TORONTO, Oct. 26, 2021 /CNW/ - Golden Star
Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE:
GSR) ("Golden Star" or the "Company") is pleased to announce
that Ben Pullinger will join as
Executive Vice President, Head of Discovery on November 1, 2021.
Ben holds over 15 years of experience in the gold sector,
working across Africa, the
Americas and Asia. He has been
directly associated with a number of high-quality discoveries and
has contributed to their advancement throughout his career. He
joins the Company from the role of Senior Vice President, Geology
& Corporate Development at Excellon Resources. Prior to that,
he held the position of Vice President, Exploration at Roxgold.
Andrew Wray, Chief Executive
Officer of Golden Star, commented:
"I am delighted to welcome Ben to the senior team at Golden
Star. Ben's experience in managing exploration projects from an
early stage through to production will see him play a key role in
unlocking the value opportunity offered by the continued expansion
of the Wassa ore body, both in the current mine and the wider
regional targets where we are exploring for standalone orebodies.
Ben is also well placed to assist in the advancement of our growth
strategy as we look to expand the business outside of Wassa.
Ben will work through a transition period with Mitch Wasel, Vice President Exploration, who
will be retiring later this year after nearly 29 years' service
with the Company. I would like to thank Mitch for the role he has
played, particularly as regards the discovery and delineation of
the Wassa underground orebody which now totals three million ounces
of measured and indicated resources and 7.7 million ounces of
inferred resource, and wish him all the best in his
retirement."
Company Profile:
Golden Star is an established gold mining company that owns and
operates the Wassa underground mine in the Western Region of
Ghana, West Africa. Listed
on the NYSE American, the Toronto Stock Exchange and the Ghanaian
Stock Exchange, Golden Star is focused on delivering strong margins
and free cash flow from the Wassa mine. As the winner of the
Prospectors & Developers Association of Canada 2018 Environmental and Social
Responsibility Award, Golden Star remains committed to leaving a
positive and sustainable legacy in its areas of operation.
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 and "forward looking
information" within the meaning of Canadian securities laws and
include but are not limited to, statements and information
regarding: the Company's ability to unlock the value opportunity
offered by the continued expansion of the Wassa ore body in
the current mine and the wider regional targets; and the Company's
ability to advance its growth strategy and expand the business
outside of Wassa. Generally, forward-looking information and
statements can be identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes" or variations of such words and phrases (including
negative or grammatical variations) or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative
connotation thereof. Investors are cautioned that forward-looking
statements and information are inherently uncertain and involve
risks, assumptions and uncertainties that could cause facts to
differ materially. Such statements and information are based on
numerous assumptions regarding present and future business
strategies and the environment in which Golden Star will operate in
the future, including the price of gold, anticipated costs and
ability to achieve goals. Forward-looking information and
statements are subject to known and unknown risks, uncertainties
and other important factors that may cause the actual results,
performance or achievements of Golden Star to be materially
different from those expressed or implied by such forward-looking
information and statements, including but not limited to: gold
price volatility; discrepancies between actual and estimated
production; mineral reserves and resources and metallurgical
recoveries; mining operational and development risks; liquidity
risks; suppliers suspending or denying delivery of products or
services; regulatory restrictions (including environmental
regulatory restrictions and liability); actions by governmental
authorities; the speculative nature of gold exploration; ore type;
the global economic climate; share price volatility; foreign
exchange rate fluctuations; risks related to streaming agreements
and joint venture operations; the availability of capital on
reasonable terms or at all; risks related to international
operations, including economic and political instability in foreign
jurisdictions in which Golden Star operates; risks related to
current global financial conditions including financial and other
risks resulting from the impact of the COVID-19 global pandemic;
actual results of current exploration activities; environmental
risks; future prices of gold; possible variations in mineral
reserves and mineral resources, grade or recovery rates; mine
development and operating risks; an inability to obtain power for
operations on favorable terms or at all; mining plant or equipment
breakdowns or failures; an inability to obtain products or services
for operations or mine development from vendors and suppliers on
reasonable terms, including pricing, or at all; public health
pandemics such as COVID-19, including risks associated with
reliance on suppliers, the cost, scheduling and timing of gold
shipments, uncertainties relating to its ultimate spread, severity
and duration, and related adverse effects on the global economy and
financial markets; accidents, labor disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities; litigation risks; the quantum and timing of receipt of
NSR payments and/or the Sulphides Contingent Payments from the sale
by the Company of its interest in Bogoso-Prestea; and risks related
to indebtedness and the service of such indebtedness. Although
Golden Star has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information and statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. 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
Management's Discussion and Analysis of financial conditions and
results of operations for the year ended December 31, 2020 and in our annual information
form for the year ended December 31,
2020 as filed on SEDAR at www.sedar.com. 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. While we may elect to update
these estimates at any time, we do not undertake any estimate at
any particular time or in response to any particular event.
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SOURCE Golden Star Resources Ltd.
