About Golden Star Resources Mining Company

About Golden Star Resources Mining Company

Golden Star is an established gold mining company that owns and operates the Wassa and Prestea mines situated on the prolific Ashanti Gold Belt in Ghana, West Africa.

MISSION STATEMENT

Golden Star’s mission is the responsible and profitable production of gold. As a Company, and as individuals, Golden Star values respect, honesty, teamwork, accountability and open communication in all relationships. The Company is committed to safety, employee well-being and protection of the environment, and strives to be a responsible corporate citizen.

VISION STATEMENT

Golden Star’s vision is to grow a brand-name gold mining company that will deliver superior returns to shareholders, value and develop internal talent, be committed to international practices and conduct and become a partner of choice for host communities and government.

Who We Are

Golden Star is an established West African gold mining company. We have two producing mines in Ghana and we are transforming into a high grade, low cost, non-refractory gold producer.

Golden Star is listed on the NYSE MKT stock exchange (ticker: GSS), the Toronto Stock Exchange (ticker: GSC) and the Ghana Stock Exchange (ticker: GSR).

The investment case for Golden Star is as follows:

ESTABLISHED, MID-TIER GOLD PRODUCER

Golden Star has a 17 year history of producing gold in Ghana. We have two producing mines, Wassa and Prestea, in the south-west of the country, and in 2017 we are on track to produce 255-280,000 ounces of gold at a cash operating cost of $780-860/oz. Ghana is a stable jurisdiction with a century-long history of mining and good existing infrastructure

PRODUCTION IS EXPANDING AND COSTS ARE REDUCING

Between 2016 and 2019 Golden Star’s production is expected to increase by 60% and its cash operating costs are expected to decrease by 29%. The key drivers for these changes are Golden Star’s two high grade development projects, Wassa Underground and Prestea Underground. Wassa Underground achieved commercial production in January 2017 and Prestea Underground is expected to follow it into commercial production in Q3 2017.

STRONG EXPLORATION UPSIDE POTENTIAL

Golden Star has significant potential to expand its Mineral Reserves and the lives of its operations through converting its Mineral Resources to Reserves. There is also substantial potential to expand our Mineral Reserves outside of the current resource area. Golden Star’s mineral concession areas cover approximately 85km of the 250km Ashanti Gold Belt. We have the largest land package of any company operating in Ghana, including the major gold producers.

EXPERIENCED MANAGEMENT TEAM

Golden Star has an experienced management team with a track record of discovery and project delivery. Sam Coetzer, our President and Chief Executive Officer, is a mining engineer by background with over 26 years’ experience. He previously worked for Kinross, Xstrata Nickel, Xstrata Coal and Placer Dome at open pit and underground mining operations.

UNDERVALUED COMPARED TO PEER GROUP

Golden Star has significant potential for share price growth as despite our strong performance since the start of 2016, we remain undervalued compared to our peer group on a number of metrics. We intend to continue to increase our share price by developing a reputation for delivery.