Higher gold prices, in combination with more ounces produced, led to an 18% revenue increase to $267 million for the first half of 2012 versus $226 million in the same period a year ago. Combined cash operating cost declined slightly in the first half of 2012 to $1,015 per ounce. However, these costs included the effects of the oxide mill startup that skewed our Bogoso cost to the high side.Cash flow before working capital changes was about $0.21 per share in the first half. Golden Star generated $54 million in cash flow through the first six months of 2012, a positive swing of nearly $37 million over the same period last year.
Golden Star Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts