Golden Star Resources Reports Third Quarter 2019 Results

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Golden Star Resources Ltd. (GSS) Reports Q3 EPS of $0.02

October 30, 2019 6:03 PM EDT

Golden Star Resources Ltd. (NYSE: GSS) reported Q3 EPS of $0.02, versus ($0.04) reported last year. Revenue for the quarter came in at $69.5 million, versus $67.74 million reported last year.

HIGHLIGHTS:

Gold production for the third quarter: 49,392 ounces, 14% lower than the same period in 2018, and 2% higher than the second quarter of 2019 production of 48,422 ounces34,565 ounces of gold production at Wassa Complex ("Wassa"), 9% down from the third quarter of 2018, and 7% lower than the second quarter of 2019 due to lower grades, partially offset by a planned increase in productivity of 4,420 tonnes per day ("tpd")... More