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Golden Star kicks off production at Wassa underground gold mine

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Golden Star kicks off production at Wassa underground gold mine

Golden StarResources Ltd. said July 12 that precommercial production hasstarted at its Wassa underground gold mine in Ghana, as per schedule.

The first ore from the underground mine was delivered to theWassa processing plant July 10, after the successful blasting of the firststope in the F-Shoot at the mine.

The higher grade areas within the B-Shoot are scheduled tobe accessed in early 2017.

The Wassa underground mine is expected to achieve commercialproduction in early 2017 and will deliver 2,000 tonnes to 2,500 tonnes of oreper day.

The underground mine is also on track to produce 20,000 to25,000 ounces of precommercial gold production this year.  

In addition, combined production from the Wassa main pit andunderground operations is expected to be between 120,000 ounces to 135,000ounces of gold this year. Meanwhile, average life-of-mine combined productionis anticipated to be 163,000 ounces of gold per annum.

The ore from the underground and main pit will be mined atthe same time and blended for feeding to the processing plant.

Golden Star's full year production is expected to fallbetween 180,000 ounces to 205,000 ounces of gold, with cash operating costs ofUS$815 to US$925 per ounce.