Here's Why Golden Star Resources Ltd. Regained Its Luster
Shares of Golden Star Resources (NYSEMKT: GSS), a junior mining company with two operating mines in Africa, surged by as much as 10% during Thursday's trading session after the company announced its third-quarter earnings results following the closing bell on Wednesday.
For the quarter, Golden Star Resources reported a 64% year-over-year increase to its gold production to 73,287 ounces. At the same time, as production at the Wassa and Prestea underground mines in Ghana has expanded, costs have declined. The company recognized a 26% decrease in its all-in sustaining costs (AISC) to $848 per gold ounce in Q3 2017, the lowest in the company's history since it began reporting AISC four years ago.
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Source: Fool.com
