- Golden Star Resources released its FY2020 results this week, reporting quarterly gold production of ~40,100 ounces, a slight decrease year-over-year.
- Fortunately, a higher gold price helped the company to post increased revenue vs. Q1 2020, and the company remains on track to meet its FY2021 guidance.
- While Golden Star is a high-risk single-asset producer in a Tier-3 jurisdiction, the company remains reasonably valued, especially given the organic growth potential with its Southern Extensions PEA.
- I believe there are much better opportunities elsewhere in the sector, but if we were to see Golden Star dip below $3.10, I would view this as a low-risk buying opportunity.
For further details see:
Golden Star Resources: A Decent Start To FY2021