Golden Star Resources, Ltd. Reports Production Results for the Fourth Quarter and Full Year of 2016; Provides Production and Capital Expenditure Guidance for the Year 2017
For the year, the company reported gold production of 194,054 ounces of gold in 2016. Gold production from the Prestea Open Pits was 89,673 ounces in 2016. Total gold production from Wassa Underground in 2016 was 11,062 ounces.
For the year 2017, the company expects gold production of Wassa to be in the range of 145,000 ounces to 160,000 ounces. Gold production of Prestea to be in the range of 110,000 ounces to 120,000 ounces, and total capital expenditure to be USD 58.4 million. Total consolidated gold production to 255,000 ounces to 280,000 ounces.