Golden Star Resources Ltd

GSC : TSX GSS : AMEX GLNS : OTCBB GS5 : FSE

www.gsr.com

Smallcap gold prod

Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in Brazil in South America.

Industry Averages

resources updated:
24 Feb 2012

similar all producers

20.18

Relative Cash Flow

How expensive is this stock relative to its cash flow?

Lower is better.

rank
50%

0.0657

EV/value of Total

How expensive is this company relative to its gross resource value? Lower is a better deal.

rank
73%

GOLD PRODUCER ANALYTICS

GSC		%	Similar	%	All
ROE	-0.44	31%	2.67	39%	0.19
PE Ratio	-140.63	29%	40.44	41%	1469.64

75.42

EV/M&I

How expensive is the company relative to its gold resources?

Lower is a better.

rank
44%

1.0127

EV/Revenue

Indicates cost, per unit of revenue reserve, to prospective buyer of company.

Lower is a better.

rank
99%

0.0802

EV/value of P&P

Indicates cost, per unit of P&P reserve, to prospective buyer of company.

Lower is a better.

rank
74%

1062.00

Cost per ounce (USD)

Cost per ounce of gold produced, may include revenue from other minerals.

Lower is a better.

rank
8%

PROPERTY SUMMARY

Minerals w/ Estimates		Minerals w/o Estimates
gold (Au)		No minerals

Relative Values of Properties

- prod

- exp

12 properties - click on name to view info

Bogoso	prod	Au	GH
Wassa	prod	Au	GH
Prestea Underground	exp	Au	GH
Benso	exp	Au	GH
Buesichem	exp	Au	GH
Hwini-Butre	exp	Au	GH
Father Brown	exp	Au	GH
Chichiwelli Manso	exp	Au	GH
Dunkwa	exp	Au	GH
Akropong Trend	exp	Au	GH
Mano River	exp	Au	SL
Cote dIvoire	exp	Au	CI