DENVER, COLORADO --(Marketwire - Aug. 10, 2009 ) - Golden Star Resources Ltd. (TSX:GSC)(NYSE Amex:GSS)(GSE:GSR) today announced its unaudited second quarter results. All currency in this news release is expressed in U.S. dollars, unless otherwise noted.
Tom Mair , President and CEO, said, "Golden Star turned in another solid quarter in terms of production, cash operating costs and cash flow. We are on course to meet our guidance of 400,000 ounces of gold at a cash operating cost of approximately $545 per ounce." RESULTS AND HIGHLIGHTS - Quarterly gold sales of 99,011 ounces, *a 26% increase over second quarter 2008 and a 2% increase over the first quarter of 2009*; - Gold revenues for the quarter of $91.9 million representing *an increase of 30% over second quarter 2008 and a 5% increase over the first quarter 2009 revenues*; - Operating cash flow of $29.3 million for the second quarter of 2009, or $0.124 per share; - Reduction in electrical power costs by approximately 55% as announced on June 26 ; /emphasis added ______________________ Navin NS Capital Partners --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
