DALLAS, Oct. 19, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Golden Star Resources Ltd. (AMEX:GSS). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Golden Star Resources Ltd. (AMEX:GSS) should be of particular interest to comparable metals and mining companies: POSCO (NYSE:PKX), Arcelor Mittal (NYSE:MT), United States Steel Corp. (NYSE:X) and Nucor Technologies (NYSE:NUE).
It is available at: http://www.beaconequity.com/i/GSS
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Golden Star Resources Ltd. (GSS) is an international gold mining and exploration company that produces gold in Ghana, West Africa. Through its subsidiaries, it owns a controlling interest in four significant gold properties in southern Ghana: The Bogoso/Prestea property, Wassa property, Prestea Underground property and Hwini-Butre and Benso concessions (HBB Properties).
Message Board Search for GSS: http://www.boardcentral.com/boards/GSS
In the report, the analyst notes:
"First quarter 2009 gold revenues were up 69% as compared to the first quarter of 2008. Higher gold shipments of 96,971 ounces, up from 57,427 ounces a year earlier, were responsible for the revenue increase. Average realized gold price was $904 per ounce in the first quarter, down from $926 per ounce in the first quarter of 2008.
"In response to a significant increase in recent gold price volatility, in the fourth quarter of 2008 GSS entered into forward pricing contracts to sell 45,000 ounces of gold at an average price of $825 per ounce. These contracts matured during the first quarter of 2009 resulting in a realized loss of $3.5 million."
To read the entire report visit: http://www.beaconequity.com/i/GSS
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