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BRIEF-Golden Star Reports Preliminary 2018 Production Results, Provides 2019 Guidance

Published 2019-01-16, 06:09 a/m
Updated 2019-01-16, 06:10 a/m
© Reuters.  BRIEF-Golden Star Reports Preliminary 2018 Production Results, Provides 2019 Guidance

Jan 16 (Reuters) - Golden Star Resources Ltd GSC.TO :

* GOLDEN STAR REPORTS PRELIMINARY 2018 PRODUCTION RESULTS AND PROVIDES GUIDANCE FOR 2019

* GOLDEN STAR RESOURCES LTD SAYS FY 2019 CONSOLIDATED GUIDANCE FOR GOLD PRODUCTION OF 220,000-240,000 OUNCES

* GOLDEN STAR RESOURCES LTD SAYS CONSOLIDATED GOLD PRODUCTION FOR FY 2018 OF 224,861 OUNCES, 139 OUNCES BELOW LOW END OF GUIDANCE

* GOLDEN STAR RESOURCES LTD SAYS GOLD PRODUCTION IN Q4 OF 2018 OF 48,854 OUNCES

* GOLDEN STAR RESOURCES - IN 2019, WASSA EXPECTED TO PRODUCE AT AN AVERAGE RATE OF ABOUT 3,500 TPD MOVING TOWARDS A TARGET OF 4,000 TPD IN 2020

* GOLDEN STAR - IN FINAL QUARTER OF 2018, CO CONCLUDED BUSINESS RIGHTSIZING BY REDUCING WORKFORCE, ESTABLISHING LOWER DIRECT OPERATING COST BASE AT PRESTEA

* GOLDEN STAR - HAS ALLOCATED CAPITAL IN 2019 TO INSTALL INFRASTRUCTURE THAT IS EXPECTED TO ACHIEVE MINING RATES OF 4,000 TPD IN EARLY 2020 AT WASSA

* GOLDEN STAR RESOURCES LTD - BUDGET OF $13.4 MILLION HAS BEEN SET FOR EXPLORATION ACTIVITIES IN 2019

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