Golden Star Resources (GSS) Reports Preliminary Q2 Production Results

July 17, 2012 7:12 AM EDT Send to a Friend
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Golden Star Resources Ltd. (NYSE: GSS) reported preliminary Q2 2012 production results for its Bogoso/Prestea and Wassa/HBB operations.

The Company produced a total of 85,183 ounces of gold in the second quarter ended June 30, 2012, well within its guidance range and nearly 10% higher than first quarter 2012 gold production of 77,725 ounces. During the first half of 2012, the Company produced 162,908 ounces of gold.

The Company has not finalized operating cost results but said it expects mining operating costs on a unit basis for the second quarter to be lower than those for Q1. Cash balance as of June 30, 2012, was approximately $106 million.


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