The Company has added Sepon copper gold mine and Wassa gold mine to its global portfolio through acquisition in 2018 and 2022 respectively The Sepon gold copper mine is one of the largest mines in Laos In 2018 Chifeng acquired 100% stake in MMG Laos Holding Limited which holds 90% of LXML for US$275m 2020 gold production recorded at 65koz
Golden Star Resources Ltd is a gold mining and exploration company The Company through its subsidiary Golden Star Limited Wassa owns and operates the Wassa underground mine and a carbon in leach processing plant located northeast of the town of Tarkwa Ghana Its Wassa underground mine is located in south western Ghana
The Wassa gold mine The Wassa gold deposit is located 40 km northeast of Tarkwa town on the eastern side of the Ashanti Belt Fig 1 Current measured and indicated resources are around Moz of gold with an average grade of g/t Golden Star Resources Ltd 2014 The mine has produced over 1 Moz of gold since industrial mining started
GSWL is Golden Star s 90% owned subsidiary that holds the mineral rights relating to the Wassa gold mine The no objection letter was issued in accordance with section 52 of the Minerals and Mining Act 2006 Act 703 and on the advice and recommendation of the Minerals Commission The Ministry s approval of the transaction is subject to
Locality Maps Golden Star Wassa Akyempim Gold mine SAK 1 pit Akyempim Western Region Ghana Latitude & Longitude WGS84 5° 28 56 North 1° 43 5 West
The acquisition will put Chifeng Jilong firmly in charge of GSR s operation of the Wassa underground mine with Chief Executive Andrew Wray saying This offer and the healthy premium being paid relative to recent trading levels reflect the progress made in defining the future growth profile at Wassa as well as the repositioning of Golden Star with a streamlined
Two producing gold mines GOLDEN STAR Overview 1 As at December 31 2019 2 See note on slide 2 regarding Non GAAP Financial Measures 3 Employees in 2018 from most recent corporate responsibility report TAKORADI ACCRA WEST AFRICA Prestea Gold Mine Wassa Gold Mine Father Brown Satellite Deposit
The Bogoso Prestea operations are located in south western Ghana about 40 km from the Wassa gold mine Recently production was delivered from the Bogoso Prestea openpits and the Prestea
Wassa Gold Mine is operated and managed by Golden Star Resources GSR The mine is in the western province of Ghana West Africa It is a large scale underground gold mine with satellite open pits The ore is of the easy to process type The annual primary ore throughput of the processing plant is million tons/ year
The geometry of the Wassa deposit is controlled by a kilometre scale NE striking upright synform Fig 4a b which affected rocks of both the Sefwi volcanic series and the Tarkwa molasses series
Chinese mining firm Chifeng Jilong Gold Mining Limited which recently took over the operations of the Wassa mine from Golden Star Resources has pledged to transform the Wassa mine into a World
Golden Star Resources a mining company says it is on track to developing and unlocking the value of the Wassa Underground Gold Mine
The Wassa/Hwini Butre/Benso Gold Mine is a producing mine and hence considered an advanced project under NI 43101 guidelines The mine and its satellite operations are located in Ghana to the east of Tarkwa in the Western Region Golden Star Resources Ltd GSR currently holds a 90% interest in the subsidiary company Golden Star Wassa Limited
The Wassa Mine which covers a total surface of approximately has been in operation for several years It originally operated as a small scale mining site until Satellite Goldfields
Golden Star Resources Ltd is a gold mining and exploration company The Company through its subsidiary Golden Star Limited Wassa owns and operates the Wassa underground mine and a carbon in leach processing plant located northeast of the town of Tarkwa Ghana Its Wassa underground mine is located in south western Ghana
Gold production is anticipated to continue to ramp up during 2017 as Golden Star s mining operations begin to access the B Shoot which is a higher grade area of the Wassa Underground ore body
Caystar Finance Co a wholly owned subsidiary of Golden Star and RGLD Gold AG an affiliate of Royal Gold Inc are parties to a streaming agreement covering the Wassa and Bogoso Prestea mines Golden Star FGR and RGLD Gold AG are in advanced discussions to amend the stream agreement that would see subject to the completion of terms
Golden Star Wassa Limited Wassa is a gold mining company in Southwestern Ghana that has been in operation since 2003 It commenced production from its surface operation in 2005 and commercial
The three awards presented to Gold Star Wassa demonstrate its achievements made in health and safety management after the acquisition by Chifeng and the full recognition by the Ghanaian mining industry allowing Wassa Mine to maintain its position as one of the top large scale mines in Ghana The awards also show Golden Star Wassa s
Golden Star Resources Wassa gold mine in Ghana averaged a mining rate of about 3 963 tonnes per day tpd in the second quarter of 2021 Q2 2021 representing a 10% decrease on the 4 418tpd achieved in Q2 2020 and 12% lower than the mining rate of 4 499tpd achieved in Q1 2021
