.6 million tons grading 2.58 grams per tons containing approximately 0.38 million ounces before any reduction for the Government of Ghana’s 10% minority interest.
Akropong Trend Properties
The Akropong properties are located along a fault structure, which roughly parallels the Ashanti Trend. The Akropong properties are located approximately 20 kilometers to the west of its Bogoso processing plant.
Dunkwa Properties
The Dunkwa Properties, which are located directly north of its Bogoso Mining lease. The Dunkwa Properties consist of two prospecting licenses, Mansiso and Asikuma, the latter hosting its Mampon ore deposit.
Burkina Faso
The Company holds 90% beneficial interest in the Goulagou and adjoining Rounga gold properties, with a local Burkina Faso partner owning a 10% interest. The two properties are located approximately 100 kilometers west of Ouagadougou, the capital city of Burkina Faso and 20 kilometers north of the city of Ouahigouya.
Saramacca Property
The Saramacca property, located in Suriname, consists of three concessions totaling 536 square kilometers. The area is underlain by lower Proterozoic greenstone rocks of the Paramaka and Armina formations, which also host IamGold’s Gross Rosebel Mine and Newmont’s Nassau gold project.
== Key People ==
*Tom Mair, President and Chief Executive Officer
*D. Scott Barr, Executive Vice President and Chief Operating Officer
*Bruce Higson-Smith, Vice President - Corporate Development
*John Labate, Senior Vice President and Chief Financial Officer
== References ==
Category:Gold
Category:Metals
Category:Gold Mining Companies
Category:World Gold Council Member