Source: Golden Star Resources - Golden Star Resources' Prestea underground gold mine in Ghana.
Investment thesis
The Toronto-based Golden Star Resources (GSS) released the second-quarter results on July 29, 2020. It was a good quarter overall in terms of production with an increase of nearly 5% from the same quarter a year ago.
However, the main takeaway for Golden Star Resources is that it sold its gold production over 28% higher than the last year and showed a free cash flow positive again after many unsuccessful quarters. However, the company received an overall