Golden Star Resources (GSS) Misses Q1 EPS by 3c
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Royal Gold Acquires Gold Streams on Wassa, Bogoso and Prestea from Golden Star Resources
May 7, 2015 7:15 AM EDTTransaction provides immediate cash flow from well-established operator
DENVER--(BUSINESS WIRE)-- ROYAL GOLD, INC. (NASDAQ: RGLD; TSX: RGL) (RGI) announces that its wholly owned subsidiary RGLD Gold AG (Royal Gold or the Company) has entered into a $130 million gold stream transaction with a wholly owned subsidiary (Golden Star) of Golden Star Resources Ltd. that will finance underground development projects at the Wassa and Prestea mines in Ghana. Separate from the stream transaction, RGI will provide a $20 million, four-year term loan to Golden Star, and Golden... More
Golden Star First Quarter 2015 Financial Results and Project Update
May 7, 2015 7:01 AM EDTTORONTO, May 7, 2015 /PRNewswire/ - Golden Star today reports its financial results for the quarter ended March 31, 2015 ("the first quarter" or "the period") and provides an update on its development projects. All references to currency are to US dollars.
Gold produced and sold during the first quarter totalled 63,245 ounces compared to 72,085 ounces in the prior quarter with fewer tonnes at lower grade processed Revenue for the first quarter was $76.5 million compared to $86.6 million for the prior quarter Cost of sales before depreciation and amortization was $72.2 million and cash operating cost per... More