Es freut mich, dass der gestrige Anstieg von GSS, auch Dir gefallen hat! War das ein verspätetes Weihnachtsgeschenk? GSS wird uns beiden noch vor Ostern viel Freude bereiten! Leider weis ich nicht in welchem Jahr! Meinerseits brauche ich nur noch 10 Tage mit gleichem Anstieg wie gestern, und ich bin im grünen Bereich, vorausgesetzt dass keine negativen Tage dazwischen kommen!
Nun, ich bin für Gold und Silber sowie für die Minen kurzfristig positiv. Sehe erst Mitte, Ende Januar den üblichen Taucher des Sektors mindestens 10 % - aber, wenn man wüsste... ! Der heutige Tag beginnt ja auch nicht schlecht Gold ist momentan bei $517.50, etwa 8 9 $ höher als gestern zur selben Zeit, wer weis, vielleicht gibt es noch ein Geschenkli!
Eines weis ich sicher: Erstens kommt es, und zweitens, nicht unbedingt wie erwartet!
Dir und allen PM believers wünsche ich golden days in 2006, für alle anderen, ganz einfach happy trading in 2006
Ja, hab ich noch und warte. Sorry, habe die Frage glatt übersehen.
News:
Press Release Source: Golden Star Resources Ltd.
Golden Star Announces Prestea Underground Exploration Results
Tuesday February 28, 9:00 am ET
DENVER--(BUSINESS WIRE)--Feb. 28, 2006--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) today announced exploration results for the Prestea Underground gold exploration project in Ghana, which support the 280% increase in Inferred Resource tonnage included in the Company's year-end mineral reserves and mineral resources statements released on February 2. Prestea Underground is an inactive mine beneath and to the south of the present open-pit operations of the Company's Bogoso/Prestea Mine and it represents the extension of the surface mineralization.
ADVERTISEMENT
Based on Golden Star's 2005 exploration program, resource estimation by SRK Consulting resulted in an increase in Inferred Resources at year-end 2005 for the Prestea Underground Mine to a total of 6.1 million tonnes at an average grade of 8.1 grams per tonne gold, which compares with 1.6 million tonnes at an average grade of 8.6 grams per tonne gold at year-end 2004. As defined, due to the level of evidence available, these Inferred Resources cannot form the basis of feasibility or other economic studies. Our 2004 resource was based on mining blocks laid out by the previous operators. Although these resources were historically classified as reserves, Golden Star had not at that stage verified the accuracy of the data and has not yet demonstrated the economic feasibility or the capital costs or construction periods required for reopening the mine. The previous tonnage and grade estimate based on the historic blocks and presented in 2004 was reviewed by SRK Consulting. An initial feasibility study is expected by the end of 2006 following the current year's exploration program.
Golden Star's 2005 exploration activities at the Prestea Underground focused on:
defining decline-accessible resources in the Main Reef to the south of and below the active Plant-North open pit;
delineating West Reef resources between 17 and 24 Levels (approximately 600 to 850 meters below surface) accessible from the Central Shaft; and
delineating accessible Central Shaft resources in the Main Reef between 30 and 35 Levels (approximately 1,150 to 1,400 meters below surface).
We have been successful in defining inferred resources on the first two targets. The deeper program was delayed because of flooding, caused by heavy rains in 2004 and exacerbated by a power interruption and illegal mining activities. The pumping system has now been upgraded and the lower levels have been pumped out and drilling on 30 Level is expected to commence in the second quarter of 2006.
Prestea Main Reef
The Main Reef Inferred Resources to the south of and beneath the Plant-North pit have been estimated by SRK Consulting at 4.2 million tonnes grading 7.1 grams per tonne. These estimates are based on surface and underground drilling carried out by Golden Star combined with certain drilling results from the previous operator, JCI Limited, which have been validated by our work. Significant intersections are tabulated below.
The West Reef target between 17 and 24 Levels has been tested using access from the existing underground infrastructure. The Inferred Resource estimate was based on Golden Star's underground diamond drilling and diamond-saw channel sampling over the past three years. This target, although narrow, is often characterized by grades exceeding one ounce per ton (34 grams per tonne). It has been tested between 17 and 24 Levels and we are currently testing the down-plunge extension between 24 and 30 Levels. The first few holes from 24 Level visually indicate the zone continues down plunge and ranges from about 0.6 meters to 1.5 meters width, with visible gold being observed. SRK Consulting's estimate for the West Reef is an Inferred Resource of 0.9 million tonnes at an average grade of 12.6 grams per tonne of gold. Significant results are tabulated below.
The above tables summarize the significant intersections to date from our 2005 exploration drilling program. Full details of the drill results, together with a location map and longitudinal sections, are provided on the Company's website at www.gsr.com.
The total Inferred Resources of 6.1 million tonnes grading 8.1 grams per tonne of gold also include blocks outside the areas described above that were reviewed by SRK which total 1.0 million tonnes at an average grade of 8.7 grams per tonne of gold. These blocks were previously classified as proven and probable reserves by the previous operator and have been downgraded to inferred resources by Golden Star.
Excluding care and maintenance costs, we have budgeted approximately $3 million for our continued exploration of the Prestea Underground in 2006. The program will be a continuation of the 2005 work, and is expected to include approximately 40,000 meters of underground diamond drilling and 7,000 meters of surface reverse-circulation drilling. The completion of this drilling will enable the preparation of a study, which is expected to be completed by the end of 2006 relating to the potential re-opening of the mine. Underground workings can currently be accessed via two shafts, one near the town of Prestea and a second approximately four kilometers to the southwest.
Prestea Underground has produced approximately nine million ounces of gold during the last 120 years, the second highest production of any mine in Ghana. Records indicate production between 1912 and 1991 totaled 19.6 million tonnes at an average fully recovered grade of 11.2 grams per tonne, yielding seven million ounces of gold during this 80-year period. Historical production from the Main Reef encompassed 7,000 meters in strike length and 1,400 meters down dip.
Previous underground operations ceased in early 2002, following an extended period of low gold prices. In March 2002, we entered into a joint-venture agreement with the former owner to explore and evaluate the remaining potential of the underground operations. Our 90% owned subsidiary has a 90% interest in the Prestea Underground, giving Golden Star an 81% beneficial interest.
Company Profile
Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, the Company has an 81% interest in the currently inactive Prestea Underground mine in Ghana as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America.
Note regarding Canada's National Instrument 43-101: The stated Inferred Minerals Resources have been prepared in accordance with Canada's NI 43-101, Standards of Disclosure for Mineral Projects. The qualified person responsible for the preparation of the statement of Inferred Mineral Resources is S. Mitchel Wasel, Golden Star's Exploration Manager for Ghana.
Cautionary Note to U.S. Investors concerning estimates of Inferred Mineral Resources: U.S. investors are advised that while the term "inferred mineral resources" is recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize it. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources could not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable.
Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the expected completion of a feasibility study by the end of 2006 and planned exploration activities in 2006. Factors that could cause actual results to differ materially include timing of and unexpected events during exploration, construction and start-up; variations in ore grade; variations in relative amounts of refractory, non-refractory and transition ores; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; technical or permitting issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Form 10-K for 2004, as amended. The Form 10-K for 2005 is expected to be filed by mid-March.
Contact:
Golden Star Resources Ltd.
Peter Bradford, 800-553-8436
President and CEO
or
Allan Marter, 800-553-8436
Chief Financial Officer
--------------------------------------------------------------------------------
Source: Golden Star Resources Ltd.
Merci; und da sind sie: (Wir sind hier vermutlich zwar in der falschen Rubrik, sind ja auch Aktien - aber wo wir halt mal da sind - werde das inskünftig ändern).
Frohes Studium,
Simona
Attention Mining Writers, Business Editors:
Golden Star Reports First Quarter 2006 Results
DENVER, May 10 /CNW/ - Golden Star Resources Ltd. (AMEX:GSS) (TSX:GSC)
today announced net income of $19.0 million, or $0.092 per share, for the
first quarter of 2006. (All currency in this news release is expressed in U.S.
dollars, unless otherwise noted.)
FIRST QUARTER 2006 HIGHLIGHTS
-- Gold sales revenues were $24.9 million on a volume of 44,940 ounces
from Bogoso/Prestea and Wassa, at a realized gold price of $554 per ounce and
a cash operating cost of $505 per ounce.
-- Golden Star sold all of its six million shares in Moto Goldmines
Limited during March 2006 at a price of Cdn$7.50 per share for a pre-tax
capital gain of $30.3 million.
-- Wassa continued to improve with quarterly processing plant throughput
higher than any quarter in 2005 and gold production totaling 24,205 ounces.
-- As expected, Bogoso/Prestea production was lower at 20,735 ounces,
reflecting lower grade, throughput and recovery, due to the metallurgical
challenges of the deeper, harder, carbonaceous non-refractory sulfide ores
from the Plant-North pit at Prestea.
-- Construction work on the Bogoso Sulfide Expansion Project continued
on time and on budget.
-- Refractory Plant-North pit ores are being stockpiled to be used as
feed for the new BIOX(R) plant scheduled for start-up upon completion of the
Bogoso Sulfide Expansion Project in the fourth quarter of 2006.
-- Exploration, for which $16.5 million has been budgeted for the year,
is focused on mineralized areas surrounding existing operating mines, at the
Prestea Underground and at Hwini-Butre and Benso.
FINANCIAL AND OPERATIONAL SUMMARY FOR THE FIRST QUARTER
Golden Star recorded first quarter 2006 net income of $19.0 million or
$0.092 per share as compared to a net loss of $(2.2) million or $(0.016) per
share for the first quarter of 2005. The major factor contributing to the
earnings in the first quarter of 2006 was the non-recurring $30.3 million
pre-tax capital gain on the sale of shares of Moto Goldmines Limited.
<<
For the three months ended
SUMMARY OF FINANCIAL RESULTS March 31,
----------------------------
2006 2005 (restated)
----------------------------------------------------------------------
Gold sold (oz) 44,940 39,164
Price realized ($ per ounce) 554 426
Cash operating cost ($ per ounce) 505 298
Royalties ($ per ounce) 17 12
Total cash cost ($ per ounce) 522 310
Total revenues (in thousands $) 27,392 18,051
Net income/(loss) (in thousands $) 19,023 (2,223)
Net income/(loss) per share -basic ($) 0.092 (0.016)
Average shares outstanding (in millions) 206.8 142.3
----------------------------------------------------------------------
For the three months ended
Bogoso/Prestea Operations March 31,
------------------------------
2006 2005
----------------------------------------------------------------------
Ore mined (thousands tonnes) 397 400
Waste mined (thousands tonnes) 3,482 2,091
Tonnes milled (thousands) 336 391
Average grade milled (grams/tonne) 3.45 4.56
Mill recovery (%) 57.3 61.5
Gold sold (oz) 20,735 39,164
Cash operating cost ($/oz) (1) 527 297
Royalties ($/oz) 16 12
Total cash cost ($/oz) (1) 543 309
----------------------------------------------------------------------
(1) See note on non-GAAP financial measures below.
For the three months ended
Wassa Operations March 31,
------------------------------
2006 2005(2)
----------------------------------------------------------------------
Ore mined (thousands tonnes) 669 -
Waste mined (thousands tonnes) 3,449 -
Tonnes milled (thousands) 977 -
Average grade milled (grams/tonne) 0.86 -
Mill recovery (%) 86.7 -
Gold sold (oz) 24,205 -
Cash operating cost ($/oz) (1) 487 -
Royalties ($/oz) 17 -
Total cash cost ($/oz) (1) 504 -
----------------------------------------------------------------------
(1) See note on non-GAAP financial measures below.
(2) Wassa was placed in-service on April 1, 2005.
>>
CASH AND CASH FLOW
At March 31, 2006 our cash, cash equivalents and short term investments
totaled $86.9 million, down from $89.7 million at the end of 2005. Although
operating activities consumed $5.7 million and capital spending utilized $45.9
million during the quarter, this was offset by the sale of the Moto shares
which contributed $39.0 million of cash. Lower gold output and use of cash to
reduce operating payables and to increase inventories were the major factors
contributing to the operational consumption of cash during the quarter.
A total of $45.9 million was used during the quarter for the purchase of
capital assets and capital projects, including deferred exploration, new
mining equipment and our major development projects. Approximately $34 million
was spent during the quarter on the Bogoso Sulfide Expansion Project and on
deposits for mining equipment for the expansion. Other capital expenditure,
including capitalized exploration expenditure and plant and equipment at
Bogoso/Prestea and Wassa, totaled approximately $12 million.
Liquidity Outlook
Total expected capital expenditures for 2006 will be $155.0 million with
major components consisting of $89.0 million slated for the Bogoso Sulfide
Expansion Project, $25.0 million scheduled for Bogoso/Prestea pre-stripping
and inventory build-up, and $8.1 million for Prestea Underground mine
maintenance and exploration. Approximately 80% of the Bogoso Sulfide Expansion
Project spending is scheduled in the first half of 2006 and 90% of all capital
spending is scheduled in the first three quarters of the year. In March 2006,
we liquidated our share holdings in Moto yielding $39.0 million of cash and we
are currently negotiating with banks to set up a $30 million revolving line of
credit that could be drawn on if necessary. We may also consider selling other
non-key assets to more comfortably complete our capital spending requirements
for the year.
BOGOSO/PRESTEA
Bogoso/Prestea generated a $2.4 million pre-tax operating loss during the
quarter from sales of 20,735 ounces of gold, down from net operating income of
$2.3 million on gold sales of 39,164 ounces for the first quarter of 2005.
Major contributions to the loss were lower gold production and sales. For the
first quarter of 2006, lower plant throughput, lower ore grades and lower gold
recoveries were the primary drivers for the reduction in ounces of gold sold
as compared to the first quarter of 2005. This was caused by the metallurgical
characteristics of the deeper, harder carbonaceous non-refractory sulfide
Plant-North ores processed during the quarter versus those ores processed in
the first quarter of 2005.
We expect small increases in gold production in each of the next two
quarters and a significant increase in the fourth quarter as a result of the
start-up of the new sulfide processing plant at Bogoso and higher recoveries
from the new Pampe oxide ore body.
WASSA
Wassa generated a $1.9 million pre-tax operating loss in the first
quarter of 2006 based on sales of 24,205 ounces of gold. As Wassa was placed
in-service in April 1, 2005, there are no comparable results for the first
quarter of 2005.
While Wassa's results for the quarter were not yet satisfactory, plant
throughput achieved new record levels and we continue to anticipate increasing
gold sales due to higher ore grades resulting from mining reaching deeper
levels and with the commencement of mining of the higher grade South Akyempim
deposit in the second half of the year. Cash operating costs per ounce have
begun to decline and are expected to continue to decline during 2006 as a
result of the increasing gold production and sales and an expected lower waste
to ore strip ratio going forward.
EXPANSION AT BOGOSO/PRESTEA
Designed to be completed by late 2006, the Bogoso Sulfide Expansion
Project will utilize the proprietary BIOX(R) bio-oxidation technology to treat
the refractory sulfide ore encountered at Bogoso/Prestea. This new plant is
designed to work in tandem with the existing non-refractory CIL processing
plant. Combined, the CIL and BIOX(R) plants are expected to have a total
capacity of 5.0 million tonnes annually.
Construction work on the BIOX(R) plant is proceeding on schedule and on
budget with most equipment items already delivered to site. Concrete work and
tankage is well progressed and the installation of structural steel and
electrical equipment and wiring has already commenced.
Total capital cost of the new BIOX(R) plant project is estimated to be
$125 million, including the expansion of the mining fleet. We plan to spend an
additional $25 million on pre-stripping and inventory build-up during 2006.
Assuming a full year's sulfide production, we expect 2007 gold production
from Bogoso/Prestea to be approximately 370,000 ounces at a cash operating
cost of $330 per ounce of gold.
EXPLORATION
A total of $16.5 million has been budgeted for exploration for 2006 with
the focus on our core assets in Ghana, including the Prestea Underground and
the Hwini-Butre and Benso properties (which we acquired in the fourth quarter
of 2005).
We currently have three drills working on the Prestea Underground between
the 17 and 24 levels and in the first quarter a total of 6,524 meters were
drilled. We have successfully dewatered the lower levels of the mine to below
the 30 level and later in the year we plan to test the extensions to the
mineralized zones between the 30 and 35 levels. We believe these deeper levels
provide the best opportunities for significant new discoveries at Prestea
Underground. We intend to complete an initial feasibility study by the end of
2006 to evaluate the economic potential of restarting production from the
Prestea Underground mine.
We plan to resume drilling at the known oxide targets in the Prestea
South-Bondaye area in order to allow mining in 2007 and 2008. Drilling and
technical studies are also underway at Hwini-Butre and Benso and we expect to
be able to make a development decision for these properties by year-end.
In addition, we intend to continue to explore our projects in Cote
d'Ivoire and Sierra Leone to move these projects to key decision points in
determining their future value.
LOOKING AHEAD
Our main objectives for the remainder of 2006 are to:
-- Complete mining and commence reclamation at the Prestea Plant-North
pit in late 2006;
-- Permit and commence oxide mining from Pampe on the Akropong trend
west of Bogoso;
-- Commence sulfide mining at Bogoso;
-- Complete construction and commissioning of the Bogoso Sulfide
Expansion Plant in the fourth quarter of 2006;
-- Achieve higher production rates and lower operating costs at Wassa;
-- Commence mining the higher grade South Akyempim deposit at Wassa in
the second half of 2006;
-- Continue exploration activities in promising areas;
-- Continue Prestea Underground mine evaluation and feasibility studies;
-- Evaluate and explore Hwini-Butre and Benso deposits; and
-- Continue identification and acquisition of growth opportunities both
within Ghana and elsewhere.
Gold production at Bogoso/Prestea in 2006 is expected to total
approximately 180,000 ounces at an average cash operating cost of $330 per
ounce, based on small increases from current production levels during the
second and third quarters of the year with a significant increase expected in
the fourth quarter, by which time the new BIOX(R) facility is expected to be
operational.
In 2006, the Wassa mine is expected to produce 120,000 ounces of gold at
an average cash cost of approximately $340 per ounce. Cash operating costs are
expected to decrease significantly due to a lower stripping ratio through the
remainder of the year and we expect costs to improve production gradually
through the remainder of the year with an increasing grade and gold production
profile.
As we believe that we are in a sustained bull market for gold, Golden
Star does not intend to hedge any of its future production of gold into rising
gold prices. Furthermore, we expect to use any period of temporary weakness in
the gold price to buy back our present gold call positions (which we would
otherwise deliver into at the rate of 5,000 ounces per month through March
2007).
SUMMARY FINANCIAL STATEMENTS
The following information is summarized and excerpted from the Company's
unaudited consolidated financial statements and notes thereto from our Form
10-Q, which we intend to file with the SEC today.
<<
Condensed Consolidated Balance Sheets As of As of
(in thousands) March 31, December 31,
2006 2005
----------------------------------------------------------------------
Cash $ 86,873 $ 89,709
Fair value of derivatives 884 1,220
Other current assets 53,903 41,860
Property, plant and equipment 88,795 84,527
Deferred exploration 166,231 167,532
Mining properties 121,864 118,088
Mine construction-in-progress 61,770 36,707
Other assets 21,330 24,960
----------------------------------------------------------------------
Total assets $ 601,650 $ 564,603
----------------------------------------------------------------------
Current liabilities $ 47,160 $ 40,815
Long term debt 67,475 64,298
Asset retirement obligations 9,271 8,286
Future tax liability 45,379 45,072
Fair value of derivatives 11,780 7,263
Minority interest 6,420 6,629
Shareholders' equity 414,165 392,240
----------------------------------------------------------------------
Total liabilities and shareholders' equity $ 601,650 $ 564,603
----------------------------------------------------------------------
Condensed Consolidated Statements of For the three months ended
Operations March 31,
(in thousands, except per share amounts) --------------------------
2006 2005
----------------------------------------------------------------------
Total revenues $ 27,392 $ 18,051
Mining operations expense 23,463 12,076
Depreciation, depletion and amortization 5,577 2,172
General and administrative expenses,
including option expense 2,755 2,861
Gain on sale of investment 30,294 -
Foreign exchange gain/(loss) 1,121 (107)
Other expenses 9,521 2932
----------------------------------------------------------------------
Net income/(loss) before minority interest 17,491 (2,097)
Minority interest 209 (180)
----------------------------------------------------------------------
Net income/(loss) before tax 17,700 (2,277)
----------------------------------------------------------------------
Income tax benefit 1,323 54
----------------------------------------------------------------------
Net income/(loss) $ 19,023 $ (2,223)
----------------------------------------------------------------------
Earnings/(loss) per share - basic $ 0.092 $ (0.016)
Earnings/(loss) per share - diluted $ 0.091 $ (0.016)
----------------------------------------------------------------------
>>
COMPANY PROFILE
Golden Star holds a 90 percent equity interest in the Bogoso/Prestea and
Wassa open-pit gold mines in Ghana. In addition, the Company has a majority
interest in the currently inactive Prestea Underground mine in Ghana, as well
as gold exploration interests elsewhere in West Africa and in the Guiana
Shield of South America. Golden Star has approximately 207.5 million common
shares outstanding.
Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially.
Such statements include comments regarding the estimated commencement of
commercial production for the Bogoso Sulfide Expansion Project, our 2006 and
2007 production estimates for the new Bogoso sulfide plant once completed, our
2006 and 2007 production and operating cash cost estimates, capital
expenditure estimates, planned exploration spending and activities, higher ore
grades at Wassa, anticipated higher recoveries anticipated at Pampe and the
aggregate capacity of the CIL and BIOX plants at Bogoso Prestea and the
availability of cash. Factors that could cause actual results to differ
materially include timing of and unexpected events during construction,
expansion and start-up; variations in ore grade, tonnes mined, crushed or
milled; variations in relative amounts of refractory, non-refractory and
transition ores; delay or failure to receive board or government approvals and
permits; timing and availability of external financing on acceptable terms;
technical, permitting, mining or processing issues, and fluctuations in gold
price and costs. There can be no assurance that future developments affecting
the Company will be those anticipated by management. Please refer to the
discussion of these and other factors in our Form 10-K for 2005. The forecasts
contained in this press release constitute management's current estimates, as
of the date of this press release, with respect to the matters covered
thereby. We expect that these estimates will change as new information is
received and that actual results will vary from these estimates, possibly by
material amounts. While we may elect to update these estimates at any time, we
do not undertake to update any estimate at any particular time or in response
to any particular event. Investors and others should not assume that any
forecasts in this press release represent management's estimate as of any date
other than the date of this press release.
Non-GAAP Financial Measures: In this news release, we use the terms
"total production cost per ounce," "total cash cost per ounce" and "cash
operating cost per ounce." Total cash cost per ounce is equal to total
production costs less depreciation, depletion, amortization and asset
retirement obligation accretion divided by the number of ounces of gold sold
during the period. Cash operating cost per ounce is equal to total cash costs
less production royalties and production taxes, divided by the number of
ounces of gold sold during the period. We use total cash cost per ounce and
cash operating cost per ounce as key operating indicators. We monitor these
measures monthly, comparing each month's values to prior period's values to
detect trends that may indicate increases or decreases in operating
efficiencies. These measures are also compared against budget to alert
management to trends that may cause actual results to deviate from planned
operational results. We provide these measures to our investors to allow them
to also monitor operational efficiencies of our mines. We calculate these
measures for both individual operating units and on a consolidated basis.
Total cash cost per ounce and cash operating cost per ounce should be
considered as Non-GAAP Financial Measures as defined in SEC Regulation S-K
Item 10 and should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with GAAP. There are material
limitations associated with the use of such non-GAAP measures. Since these
measures do not incorporate revenues, 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 GAAP. Changes in
numerous factors including, but not limited to, mining rates, milling rates,
gold grade, gold recovery, and the costs of labor, consumables and mine site
general and administrative activities can cause these measures to increase or
decrease. We believe that these measures are the same or similar to the
measures of other gold mining companies, but may not be comparable to
similarly titled measures in every instance.
For further information: Golden Star Resources Ltd., Peter Bradford or
Allan Marter, 800-553-8436
Was soll man mit einer solchen Mine nur tun. Es scheint hier echt am Mangement zu fehlen.
Vor den nächsten Q-Zahlen verkaufen, wenn auch mit Verlust? Oder noch ein Jahr mitschleppen? Ich habe das nervende Ding nun seit Herbst 2004;
hätte schon gedacht, dass auch die es mal noch schaffen könnten - aber...
:?:
War das nicht ein gutgemeinter Tipp von äh . . . glaub . . . äh . . . weiss nicht mehr. Und Goldfields sölle man meiden und Barrick auch und AngloAmerican auch. Ist so eine Sache mit den gutgemeinten Tipps, selbst wenn die Branchenentwicklung eingetroffen ist? Weiss keinen Rat, kenne mich selber zu wenig aus mit Minen, arbeite mit PE, wenns irgendwie geht und dann wie im Glücksspiel.
Ja, der Tipp war von äh...hmm...tss, scheint sprachlos :?: Oder würde ev. ein Investment für die nächsten 100 Jahre empfehlen, müsste dann ja schon mal
Golden Star Starts Mining the Higher Grade SAK Pits at Its Wassa Gold Mine
Thursday July 6, 9:11 am ET
DENVER, July 6 /CNW/ - Golden Star Resources Ltd. (AMEX: GSS - News), (TSX: GSC - News) announced today that it has commenced mining of the SAK deposit (previously referred to as South Akyempim) at its Wassa gold mine in Ghana. The permitting and development work to prepare the area for mining was completed ahead of schedule in June. The SAK deposit, which is located about 3.5 kilometers south of the Wassa processing plant, is to be mined as three separate pits.
ADVERTISEMENT
Estimated proven and probable ore reserves in the SAK pits totaled approximately 2.0 million tonnes at an average diluted grade of 1.59 grams per tonne, using a gold price of $400 per ounce, as at December 31, 2005. Commencing in the third quarter of 2006, the higher grade SAK material is expected to have positively impact the average grade processed at Wassa and to contribute to increased quarterly gold production and lower cash operating costs per ounce.
Peter Bradford, President and CEO, stated that, "Wassa has been negatively impacted by lower than expected grades since commencing commercial production in April 2005. While we continue to improve our understanding of the reasons for the underperformance, we do expect grades to trend higher as we access deeper portions of the pit. SAK is expected to provide a further boost to the average grade. Based on current knowledge, the SAK deposit is not large and therefore its positive impact on grade is expected to be limited to the next 12-18 months. However, in the longer term we expect that the Hwini-Butre and Benso deposits acquired through our acquisition of St Jude Resources Ltd in late 2005 to provide a source of higher grade material.
"As at December 31, 2005," continued Mr. Bradford, "we estimated the combined undiluted measured and indicated mineral resource at Hwini Butre and Benso to be 5.3 million tonnes at an average grade of 4.53 grams per tonne. In addition, we reported a combined 1.1 million tonnes of inferred mineral resource at an average grade of 3.50 grams per tonne for Hwini-Butre and Benso. In 2006 we are investing $4.3 million on the exploration, drilling and technical studies on these deposits. We expect to complete a feasibility study for their development by December 2006."
In the second quarter the Wassa processing plant performed well in April and May, achieving design throughput rates and availabilities and better than design recoveries. This was offset in June when a power outage resulted in several tanks being sanded which negatively impacted production rate and gold recovery for an approximate three week period. Total production at Wassa for the second quarter is expected to be 21,806 ounces and cash operating costs per ounce are expected to be improved relative to the first quarter.
The Company is also pleased to report that the Wassa Mine was recently named "the most improved mine in Ghana" for the past year by the Ghanaian Environmental Protection Agency. This is a great achievement for Wassa in its first year of operations and is testament to the Company's commitment to health, safety, environmental and community matters.
Company Profile
Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources This press release uses the terms "measured mineral resources" and "indicated mineral resources". We advise US investors that while those terms are recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize them. US investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves.
Cautionary Note to US Investors concerning estimates of Inferred Mineral Resources This press release uses the term "inferred mineral resources". We advise US investors that while this term is recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize it. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. US investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable.
Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially.
Such statements include comments regarding the timing and duration of the
mining and processing of SAK ore, impacts on grade processed and cash
operating costs per ounce, and the exploration, assessment, development,
mining and processing of other material including material from Hwini Butre
and Benso, and second quarter production and cash operating costs at Wassa.
Factors that could cause actual results to differ materially include
variations in ore grade, tonnes mined, crushed or milled; variations in
relative amounts of material type; the estimation of mineral resources; delay
or failure to receive board or government approvals and permits; timing and
availability of external financing on acceptable terms; technical, permitting,
mining or processing issues; and fluctuations in gold price and costs. There
can be no assurance that future developments affecting the Company will be
those anticipated by management. Please refer to the discussion of risk
factors in our Form 10-K for 2005. The forward looking statements contained in
this press release constitute management's current estimates, as of the date
of this press release, with respect to the matters covered thereby. We expect
that these estimates will change as new information is received and that
actual results will vary from these estimates, possibly by material amounts.
While we may elect to update these estimates at any time, we do not undertake
to update any estimate at any particular time or in response to any particular
event. Investors and others should not assume that any forward looking
statements in this press release represent management's estimate as of any
date other than the date of this press release.
For further information
GOLDEN STAR RESOURCES LTD. President and CEO Peter Bradford, +1 800 553 8436 or Chief Financial Officer Allan Marter, +1 800 553 8436 or Investor Relations Manager Anne Hite, +1 800 553 8436
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Source: Golden Star Resources Ltd.
Morgen, 9.8.06 werden hier mal wieder Zahlen präsentiert, Q2.
Bisher geschah nicht viel. Wie es diesmal wohl ausschaut? Etwas
besser wohl schon.
Wenn ich verkaufe, gehen die Dinger vermutlich hoch, wenn ich
sie liegen lasse, dümpelt der Kurs weiter? Soviel zum toten Gold-Kpital. :x
Habe die gleichen gedanken wie du. Habe schon mehrmals mit dem Gedanken gespielt, vor den Zahlen zu verkaufen...wäre jedes mal besser gewesen...leider
bin deshalb auch nicht mehr im plus mit der GSS
deshalb verkaufe ich auch vor den zahlen nicht
die hoffnung stirbt zu letzt
Die Wirtschaft des Landes wuchs 2005 um 5,8 Prozent, die Inflationsrate nähert sich dem einstelligen Bereich (WirtschaftsWoche 32/2006). Die ehemalige britische Kolonie Gold Coast blickt auf eine lange Tradition im Goldbergbau zurück. Das Edelmetall ist neben Kakao und Holz Ghanas wichtigster Rohstoff. Die Goldausfuhren bringen mehr als ein Drittel der Exporterlöse. Ghanas Goldsektor wurde 1983 komplett privatisiert, gesetzlich neu geregelt und für Investoren attraktiv gemacht. Heute liegt der Abbau in den Händen von südafrikanischen (Anglogold Ashanti, Gold Fields) und nordamerikanischen (Newmont Mining) Minengesellschaften. Der Staat Ghana ist an allen Projekten lediglich mit einem gesetzlich festgelegten Anteil von zehn Prozent beteiligt.
Die amerikanische Minengesellschaft Golden Star Resources besitzt entsprechend dieser Vorgabe je 90 Prozent an den Minen Bogoso/Prestea und Wassa. 2005 förderte das Unternehmen dort 201.000 Unzen Gold. Die Bergwerke werden derzeit erweitert. Für dieses Jahr peilt Golden Star eine Ausweitung der Fördermenge auf 300.000 Unzen an, 2007 wird ein weiterer Anstieg auf 500.000 Unzen angestrebt bei Förderkosten von etwa 350 Dollar pro Unze. Golden Star konnte bisher Goldvorkommen von elf Millionen Unzen geologisch nachweisen. Gut ein Drittel davon gelten derzeit als wirtschaftlich abbaubare Reserven.
Gemessen an den Gesamtressourcen bewertet die Börse eine Unze Gold von Golden Star mit etwa 60 Dollar. Das ist weniger als bei vergleichbaren Goldproduzenten. Der Abschlag mag daran liegen, dass das Management in der Vergangenheit die eigenen Prognosen oft verfehlt hat. Der Bewertungsabschlag macht Golden Star (Börsenwert 660 Millionen Dollar) zu einem Übernahmekandidaten. Neben den Minen in Ghana betreibt das Unternehmen Explorationsprojekte in Westafrika und in Südamerika (Guyana, Surinam und Französisch-Guyana).
Kupferberg (aktiencheck.de AG) - Anleger sollen bei der Aktie von Golden Star Resources (ISIN CA38119T1049 / WKN 888002) jetzt einsteigen, raten die Experten von "Rohstoffraketen.de".
Die US-Gesellschaft überzeuge durch enorme Goldressourcen und ein erstklassiges Management. Zudem sei bis 2007 eine rasante Ausweitung der Fördermenge geplant. Damit nicht genug: Der Goldproduzent stehe aufgrund seiner überragenden Fundamentalfaktoren und wegen der dramatischen Unterbewertung auf der Einkaufsliste der Branchenriesen. Wer sich Golden Star Resources jetzt ins Depot packe, dürfte eine ähnliche Wertentwicklung wie schon von Mitte 2002 bis Ende 2003 zu erwarten haben.
Dieses hochinteressante Unternehmen sei erfolgreich in Afrika - genauer gesagt in Ghana - tätig. Golden Star Resources würden in Ghana die Minen Wassa und Bogoso/Prestea gehören. Für das Jahr 2005 habe das Management der Gesellschaft bereits eine Goldproduktion von 201.000 Unzen vermelden können. Interessant sei jedoch, dass man für dieses Jahr bereits eine Produktion von 300.000 Unzen plane.
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Damit nicht genug: Per 2007 peile die Geschäftsleitung gar eine Förderung von satten 500.000 Unzen an. Anders ausgedrückt: Bei Golden Star Resources sei innerhalb von nur zwei Jahren mit einer Ausweitung der Förderung von beachtlichen 149 Prozent zu rechnen. Aber auch der Blick auf die Goldvorkommen der Gesellschaft könne mehr als überzeugen: 11 Millionen Unzen hätten bisher geologisch nachgewiesen werden können. 3,58 Millionen Unzen davon - also gut ein Drittel - würden als wirtschaftlich abbaubare Reserven gelten.
Golden Star Resources werde damit von der Börse - gemessen an den Gesamtresourcen - mit lediglich etwas über 60 Dollar je Feinunze Gold bewertet. Dies stelle im Vergleich mit anderen Goldproduzenten einen beträchtlichen Abschlag dar, was zu einer Unterbewertung des Titels geführt habe.
Golden Star Resources habe in der jüngsten Vergangenheit im Vergleich mit den Goldindices eine markant schlechtere Wertentwicklung verzeichnet, wodurch sich ein gewaltiges Aufholpotenzial ergebe. Gemessen an seinen Goldressourcen sei der Titel ohnehin drastisch unterbewertet. Zu all diesen extrem positiven Faktoren komme auch noch eine latente Übernahmefantasie: Wie die Experten hätten erfahren können, stehe Golden Star Resources auf der Einkaufsliste von größeren Goldproduzenten ganz oben.
Anleger sollen jetzt mit einer ersten Position in die Golden Star Resources-Aktie einsteigen, auch wenn die Bodenbildung sich eventuell noch ein paar Wochen hinzieht, so die Experten von "Rohstoffraketen.de". (24.08.2006/ac/a/a)
GSS
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Zitat von Simona
