GSS - Looks like a very good earnings report

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Stock up 3% on this news...

Golden Star Reports Record Production and Net Income for the Third Quarter and First Nine Months of 2003
Thursday October 30, 4:51 pm ET


DENVER--(BUSINESS WIRE)--Oct. 30, 2003--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) is pleased to announce record production, revenue and net income for the third quarter and the first nine months of 2003.
For the third quarter, revenue was $18.8 million on sales of 50,871 ounces of gold, resulting in net income of $6.2 million ($0.054 per share), compared with revenue of $8.4 million on sales of 27,681 ounces and net income of $0.8 million ($0.010 per share) for the same quarter in 2002. For the first nine months of 2003, Golden Star had sales of 129,269 ounces of gold, revenue of $46.6 million and net income of $14.7 million ($0.138 per share). This compares with sales of 89,745 ounces, revenue of $27.4 million and net income of $3.8 million ($0.055 per share) for the first nine months of 2002. (All currency in this news release is expressed in U.S. dollars, unless otherwise noted.)

Gold production in the third quarter, all from the Company's Bogoso/Prestea mine in Ghana, was at a cash operating cost of $154 per ounce and was sold into the spot gold market for an average realized gold price of $363 per ounce. This is compared to a cash operating cost of $200 per ounce and an average realized gold price of $315 per ounce in the same period in 2002. Total cash cost per ounce averaged $182 during the third quarter, down from $222 per ounce in the third quarter of 2002. For the first nine months this year, the Company's cash operating cost averaged $168 per ounce and realized price averaged $356 per ounce, compared with a cash operating cost of $182 per ounce and a realized price of $305 per ounce for the first nine months in 2002. Total cash cost per ounce averaged $196 for the nine months as compared to $203 per ounce in the same period of 2002.

Golden Star Reports Record Production and Net Income for the Third Quarter and First Nine Months of 2003
Thursday October 30, 4:51 pm ET


DENVER--(BUSINESS WIRE)--Oct. 30, 2003--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) is pleased to announce record production, revenue and net income for the third quarter and the first nine months of 2003.
For the third quarter, revenue was $18.8 million on sales of 50,871 ounces of gold, resulting in net income of $6.2 million ($0.054 per share), compared with revenue of $8.4 million on sales of 27,681 ounces and net income of $0.8 million ($0.010 per share) for the same quarter in 2002. For the first nine months of 2003, Golden Star had sales of 129,269 ounces of gold, revenue of $46.6 million and net income of $14.7 million ($0.138 per share). This compares with sales of 89,745 ounces, revenue of $27.4 million and net income of $3.8 million ($0.055 per share) for the first nine months of 2002. (All currency in this news release is expressed in U.S. dollars, unless otherwise noted.)

Gold production in the third quarter, all from the Company's Bogoso/Prestea mine in Ghana, was at a cash operating cost of $154 per ounce and was sold into the spot gold market for an average realized gold price of $363 per ounce. This is compared to a cash operating cost of $200 per ounce and an average realized gold price of $315 per ounce in the same period in 2002. Total cash cost per ounce averaged $182 during the third quarter, down from $222 per ounce in the third quarter of 2002. For the first nine months this year, the Company's cash operating cost averaged $168 per ounce and realized price averaged $356 per ounce, compared with a cash operating cost of $182 per ounce and a realized price of $305 per ounce for the first nine months in 2002. Total cash cost per ounce averaged $196 for the nine months as compared to $203 per ounce in the same period of 2002.

Golden Star Reports Record Production and Net Income for the Third Quarter and First Nine Months of 2003
Thursday October 30, 4:51 pm ET


DENVER--(BUSINESS WIRE)--Oct. 30, 2003--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) is pleased to announce record production, revenue and net income for the third quarter and the first nine months of 2003.
For the third quarter, revenue was $18.8 million on sales of 50,871 ounces of gold, resulting in net income of $6.2 million ($0.054 per share), compared with revenue of $8.4 million on sales of 27,681 ounces and net income of $0.8 million ($0.010 per share) for the same quarter in 2002. For the first nine months of 2003, Golden Star had sales of 129,269 ounces of gold, revenue of $46.6 million and net income of $14.7 million ($0.138 per share). This compares with sales of 89,745 ounces, revenue of $27.4 million and net income of $3.8 million ($0.055 per share) for the first nine months of 2002. (All currency in this news release is expressed in U.S. dollars, unless otherwise noted.)

Gold production in the third quarter, all from the Company's Bogoso/Prestea mine in Ghana, was at a cash operating cost of $154 per ounce and was sold into the spot gold market for an average realized gold price of $363 per ounce. This is compared to a cash operating cost of $200 per ounce and an average realized gold price of $315 per ounce in the same period in 2002. Total cash cost per ounce averaged $182 during the third quarter, down from $222 per ounce in the third quarter of 2002. For the first nine months this year, the Company's cash operating cost averaged $168 per ounce and realized price averaged $356 per ounce, compared with a cash operating cost of $182 per ounce and a realized price of $305 per ounce for the first nine months in 2002. Total cash cost per ounce averaged $196 for the nine months as compared to $203 per ounce in the same period of 2002.

Golden Star Reports Record Production and Net Income for the Third Quarter and First Nine Months of 2003
Thursday October 30, 4:51 pm ET


DENVER--(BUSINESS WIRE)--Oct. 30, 2003--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) is pleased to announce record production, revenue and net income for the third quarter and the first nine months of 2003.
For the third quarter, revenue was $18.8 million on sales of 50,871 ounces of gold, resulting in net income of $6.2 million ($0.054 per share), compared with revenue of $8.4 million on sales of 27,681 ounces and net income of $0.8 million ($0.010 per share) for the same quarter in 2002. For the first nine months of 2003, Golden Star had sales of 129,269 ounces of gold, revenue of $46.6 million and net income of $14.7 million ($0.138 per share). This compares with sales of 89,745 ounces, revenue of $27.4 million and net income of $3.8 million ($0.055 per share) for the first nine months of 2002. (All currency in this news release is expressed in U.S. dollars, unless otherwise noted.)

Gold production in the third quarter, all from the Company's Bogoso/Prestea mine in Ghana, was at a cash operating cost of $154 per ounce and was sold into the spot gold market for an average realized gold price of $363 per ounce. This is compared to a cash operating cost of $200 per ounce and an average realized gold price of $315 per ounce in the same period in 2002. Total cash cost per ounce averaged $182 during the third quarter, down from $222 per ounce in the third quarter of 2002. For the first nine months this year, the Company's cash operating cost averaged $168 per ounce and realized price averaged $356 per ounce, compared with a cash operating cost of $182 per ounce and a realized price of $305 per ounce for the first nine months in 2002. Total cash cost per ounce averaged $196 for the nine months as compared to $203 per ounce in the same period of 2002.

http://biz.yahoo.com/bw/031030/305811_1.html