Wassa Underground gold mine

Golden Star Resources has announced a 47% increase in its mineral reserves at its Wassa gold mine in Ghana.

NYSE and TSX-listed Golden Star has announced that its subsidiary, Golden Star (Wassa) Limited, has signed a commitment letter for a $20 million secured loan facility with Ecobank Ghana.

West African-focused gold producer Golden Star Resources is focusing on improving its margins, which it should succeed in achieving this year as it produces fewer ounces than it has done in the past but at lower operating costs and higher grades.

Golden Star Resources has more than doubled its inferred mineral resource estimate for its Wassa underground gold mine in Ghana. "By more than doubling the inferred mineral resources at Wassa underground, we have begun to...