- Golden Star Resources released its preliminary Q4 results last week and reported quarterly gold production of 41,000 ounces, delivering a beat on FY2020 production.
- This solid performance helped the company to further improve its balance sheet, with Golden Star currently sitting on $61 million in cash, and net debt of $45 million.
- Looking ahead to FY2021, the company is expected to post modest production growth, and deliver a Preliminary Economic Assessment to look at an expansion case.
- While Golden Star is nowhere a top-pick in the sector with a single mine asset in a Tier-3 jurisdiction, the stock is reasonably valued and looks like a Speculative Buy below $3.40.
For further details see:
Golden Star Resources: A Strong Finish To FY2020