The established gold company, listed on the NYSE, TSX and the GSE, started gold production on 1 January and is expected to continue to ramp up production during 2017.This comes as Golden Star Resources' mining operations will start accessing a higher grade area of the Wassa underground ore body, the B Shoot.
The project construction of Wassa Underground, including the installation of all ancillary infrastructure, is complete and operational — in accordance with Golden Star Resources' planned schedule and budget.
Sam Coetzer, president and CEO of Golden Star Resources, said the achievement of commercial production at Wassa Underground marks the successful completion of a 17 month construction period.
“It is also another important milestone in our transformation into a high grade, non-refractory gold producer. Golden Star Resources anticipates that it will benefit from Wassa Underground's lower cost production resulting from the higher grade ore being fed into the Wassa processing plant.”
[quote]It plans to begin longitudinal stoping of the B Shoot in the first quarter of 2017, and expects the larger, transverse stopes in the third quarter of 2017.
Since the company blasted the first stope at Wassa Underground in July 2016, the company has been mining development and stope ore in the F Shoot.
Golden Star Resources will announce its full year 2016 production results, including the production results for Wassa Underground, and its full year 2017 guidance in terms of production, operating costs and capital expenditures later in January 2017.