Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) Slow Momentum Post Results


Dallas, Texas 02/25/2014 (FINANCIALSTRENDS) – Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) is a Toronto based gold mining company with a massive footprint in the West African continent. The mines and exploration services for this company are in the regions spread across West Africa and the nature rich South American properties. The company essentially operates through its high value mines located at South West Ghana.

Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) hold over 90% owner ship of one of the subsidiaries through which it delivers its solutions. This is the Golden Star Limited or GSBPL. The company not only owns but also operates these gold mines but is also part of the operations to process as well. Most of the work are executed at the Bogoso Ghana location. The company also operated through another subsidiary, called as the Golden Star Limited or Wassa. The gold mine it operates is the open-pit mine which is located at is a carbon-in-leach system of processing. It is located more than 35 kilometers off the Bogoso region.

Restructuring and growth

Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) has chosen to restructure the company through restructuring. In December of 2012, the company chose to sell one of its properties at the Saramacca property to Newmont Mining Corporation.

Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) competes with other goldmining corporations as Kinross Gold Corp, IAG as well as Asanko Gold Inc.

Financial results of 2013 slow down momentum

Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) currently holds a market capital of $202.10 million. The share prices of this stock saw variation through the trading day, reaching low of $0.76 and high of $0.80. The current stock market price for this stock is $0.780. The company has Beta of 1.08 and EPS of -1.03.

The company ever since the announcement of its financial results on Feb 19, has noted a decline on the stock markets. The results for the full year of 2013 too did not help in bolstering the share prices.