Saturday, January 20, 2018 11:42:22 AM
(Expected gold production in FY 2018 is lower than in FY 2017 due to the Company's transition to being a primarily underground-focused producer. Gold production from the Wassa complex in FY 2018 is anticipated to be solely from Wassa Underground, with the exception of a small contribution from Wassa Main Pit stockpiles, as disclosed above. Gold production from Prestea is expected to comprise ounces from the Prestea Open Pits and Prestea Underground during the first half of 2018, with production during the second half of 2018 relating solely to Prestea Underground.
Golden Star expects gold production to be weighted towards the second half of the year, despite the anticipated cessation in production from the Prestea Open Pits. This is due primarily to an anticipated increase in both mining rate and grade from Wassa Underground during the second half of the year, as the mining operations progress to a deeper, higher grade area of the B Shoot zone and begin to access larger stopes.
Consequently, Golden Star anticipates that its cash operating cost per ounce1 and AISC per ounce1 will be higher during the first half of 2018, due to the continuing ramp up of both underground operations.) Hope Gold price improves 2018 also. I'm long here including some 1/19 $1 warrants. Not deep in the warrants, in the money as we speak, would just like a little more out of them....Bluetick
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