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Golden Star Resources

Buy Golden Star Resources stocks

GOLDEN STAR RESOURCES (GSC) Stocks

ABOUT GOLDEN STAR RESOURCES

Golden Star Resources Ltd. is a Canadian gold mining company that was incorporated in May, 1992. Golden Star Resources Ltd’s operations started in 1999, in Ghana, West Africa, and it holds 90% interest in the Prestea and Wassa mines which can be found on the Ashanti Gold Belt. Prestea concessions and the associated infrastructure were acquired by Golden Star Resources Ltd. in 1999.

In 2002, there was a joint venture between the Government of Ghana and Ghana National Mineworkers Union, which led to the acquisition of the Prestea concession (which had been producing gold since the 1890s)

In 2003, due to foreclosure of Glencar Mining, Golden Star Resources Ltd. acquired the Wassa Gold Mine.

From 2005, operations at both mines were predominantly concentrated on feasibility studies, commissioning and upgrading plants to improve production.

In 2017, the Prestea mine produced its maiden 325 ounces of gold in the second quarter of the year. Today, the Wassa and Prestea Complex collectively produce approximately 48,422 ounces of gold per quarter.

Golden Star Resources Ltd. is based in Toronto, Ontario, Canada, and has a staff compliment of approximately 640 employees.

OVERVIEW OF GOLDEN STAR RESOURCES

  • Golden Star Resources Ltd. completed the process of making Prestea mine an underground-focused operation in 2018.

  • There are currently efforts to extend the West Reef ore body so as to increase supply of high-grade ore. Wassa underground is currently focused on three areas to increase mine life short, medium and long term; B Shoot north is being extended through extension drilling and step out drilling is being used on the 242 Trend and the F Shoot.

  • With exploration through drilling operations, the company is working to accelerate organic growth and to improve capital efficiency by ensuring that the excess plant capacity is available to ensure a higher rate of return through the development of these projects.

VISION & VALUES OF GOLDEN STAR RESOURCES

  • Golden Star Resources Ltd. strives not only to grow a gold mining company that produces gold profitably and becomes a brand-name, but it also believes in respect, honesty, teamwork, accountability and transparency in all areas.

  • The focus is on becoming a partner of choice by ensuring the delivery of superior returns to shareholders, and to commit to international practices, develop talent internally, and adding value for those who invest in the company through the purchase of company shares.

MARKET PERFORMANCE OF GOLDEN STAR RESOURCES

  • Golden Star Resources Ltd. trades on the Toronto Stock Exchange (TSE) under the stock symbol GSC. It also trades on the New York Stock Exchange (NYSE) under the stock symbol GSS. The company is an S&P 500 component.

  • Golden Star Resources Ltd. generated gold revenue of US Dollar 69.6 million for the third quarter that ended 30 September 2019.

  • The net income for the quarter totaled US Dollar 6.0 million.

  • A gold price protection plan was established in 2019 for the projected production generated from Prestea mine until September 2022.

Buy GOLDEN STAR RESOURCES stocks / shares – A Step by Step Guide how to Buy / Purchase GOLDEN STAR RESOURCES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy GOLDEN STAR RESOURCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GOLDEN STAR RESOURCES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE GOLDEN STAR RESOURCES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GOLDEN STAR RESOURCES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy GOLDEN STAR RESOURCES stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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