Golden Star Resources Ltd (GSS)

[ConferredDiligence]

BT, In response to the reduced production guidance for 2018, I would say this:

It seems to me that there is a pretty simple explanation as to why the production guidance for 2018 is lower than they stated nine months ago. The company has decided to focus on producing the higher margin, underground ounces as opposed to producing more ounces from the open pit/surface mines. I also think they were looking at delaying the cost of the pushback on the surface mine. They'll always be able to re-start the surface mining, particularly if/when the price of gold is higher. Focusing on profit and re-building the balance sheet seems like a smart strategy, IMO.