Golden Star Resources Ltd (GSS): GSS won't stay "down" long.

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ThinkSustain

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Thursday, 04/28/2016 5:46:17 PM

Thursday, April 28, 2016 5:46:17 PM

GSS won't stay "down" long.

- Preliminary cash operating costs for the first quarter are estimated at below $750 per ounce, also lower than expected.

- The new underground projects are scheduled to begin contributing to production beginning late this year from the Wassa Underground and in mid-2017 for the Prestea Underground, thereby increasing annualized production levels by approximately 25% beginning in late 2017.

- The $20 million payment from RGLD was paid on April 1, 2016, after the Company met certain conditions which include the acceptance by RGLD of the final design of the Prestea Underground mine. This payment brings the total payments made to date to $95 million of the total $145 million expected before the end of 2016 and is an important milestone for the Company.

- First Quarter Results Release

The Company will release its first quarter financial results after the close of market on May 4, 2016 followed by a conference call and webcast at 8:30 a.m. EDT on May 5, 2016.