Golden Star continued to show real progress in the second quarter. We produced approximately 85,000 ounces of gold in the quarter, a 10% increase over first quarter and a 20% increase over Q4 of 2011. Gold prices averaged $1,600 in Q2 which was $86 lower than Q1. Higher production meant our revenues were up 4%. Year-over-year, our revenues were up 24% on higher gold production and higher prices.We’re happy to report that our combined cash operating costs are trending lower to $921 in the second quarter from $1,118 in the first quarter as we achieved lower costs at both our Bogoso and Wassa operations. In addition, our corporate G&A cash costs were approximately 25% lower than Q2 a year ago.
Golden Star Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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