Golden Star is an established gold mining company that owns and operates the Wassa underground mine in the Western Region of Ghana, West Africa. Golden Star Resources Ltd. Jan 2016 - Present 6 years 11 months. In early 2018 Wassa transitioned into an underground-focused operation. Golden Star is an established gold mining company that owns and operates the Wassa underground mine in the Western Region of Ghana, West Africa. Golden Star also has a 90% interest in the Prestea Underground mine in Ghana, which is currently undergoing permitting subsequent to a successful. The Wassa Mine covers an area of 52.89km2. Mining at the open pit was resumed from April 2005. The underground mine is accessed through a decline from the starter pit, which is backfilled using cemented rock fill. Western Region, Akyempim (Wassa) Ghana Byrnecut Offshore Pty Ltd 9 years 9 months Underground Fitter leading hand . Golden Star holds a 90% interest in GSWL, while the Ghanaian Government holds the remaining 10% ownership, earning a 5% royalty on the gross revenue of GSWLs gold production. Golden Star commenced production from the surface operation at Wassa in 2005 and commercial production was achieved at Wassa Underground on January 1, 2017. 47). Golden Star Wassa Underground Project Apr 2015 - Sep 2016 1 year 6 months. Golden Star | All Rights Reserved, Supplemental Documents to Press Release Dated November 13, 2019, Click Here for the March 2021 Technical Report, Golden Star Resources a member of Chifeng Gold Group (90%) / Government of Ghana (10%), 29.3 Mt at 3.8 g/t Au for 3.5 Moz contained. Golden Star commenced production from the surface operation at Wassa in 2005 and commercial production was achieved at Wassa Underground on January 1, 2017. Its activities are entirely funded by its member companies . Mr Wang Jianhua, the Chairman and CEO of Chifeng Gold Group, made this known in his first . Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably forever waive, and release Golden Star from, any and all rights and claims against Golden Star and Virtua and further acknowledge and agree that in no event shall Golden Star or Virtua, its officers, employees, directors and agents be liable for any (i) direct or indirect, consequential, incidental, special, compensatory, punitive or other damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site or any linked websites. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk. He said the mine had Net. TORONTO, March 26, 2014 /PRNewswire/ - Golden Star is pleased to announce the results of its Feasibility Study on the development of an underground mining operation at its currently operating Wassa. Report this profile Report Report. Golden Star Resources (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") is an established gold mining company that holds a 90% interest in the Wassa, Prestea and. For further information about Presteas Mineral Reserves and Mineral Resources, click below. 12K followers . Hiring activity related to big data increased by 2% in the mining industry in Q2 2022, Whos hiring who? Mining equipment at the underground operation includes Caterpillar load haul dump trucks, Sandvik jumbos and DL411 drill rigs, CAT AD55 haul trucks, CAT 12H grader, and CAT 966 front-end loader. Wassa mine site Construction of new underground mine . Golden Star Resources Ltd [GSC.TO] . This work is expected to increase the mine life of Wassa Underground in the short, medium and long term. Development of the large inferred mineral resource which comprises the southern Extension zone, was the subject of a Preliminary Economic Assessment which was included in the March 2021 Technical Report. The Company holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, West Africa. Thanks to the scale of the historical open pit mining operation the processing plant has significant excess capacity and is currently only running at 70-80% (based on 2020 actuals) utilization. Mining is at one large operating pit,. Golden Star is an established gold mining company that holds a 90% interest in both the Bogoso and Wassa open-pit gold mines in Ghana. 150 King Street West, Sun Life Financial Tower, Suite 1200 . Golden Star believes these measures are useful non-GAAP operating measures and supplement the IFRS disclosures made by the Company. By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if Golden Star and Virtua are advised of the possibility of the loss, damage, claim or liability. The Ghana Chamber of Mines | 4,492 followers on LinkedIn. The Wassa mine and oxide ore mill are located in the Wassa East District, in the Western Region of Ghana. The Company, through its subsidiary, Golden Star Limited (Wassa), owns and operates the Wassa underground mine and a carbon-in-leach processing plant located northeast of the town of Tarkwa, Ghana. Golden Star Resources has signed a binding agreement to sell its Bogoso-Prestea gold mine in Ghana for a purchase price of up to $95m. Saudi Arabia Al-Qwie'iyah Governorate, Saudi Arabia . Bogoso-Prestea gold mine. As per the transaction, Royal Gold is entitled to receive 8.5% of the gold, subject to a maximum of 185,000oz, produced from Wassa, Bogoso and Prestea mines. Golden Star also uses certain non-International Financial Reporting Standards (IFRS) financial measures as defined in applicable Canadian and United States securities laws ("non-GAAP measures"), including the terms cash operating cost per ounce, all-in sustaining costs, cash generated from operations before working capital changes, adjusted net (loss)/income attributable to Golden Star shareholders and adjusted net (loss)/income per share attributable to Golden Star shareholders. If in any jurisdiction, any part of this disclaimer is determined to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent necessary to comply with such determination and the remaining disclaimer shall otherwise remain in full force and effect. The Wassa gold mine is in the Western Region of Ghana. North Showing the Change of the Interpretation. Let me use this opportunity to call on all and sundry to support the Appiatse Support Fund, which we have established to support the victims of the unfortunate incident. He said those achievements were among the many reasons why the company had been able to live peacefully with the people of Wassa, and believed Chifeng would do much better for the community. Email. It has a carbon-in-leach processing plant with a rated capacity of 2.7 million tonnes per annum. Golden Star owns a 90% interest in, and manages, Golden Star (Wassa) Limited, whose primary asset is the Wassa gold mine, with the Government of Ghana owning the remaining 10%. Construction of 35MW Gas Turbine Power Generating Plant for Golden Star Wassa Mine in Ghana . Neither Golden Star Resources Ltd. nor its affiliates, subsidiaries, officers, directors or agents (collectively, Golden Star or the Company) have any control over (a) the External Site or any linked websites accessible through any External Site, or (b) any data or other content contained, or accessible, therein or in or through any such linked websites. The information and other content on the External Site is not meant to modify, qualify, supplement or amend information disclosed by or on behalf of the Company under corporate, securities or other legislation in any jurisdiction, and should not be used to make investment decisions involving the Companys securities. Director-Generals Speech for NITA Breakfast Meeting, SIGA PARTICIPATES IN GETFUND STAKEHOLDER FORUM. Golden Star (Wassa) Limited, a subsidiary of Golden Star Resources (GSR), with head office in Toronto, Canada, is a gold mining company situated at Akyempin in the Wassa East District of the Western Region. The gold mining company also has interests in the Bogoso gold mining and processing operation, Prestea open-pit . Kalgoorlie, Western Australia, Australia Senior Resource Geologist (Prominent Hill Cu-Au-Ag Mine) . Gold production is anticipated to continue to ramp up during 2017 as Golden Star's mining operations begin to access the B Shoot, which is a higher grade area of the Wassa Underground ore body . Golden Star's PEA of Wassa Mine Indicates NPV of $350 M September 15, 2014, 7:00 AM TORONTO, ONTARIO-- (Marketwired - Sep 15, 2014) - Golden Star ( GSC.TO ) (NYSE MKT:GSS) (GHANA:GSR) is. The project was expanded into a high-grade underground mine. Golden Star holds a 90% interest in GSWL, while the Ghanaian Government holds the remaining 10% ownership earning a 5% royalty on the gross revenue of GSWL's gold production. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures. Golden Star acquired the Wassa mine in 2002; drilling programs were undertaken shortly after to delineate additional near-surface resources. Golden Star also uses certain non-International Financial Reporting Standards (IFRS) financial measures as defined in applicable Canadian and United States securities laws ("non-GAAP measures"), including the terms cash operating cost per ounce, all-in sustaining costs, cash generated from operations before working capital changes, adjusted net (loss)/income attributable to Golden Star shareholders and adjusted net (loss)/income per share attributable to Golden Star shareholders. The non-GAAP information should not be viewed in isolation or as a substitute for, or superior to, other data prepared in accordance with IFRS. Golden Star Resources Ltd. is a gold mining and exploration company. In addition, changes in numerous factors including, but not limited to, Golden Stars share price, risk free interest rates, gold prices, mining rates, milling rates, ore grade, gold recovery, costs of labor, consumables and mine site general and administrative activities can cause these measures to increase or decrease. Golden Star Resources Ltd. GSS is an un-hedged gold producer that owns the Wassa gold project in Ghana and controls a number of gold exploration properties in West Africa. By clicking Accept below you acknowledge and agree that neither Golden Star nor the third party provider of the External Site, Virtua Research, Inc. (Virtua), is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data contained in or accessible on or through, or the technical operation of the External Site. The decline also acts as the primary ventilation intake for the initial years of operation. About Wassa Wassa is located in south-western Ghana. Chifeng is an international Gold Mining Company listed on the Shanghai Stock Exchange with a market capitalization of approximately US$3.7 billion. Open-pit mining at Wassa started in October 1998 before Golden Star acquired the mine in 2002 in a sale and placed under care and maintenance. Reserves and Resources, Figure 1: Wassa Underground: Isometric View Looking East The mine is forecasted to produce an average of 163,000oz of gold a year over its eight-year production life. Since these non-GAAP measures do not incorporate all non-cash expense and income items, changes in working capital and non-operating cash costs, they are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS. Mining is currently at the Wassa Main pit, which is within 500 meters of the plant. If in any jurisdiction, any part of this disclaimer is determined to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent necessary to comply with such determination and the remaining disclaimer shall otherwise remain in full force and effect. Conventional truck and shovel mining method, using drilling and blasting, is applied at the open-pit mine. The transition from open-pit mining to underground mining in 2015, marked a major milestone in the life of the mine, with total production increasing from 104,000 oz, in 2016, to 165,000oz in 2020. As the winner of the PDAC 2018 Environmental and Social Responsibility Award, Golden Star is committed to leaving a positive and sustainable legacy in its areas of operation. TSX and NYSE-listed Golden Star Resources has downgraded its 2021 production guidance by 12% following a delay in the commissioning of its new paste fill plant at its Wassa gold mine in west Ghana . Chifeng Jilong Gold Mining Limited has secured a $90-million funding to develop and expand Golden Star Resources Mines in Wassa. They were followed by Newmont Golden Ridge Limited with 63.5 points, third was Ghana Manganese Company with 40.5 points with Anglogold Ashanti Iduapriem coming fourth with 13 points. Golden Star Wassa Mines to double $200m investment in the next 5 years | Citi Newsroom. Golden Star Resources' Wassa Mine concession was sold to Chifeng Jilog Gold Company, a Chinese mining firm, after a deal was reached on January 28, 2022. Power to the underground transformer is supplied by a new dedicated switch/breaker by means of underground cables. Golden Star Resources is expected to issue warrants to purchase five million common stock shares to RGI. Golden Star Wassa Mines which has ten percent government stake started its surface mining operations in 2005 in the Wassa area, followed by underground mining in 2017 until it transitioned into underground-focused mining operation last year. Golden Star (Wasa) Limited Wassa is in south-western Ghana, approximately 40 km from the Prestea Gold Mine. Listed on the NYSE American, the Toronto. It is the Company's. | August 3, 2022 . A vacancy exists at the Underground Department for the position of: Mine Backfill Coordinator. Pic courtesy of Golden Star Resources GOLDEN Star has guided to gold production of between 195,000 to 210,000 ounces for the 2020 financial year which is largely in line with the 204,000 oz in gold it produced for 2019, the company said today. The Company completed an additional 49 drill. Matamata college. The company has suffered encroachment on its concession for community mining at Benso and Mpohor. (Wassa Gold Mine) Golden Star Resources Ltd. Jan 2006 - Jun 2007 1 year 6 months. About Experienced Superintendent with a demonstrated history of working in the mining & metals industry. Construction of the underground mine began in mid-2015 and pre-commercial production started in June 2016. document.write(new Date().getFullYear()); During my underground induction a day was fixed for us where a tour was organized for us to go n look at basic things underground precisely what one must do when there's an emergency.Thank you #Golden star Wassa for the opportunity #Thank you GSR #Safety . Golden Star Announces MOFCOM Regulatory Approval PR Newswire TORONTO , Jan. 25, 2022 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ("Golden Star" or the "Company") is pleased to announce that. In early 2018 Wassa transitioned into an underground-focused operation. Future Global Resources (FGR), London-based mining company, will acquire 90% stake in the gold mine for purchase price of $55m with a further contingent component of about $40m. Golden Star is an established gold mining company operating the Wassa mine on the prolific Ashanti Gold Belt in Ghana. These non-GAAP measures are not representative of all of Golden Star's cash expenditures and there are material limitations associated with the use of such non-GAAP measures. golden star (wassa) limited, a subsidiary of golden star resources (gsr) with head office in london, united kingdom, is a gold mining company situated at akyempim in the wassa east district of the western region golden star is an opportunity employer and is committed to ensuring that no applicant or employee receives less favourable treatment on Commercial production from the underground mine was achieved in January 2017. document.write(new Date().getFullYear()); Golden Star (Wassa) (GSWL), a subsidiary of Golden Star, owns and operates the Wassa gold mine in south-west Ghana. For an explanation of the Non-GAAP financial measures used by the Company, please refer to the heading Non-GAAP Financial Measures in the Companys Management Discussion and Analysis of Financial Condition and Results of Operations for the Three Months ended March 31, 2014 and the Companys Management Discussion and Analysis of Financial Condition and Results of Operations for the Year Ended December 31, 2013, available at www.sedar.com. I am informed that ChifengJilong Gold Mining Company Limited, the company taking over the mine, and which is listed on the Shanghai Stock Exchange, has a good track record as a safe and sustainable mine operator, and I am confident, that they will bring in the necessary investment to develop this mine, to optimise production and realise the mines full potential, he said. At the end of 2020, Golden Star Resources had produced about 2.4 million ounces (oz) of gold, since its acquisition. Golden Star Resources (GSR) is a law-abiding external company into lawful mining operations through its 90% owned subsidiary company, Golden Star Wassa Limited (GSWL) incorporated under. Showing Significant Results, Figure 2: Wassa Underground: Cross Section 18875N Looking Golden Star Resources Limited is a gold mining and exploration company which owns and operates the Wassa open-pit gold mine and Wassa underground mine in Ghana as well as a carbon-in-leach processing plant located near Tarkwa, Ghana. The non-GAAP information should not be viewed in isolation or as a substitute for, or superior to, other data prepared in accordance with IFRS. (Credit: Steve Bidmead from Pixabay) Chifeng Jilong Gold Mining has agreed to acquire gold mining company Golden Star Resources in a deal valued at around $470m. Underground production began in 2016, and will increase over 18 months to an average annual production rate of 785,000t. Golden Star is an established gold mining company operating the Wassa mine on the prolific Ashanti Gold Belt in Ghana. ABC ALJazeera BBC CitiTV CNN DW France24 NBC Net2TV Others RT TV3 UTV DelayTV KofiTV MagrahebTV ModernGhana | Movies Documentaries. Please note the information presented is given as at the date and the time of its original release. A new underground transformer and generator yard was constructed and installed with a 5MVA transformer. The deposit is intruded by Eoeburnean felsic porphyry on the south-western side of the mine fold. By clicking Accept below you acknowledge and agree that neither Golden Star nor the third party provider of the External Site, Virtua Research, Inc. (Virtua), is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data contained in or accessible on or through, or the technical operation of the External Site. 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