Golden Star shines on Global Gold Index

摘要

Stronger gold prices this year are lifting many a gold miner, but Golden Star Resources (GSC-T, GSS-X) has been outpacing most. The mid-tier producer, with its main assets in Ghana, has enjoyed a 23 percent gain so far this year - placing it second only to Cumberland Resources (CLG-T, CLG-X) in terms of percentage gains on the TSX's Global Gold Index. Catherine Gignac, a mining analyst with Wellington West Capital, cites three key factors to Golden Star's surge: the imminent completion of a sulphide expansion that will take production from higher grade ore; coming to grips with what had been rampant illegal mining in and around the company's premises; and a more stable power supply.