Golden Star Resources Ltd. (USA) (GSS)

TMFSinchiruna (< 20) Submitted: 4/17/08 3:49 PM : Start Price: $3.44 GSS Score: -38.92

GSS has been performing well so far during this correction relative to peers, which suggest to me that some investors had their eyes on this one for just such a dip. The 1-year chart sure doesn't look like the chart of a company producing unhedged gold, which has gone up 34% over that year, while GSS is down 24% over the same period! Meanwhile, they are forecasting a 63% increase in production in 2008. Get the picture? This one has gone from cheap to ridiculously cheap... and there are plenty of other producing juniors out there in the same boat.

"Golden Star is a mid-tier gold mining company whose principal properties are located in Ghana, West Africa. The Company produced a record 246,278 ounces of unhedged gold in 2007 from its Bogoso/Prestea and Wassa open pit mines. In 2008, we expect a significant increase in production of approximately 370,000 to 425,000 ounces at an average cash cost of $490 to $540 per ounce."

Report this Post Replies: 2 | Reply