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Rating: GSS
Sector Perform

Golden Star Resources, Ltd (AMEX: GSS) upgraded to Sector Perform by Scotia Capital

Friday,  May 8, 2015  12:25 PM ET by Betsy O'Brien Harrison

Scotia Capital upgraded Golden Star Resources, Ltd (AMEX: GSS) to Sector Perform.
Previously Scotia Capital upgraded to Golden Star Resources, Ltd (AMEX: GSS) to Sector Underperform on 04/24/2013, when the stock price was $1.01.

Golden Star Resources Ltd. (Golden Star) is an international gold mining and exploration company that produces gold in Ghana, West Africa. Through its subsidiaries, it owns a controlling interest in four significant gold properties in southern Ghana: The Bogoso/Prestea property, Wassa property, Prestea Underground property and Hwini-Butre and Benso concessions (HBB Properties). At December 31, 2008, Bogoso/Prestea and Wassa produced and sold 126,026 and 125,427 ounces of gold, respectively. Bogoso/Prestea had proved and probable mineral reserves of 23.8 million tons containing approximately 2.4 million ounces of gold. Wassa, including the HBB properties, had proved and probable mineral reserves of 11.7 million tons containing approximately 0.9 million ounces of gold.

Scotia Capital has well-respected research capabilities in fixed income research, equity research, economics, and foreign exchange. We offer coverage for Canada, the United States, and Mexico. In the Unites States, we offer in debt research coverage on the US investment grade debt and high yield debt markets. Publications include daily and weekly company reports and industry reports. This research is also available through SC Online, as well as through Bloomberg.

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