Golden Star Resources Ltd (GSS)

[BottomBounce]

Record quarterly production from the Prestea Open Pits for the fourth consecutive quarter at 31,689 ounces
16% increase in production from the Wassa Underground Gold Mine ("Wassa Underground") to 13,288 ounces compared to the first quarter of 2017, as the underground mining operations begin to access the B Shoot zone and the mine continues to ramp up
First production delivered from development ore from the high grade Prestea Underground Gold Mine ("Prestea Underground")

18% decrease in cash operating cost per ounce1 to $785 compared to the second quarter of 2016
19% decrease in All-In Sustaining Cost ("AISC") per ounce1 to $960 in the second quarter of 2017 compared to Q2 2016
Capital expenditures of $18.3 million in the second quarter of 2017, with $12.5 million (68%) attributable to development capital for Prestea Underground
204% increase in mine operating margin in the second quarter of 2017 to $13.3 million compared to Q2 2016
Net income attributable to Golden Star shareholders in the second quarter of 2017 of $13.9 million or $0.04 per share, compared to a net loss of $22.0 million or $0.08 loss per share in the same period of 2016
Consolidated cash balance of $25.9 million at June 30, 2017, with the Company remaining fully funded to deliver its capital program
Consolidated full year 2017 gold production guidance maintained at 255,000-280,000 ounces