• Q2 2021 production totaled 37.9 thousand ounces (“koz”) from Wassa, at an all-in sustaining cost (“AISC”) of $1,182 per ounce (“/oz”). H1 2021 production totaled 78.0koz at an AISC of $1,140/oz, and the Company remains on track to deliver on the recently revised production guidance of 145-155koz for 2021.
• The Wassa underground grade averaged 3.1 grams per tonne (“g/t”) in Q2 2021, in line with the reserve grade and 4% higher than achieved in Q1 2021.
• Paste fill test work continued during the quarter with recent positive results supporting a second test stope currently in progress which, if successful, will lead to the restart of the planned filling schedule in Q4 2021.
• Q2 2021 saw continued investment in infill drilling and development at Wassa, ahead of planned future production expansion. Q2 2021 capital expenditure totaled $ 12 milyon ("M").
• Nakit arttı $ 6.6m 2'in 2021. çeyreğinde toplam $ 72.7m at Haziran 30, 2021, with net debt reducing to $ 31m.
• The senior secured credit facility with Macquarie Bank Limited (the “Macquarie Credit Facility”) was restructured and upsized to a three-year $ 90m revolving credit facility (“RCF”), with $ 30m of undrawn liquidity. The amortization profile was also restructured, releasing $ 30m of liquidity in 2021 and 2022.
• The refinancing plus the cash on hand position Golden Star for the repayment of the 7% convertible debentures maturing in Ağustos 2021 (the “Convertible Debentures”). This deleveraging event will further strengthen the Company’s balance sheet and deliver a lower cost of capital.
• In-mine exploration continued to deliver positive drill results adjacent to the current and planned reserve mining areas, with infill drilling now underway aimed at identifying mineral resources by the year end.

Tablo 1 - Q2 2021 Performans Özeti (Aksi belirtilmedikçe Devam Eden İşlemler)

Andrew WrayGolden Star'ın İcra Kurulu Başkanı şunları söyledi:
“Our primary objectives for H1 2021 were to continue positioning the business for future production growth, as well as to be able to address the repayment of the $ 51.5m Convertible Debentures in Ağustos 2021. With the increase in the cash position to $ 72.7m during the quarter and the successful refinancing of the Macquarie Credit Facility, we now have adequate liquidity to be able to cash settle the Convertible Debentures on maturity.

Following the recent revision of our 2021 guidance, our key operational focus is the completion of the commissioning of the paste fill plant by the end of the year. Recent paste strength test work has yielded positive results and supports the advancement of a second test stope during Q3 2021. We will issue further updates through H2 2021 as we progress towards our target of production from secondary stopes in 2022.

While the paste fill test work progresses, we are also continuing to make operating changes aimed at unlocking further improvements in development rates in order to improve the operational flexibility. This work enabled the decline development to reach the 495 level during the quarter. This milestone was critical in providing the operations with more flexibility – this opens up the new production areas needed to provide access to the primary stopes that were originally planned for 2022 and are now being brought forward to partially replace the secondary stopes that were deferred as a result of the ongoing paste fill strength test work.

The step up in the investment in exploration in 2021 is yielding positive results, particularly the in-mine program where we are now reallocating resources from regional targets to carry out additional in-fill drilling to delineate resource in targets proximal to existing and planned reserve infrastructure.

As we go into H2 2021, the repayment of the convertible debenture represents another significant step in the restructuring and strengthening of our balance sheet while the operational focus on full commissioning of paste fill activities and consistent delivery of the increased development metres will return the operation to where we planned it to be to deliver further growth in 2022 and beyond.”

2 2021. Çeyrek SONUÇLARI WEB YAYIN VE KONFERANS GÖRÜŞMESİ
Şirket, 2 yılının 2021. çeyreğine ilişkin sonuç konferans görüşmesi ve web yayını gerçekleştirecektir. Perşembe Temmuz 29, 2021 at 10.00:XNUMX ET.
Ücretsiz (Kuzey Amerika): +1 888 390 0546
Toronto Yerel ve Uluslararası: +1 416 764 8688
Ücretsiz (İngiltere): +0800 652 2435
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Webcast: https://produceredition.webcasts.com/starthere.jsp?ei=1477518&tp_key=0b1e14f35e
Konferans görüşmesinin ardından, Şirketin web sitesinde şu adreste bir kayıt bulunacaktır: www.gsr.com.

ÖNEMLİ OLAYLAR - Q2 2021

Wassa Operasyonel Performans ve Altyapı Yatırımı

• The mining rate averaged 3,963 tonnes per day (“tpd”) in Q2 2021, representing a 10% decrease on the 4,418tpd achieved in Q2 2020 and 12% lower than the mining rate of 4,499tpd achieved in Q1 2021 driven predominantly by an enforced change in the mine plan due to stoping constraints caused by lower than planned development rates.
• Underground mined grade averaged 3.1g/t, in line with the underground reserve grade of 3.1g/t and 4% higher than the grade achieved in Q1 2021.
• Processing of low-grade stockpiles continued during Q2 2021, given the continued strength of the gold price. This initiative, which utilizes latent capacity in the process plant without compromising gold recovery rates, contributes additional cash flow, albeit at a slightly higher AISC than achieved by the underground mine. This initiative contributed 5koz of production during Q2 2021.
• Madencilik oranlarını artırmak amacıyla ek madencilik esnekliği sağlamak için altyapı yatırımları 2'in 2021. çeyreği boyunca devam etti. Wassa'daki sermaye harcamalarının toplamı $ 12m during Q2 2021, including capitalized drilling of $ 1.9m.
• Operational improvements and recruitment of additional jumbo operators has seen an increase in development rates over the second half of the quarter, with June seeing rates in line with plan and representing a 15% increase compared to 2020. During the quarter, decline development reached the 495-level, access and level development has commenced bringing on new development and production areas into the mine plan for H2 2021. These stopes were originally planned for 2022 and will be brought forward to replace some of the secondary stope material delayed due to the delay in the completion of the paste plant commissioning process.

Doldurma Devreye Alma Güncellemesini Yapıştır

• The Paste fill plant commissioning process started in Q1 2021, following the completion of the plant construction in Q4 2020. As previously announced, the commissioning was delayed by some quality assurance testing returning lower than expected fill strengths in the test stope in Nisan 2021.
• As a result, the test work program has been extended. The Company is working in collaboration with Minefill Services and the University of Mines and Technology in Tarkwa, Gana. Core samples for the initial test stope have been obtained and are being tested in parallel with further test work on the mix design. Additional samples have now arrived in Avustralya for confirmatory testing and mix design test work. Recent test results, particularly at a higher cement content of 7-10%, have shown results that support progression of the commissioning process onto filling of a second test stope.
• The second test stope has been identified and is currently progressing through the production phase ahead of filling, which is anticipated to occur during Q3 2021. The stope will be tested with a 10% cement blend for maximum fill strength, while off-site mix design optimization and test work continue. Should this test work return satisfactory strength results, as expected, the Company anticipates re-commencement of the filling schedule in Q4 2021 allowing for production from secondary stopes, as previously planned, in 2022.

KOVİD-19 PANDEMİSİ

• Gana 19'in 2. çeyreğinde COVID-2021 vakalarında hafif bir artış yaşandı. Wassa madeninin bulunduğu Batı Bölgesi'nde toplam 5,953 pozitif vaka doğrulandı ve bunların 23'ü aktif vakaydı. Haziran 30, 2021, an improvement over the previous quarter. During Q2 2021, Wassa experienced 10 suspected COVID-19 cases with six confirmed cases and two pending results as at quarter end.
• During 2021, the COVID-19 pandemic has impacted the availability of our expatriate operators. This resulted in lower than planned development rates being achieved, as reported in the Q1 2021 results and the recent paste fill plant commissioning update. The Company is investing in additional resources and has made changes to our operating structures to mitigate the ongoing impact of the COVID-19 pandemic on development rates.
• Supply chains for the shipment of dore to the refinery and for the key consumables, including cyanide, lime, grinding media, fuel, and lubricants, have remained intact throughout the pandemic. All supply chains are being continually monitored and alternative suppliers have been identified for essential supply chains.

Güvenlik ve sağlık

• In Haziran 2021, two employees at the Wassa mining operations suffered minor injuries. Both employees are undergoing medical treatment and review with diagnoses of potential for full recovery. Reflecting these incidents, the all-injury frequency rate (“AIFR”) of the continuing operations as at Haziran 30, 2021 çalışılan milyon saat başına 2.91 aylık hareketli ortalamaya göre 0.97 ve toplam kaydedilebilir yaralanma sıklık oranı (“TRIFR”) 12 oldu. Bu, şu anda devam eden operasyonlarda AIFR'nin 3.57 ve TRIFR'nin 0.54 olmasıyla karşılaştırılıyor. Haziran 30, 2020.

Restructuring and Upsizing of the Macquarie Credit Facility

• On Mayıs 31, 2021, the Company announced the restructuring and upsizing of the Macquarie Credit Facility to a three-year RCF. The capacity of the RCF has been upsized by $ 20 milyon için $ 90 milyon, which created $ 30 milyon of liquidity over and above the drawn balance of $ 60 milyon.
• The restructuring also removed the $ 5 milyon quarterly capital repayment amortization profile which was due to come into effect in Eylül 2021 if the Macquarie Credit Facility was fully drawn, or Mart 2022 if the current $ 60 milyon drawn amount was sustained. Therefore, this released a further $ 10 milyon of liquidity in 2021 and $ 20 milyon 2022 içinde.
• The capacity of the RCF will remain at $ 90 milyon için Haziran 30, 2023, when it steps down to $ 50 milyon until maturity on Haziran 30, 2024. The term of the RCF and the step down in the capacity will be reviewed annually and could be further extended, subject to the successful conversion of mineral resources to mineral reserves through the planned infill drilling program.

Gold Hedges

• As a condition of amending the Macquarie Credit Facility, the Company extended its gold price protection hedging program into the first half of 2024 by entering into zero cost collars with Macquarie Bank on an additional 84,375 ounces.
• This brought the total hedged position to 150,000 ounces as at Haziran 30, 2021, maturing at a rate of 12,500 ounces per quarter from Eylül 30, 2021 için Haziran 30, 2024.
• The hedging program now covers 25-30% of the forecast production during the current term of the RCF. All hedges have a floor of $1,600/oz ve ortalama tavan $2,171/ oz 2021 ve $2,179/oz in 2022, and a flat ceiling of $2,1152023 ve 2024'te /oz.

Piyasa Sermayesi Programında

• On 28 Ekim 2020, the Company entered into an at-the-market equity distribution program (the “ATM Program”) with BMO Capital Markets Corp. (“BMO”) relating to Golden Star common shares pursuant to a sales agreement (the “Sales Agreement”). In accordance with the terms of the Sales Agreement, the Company may distribute shares of common stock having a maximum aggregate sales price of up to $ 50 milyon from time to time through BMO as agent for the distribution of shares or as principal. The proceeds from the ATM Program will be used for discretionary growth capital at Wassa, exploration, general corporate purposes and working capital.
• Satış Sözleşmesi kapsamında toplam 4,220,213 adet hisse senedi satışı gerçekleştirildi. Haziran 30, 2021net gelir elde etmek $ 13.8m, Bunun $ 5.2m was generated in Q2 2021.

Yönetim Kurulu Değişiklikleri

• Karen Akiwumi Tanoh ve Gerard De Hert were elected as directors of the Company at the annual general meeting on Mayıs 6, 2021 ("AGM"). Robert Doyle retired as a director of the Company after the AGM in line with Golden Star’s board of directors (the “Board”) mandate of a maximum term limit of 10 years for directors. Mona Dörtlüsü replaced Mr. Doyle as chair of the audit committee of the Board.

Prestea'nın Satışı - Ertelenmiş Değerlendirme Değişiklik Sözleşmesi

• On Eylül 30, 2020, the Company completed the sale of its 90% interest in Prestea to Future Global Resources Limited (“FGR”) pursuant to a share purchase agreement (the “SPA”) for the sale by Golden Star’s wholly owned subsidiary, Caystar Holdings (“Caystar”), and the purchase by FGR of all the issued and outstanding share capital of Bogoso Holdings (“Bogoso”), the holder of 90% of the shares of GSBPL, for a deferred consideration of $ 34.3 milyon guaranteed by Blue International Holdings (“BIH”), a major shareholder of FGR, which, prior to the amendments to the SPA as described below, was payable by FGR to Golden Star in the following tranches:
• $ 5 milyon in cash to be paid on the earlier of (i) the date at which FGR puts in place a new reclamation bond with the Environmental Protection Agency of Gana (the “EPA”) in relation to Prestea, and (ii) 30 Mart, 2021 ;
• $ 10 milyon in cash and the net working capital adjusted balancing payment (as described in the SPA) which as at the date hereof amounts to approximately $ 4.3 milyon, to be paid on Temmuz 31, 2021; Ve
• $ 15 milyon nakit olarak ödenecek Temmuz 31, 2023.

SPA Değişiklikleri

• On 28 Mart, 2021 , the Company and Caystar, entered into an agreement with FGR and BIH, to amend the SPA to account for deferred consideration conditions. The staged payments that form the deferred consideration, as outlined in the SPA, were reprofiled such that (i) the $ 5 milyon that was originally due on 30 Mart, 2021 and (ii) the $ 10 milyon that was originally due on Temmuz 31, 2021, each became payable on Mayıs 31, 2021.
• On Mayıs 31, 2021, the Company and Caystar, entered into a second amending agreement with FGR and BIH, to further amend the SPA. The staged payments that form the deferred consideration were reprofiled to allow time for FGR to complete ongoing financing transactions and the environmental bonding process for Bogoso-Prestea. Pursuant to this second amendment to the SPA, the deferred consideration payments fall due as follows:
• the $ 15 milyon vadesi gelen ödeme Mayıs 31, 2021 must be paid by no later than Temmuz 16, 2021; Ve
• yaklaşık bir miktar $ 4.6 milyon (yaklaşık olarak işletme sermayesi dengeleme ödemesinden oluşur) $ 4.3 milyon ve yaklaşık ücretler $ 0.3 milyon Caystar tarafından FGR'ye tarihli bir geçiş anlaşması uyarınca sağlanan hizmetler için Eylül 30, 2020) must be paid by no later than Temmuz 31, 2021.
• As of the date hereof, FGR has defaulted on its obligation to pay Caystar $ 15 milyon en geç Temmuz 16, 2021. FGR has claimed that it is entitled to set-off its obligation to make such payment under the SPA, as amended, as a result of various alleged breaches of the SPA, a claim which Golden Star and Caystar believe to be completely without merit. Caystar has also demanded that FGR pay the amount of $ 15 milyon pursuant to the guarantee made by BIH in the SPA. In the event payment is not received from BIH, Golden Star and Caystar are evaluating all available avenues of recourse in order to seek full recovery of amounts owed by FGR under the SPA.

Kıdem Tazminatı

• On Eylül 15, 2020, certain employees of Golden Star (Bogoso/Prestea) Limited, which subsequently changed its name to FGR Bogoso Prestea Limited (“FGRBPL”) initiated proceedings before the courts in Gana, claiming that the completion of the transaction contemplated by the SPA would trigger the termination of their existing employments, entitling them to severance payments (the “Severance Claim”). Caystar exercised its right under the SPA to assume control of the Severance Claim and legal counsel was retained on behalf of FGRBPL to defend the claim. No employment contracts were severed, amended or modified upon the completion of the sale transaction on Eylül 30, 2020 and FGRBPL (owned by FGR since Eylül 30, 2020) continued to operate with existing employment contracts and contractual terms being honored.
• On Eylül 22, 2020, FGRBPL filed an application in court for an order striking out the plaintiffs’ statement of claim for lack of standing or capacity and disclosing no reasonable cause of action. On Şubat 16, 2021, the court ruled in favor of FGRBPL that the plaintiffs’ pleadings disclosed no reasonable cause of action and were therefore frivolous, vexatious, and scandalous. Accordingly, the plaintiffs lacked the requisite standing or capacity to institute the action.
• On 26 Mart, 2021 , the plaintiffs filed a notice of appeal. As of the date hereof, the record of appeal is being transmitted from the High Court of Gana to the Court of Appeal of Gana. Notwithstanding the foregoing, FGR has entered into a settlement agreement with the plaintiffs in respect of the Severance Claim and it is not certain how such settlement by FGR will impact the pending appeal proceedings.

Enerji Yönetimi ve İklim Değişikliği

• A business-wide energy review was conducted at Wassa in Haziran 2021 in the first stage of updated energy management planning at the business following the successful commissioning of the Genser natural gas power station. The review marks the first stage in establishing a baseline for the operation’s proposed new energy mix. Evaluation of the identified energy opportunities will inform management on the marginal abatement cost curve for the business and in turn potential energy efficiency improvement, emission reduction and cost savings to be realized. These and other initiatives form part of the wider climate change management strategy of the Company.

Golden Star Oil Palm Plantations yatırımı Kraliyet Altın

• On 20 Nisan 2021, Golden Star Oil Palm Plantations Limited (“GSOPP”), a wholly-owned non-profit subsidiary of the Company, and RGLD Gold AG (“RGLD”), a wholly-owned subsidiary of Kraliyet Altın, Inc. ("Royal Gold"), aşağıdakileri sağlayan bir anlaşmaya girmiştir: Kraliyet Altınları investment in the oil palm plantations initiative, Golden Star’s award-winning flagship sustainability project.
• In consideration of the long-standing relationship with the Wassa mine, and by extension the Wassa operation’s host communities, Kraliyet Altın GSOPP'nin Wassa operasyonel topluluklarına fayda sağlayan faaliyetlerine, yıllık katkı payı ile mali destek sağlamayı taahhüt etmiştir. $150,000 önümüzdeki beş yılın her birinde. Kraliyet Altın ilk katkısını yaptı $150,000 içinde GSOPP'ye Nisan 2021. Yatırım, şirketin sürdürülebilir alternatif geçim kaynakları yaratmayı, bölgeye ek ekonomik canlandırma ve bir topluluk kalkınma mirası getirmeyi amaçlayan yenilikçi sürdürülebilirlik girişiminin gelişimini hızlandırmak için kullanılacaktır. Gelirler, Wassa çevresindeki palmiye yağı plantasyonlarının daha da geliştirilmesini ve ayrıca aşağı akış işleme fırsatlarının değerlendirilmesi dahil olmak üzere GSOPP'yi büyütme faaliyetlerini destekleyecektir.
• GSOPP is Golden Star’s flagship sustainability and social enterprise initiative. It develops and operates oil palm plantations in communities proximate to the Company’s gold mining operations, located in the Western Region of Gana, for the benefit of members of the host communities. The program commits to ensuring that there is zero deforestation during the creation of a high value agribusiness on former subsistence farms and land that has previously been used for mining activities. Since its inception in 2006, GSOPP has developed plantations on over 1,500 hectares of land, which support over 700 families at levels of yield three times the small holder average in Gana. The activities of GSOPP also align with the Company’s wider sustainability goals of establishing high value post-mining land uses, self-funding revegetation and creation of biomass to act as a carbon sink to offset operational emissions.

2020 Kurumsal Sorumluluk Raporu

• Şirket, 2020 Kurumsal Sorumluluk Raporunu 30 Nisan 2021. Rapor, Küresel Raporlama Girişimi Standartları (Temel seçenek), Birleşmiş Milletler Küresel İlkeler Sözleşmesi raporlama gereksinimleri ve Sürdürülebilirlik Muhasebe Standartları Kurulu'nun (“SASB”) Metaller ve Madencilik Sürdürülebilirlik Muhasebe Standardı'na uygun olarak hazırlanmıştır. Rapor ve bir ESG yatırımcı sunumu, Şirketin web sitesinde şu adresten edinilebilir: www.gsr.com/responsibility.
• Raporda öne çıkan önemli noktalar şunlardır:
• COVID-19 salgınının yönetimindeki önde gelen uygulamalar, üretim üzerinde minimum etkiye neden oldu ve daha da önemlisi, COVID-19 için hiçbir can kaybı olmadı ve iş gücü genelinde sınırlı ciddi sağlık sonuçları oldu.
• Sustained improvement in injury frequency rates across the Company was marred by a fatal incident at Prestea in Mart 2020.
• Wassa, bölgedeki en güvenli maden olarak kabul edildi. GanaGana Madencilik Endüstrisi Ödülleri'nde iş sağlığı ve güvenliği alanında En İyi Performans Gösteren Ödülü'nü aldı.
• Golden Star continues its leading practice performance in malaria prevention, with 2020 recording the lowest case rates and days lost to malaria on Company record.
• Şirket, yasal izleme programı gerekliliklerine% 100 uyum sağladı ve ilgili kalite standartlarına% 99'un üzerinde uyum sağladı.
• Kapsayıcılık ve Çeşitlilik Politikamızla uyumludur. Mart 2020Şirket, yüksek yerel içerik oranını sürdürdü ve işgücünün% 99'u Gana Ganalı vatandaşlar ve işgücünün% 59'u yerel ev sahibi topluluklardan geliyor.

2021 TAM YILI ÜRETİM, MALİYET VE SERMAYE HARCAMALARI REHBERİ

As previously highlighted in the Q1 2021 results press release, the commissioning process for the new paste fill plant returned lower than expected strength test results in the first test stope. This outcome resulted in a delay to the commissioning process. Further test work and analysis is being carried out to ensure that the paste plant produces material at the required strength to enable safe mining operations and successful pillar extraction.

This test work is ongoing and positive progress has been made, with the most recent strength test results more aligned with the design parameters. A second commissioning test stope has been identified and will be completed in Q3 2021. This will be tested with a higher cement content at 10%, and, should it meet the required design strength requirements, as expected, then filling can recommence in Q4 2021.

The delay to the completion of commissioning of the paste plant impacts 21% of the Company’s planned ore tonnes for 2021. This impact has been exacerbated by the lower than planned development metres primarily due to operator availability caused by issues related to the COVID-19 pandemic. The resolution of both issues is on track for completion in 2021. However, resequencing the mine plan for the remainder of the year means that the volume of ore available will be lower and at a slightly lower grade than initially planned due to the deferral into 2022 of the higher-grade secondary stopes.

As a result, production guidance for 2021 has been reduced to 145koz to 155koz, and the AISC guidance range has increased to $1,150/ oz için $1,250/oz, which is driven predominantly by lower production volumes and anticipated cost inflation.

The capital expenditure guidance range is unchanged at $ 45 milyon için $ 50 milyon. While the overall budget is consistent, the sustaining capital guidance has been increased due to the increased investment in development and the tailings storage facility (“TSF”) expansion project. The expansion capital guidance has been reduced with some ventilation capital deferred from Q4 2021 to early 2022. This deferral is not expected to have an impact on the short to mid-term mine plans.

The $ 14 milyon exploration budget for the year is broadly in line with the previous guidance, albeit with an increase in the allocation of spend to the up-dip and down-dip, in-mine, drilling targets that have delivered positive results so far this year.

Table 2: FULL YEAR 2021 Production and Cost Guidance

KONSOLİDE OPERASYONEL SONUÇLARIN ÖZETİ - Q2 2021

Wassa Operasyonel Genel Bakış

Gold production from Wassa was 37.9koz in Q2 2021, 15% lower than the 44.8koz produced during Q2 2020. This decrease was driven by slower than planned development rates, which resulted in lower underground ore tonnes. The lower mined volumes were in part offset by higher processing volumes driven by low-grade stockpile tonnes which had an adverse impact on the overall processed grade.

Tedavi Süreci

The recovery was 95.5% for Q2 2021, remaining consistent with Q1 2021, and demonstrating robust performance despite the volume of low-grade stockpiles processed in the period.

Wassa Yeraltı

üretim – The Wassa underground mine (“Wassa Underground”) produced 33.3koz of gold (approximately 88% of Wassa’s total production) in the second quarter of 2021. This compared to 42.4koz produced in Q2 2020 which was a strong comparative period with both higher mining rates and grades.

Madencilik oranı – Wassa Underground mining rates averaged 3,963tpd in Q2 2021, 10% lower than the mining rate of 4,418tpd achieved in Q2 2020 and 12% lower than the 4,499tpd achieved in Q1 2020. The reduction in the mining rate resulted from an enforced change in the mine plan due to stoping constraints caused by lower than planned development rates.

sınıf – The underground grade averaged 3.1g/t during the quarter, slightly higher than achieved in Q1 2021 and in line with the reserve grade.

Wassa Ana Çukuru/ Stok yığınları

Low grade stockpiles from the Wassa main pit of 216.0kt with an average grade of 0.66 g/t were blended with the Wassa Underground ore during Q2 2021 which yielded 4.7koz of gold, compared to 2.4koz in Q2 2020. There has been no material impact on recoveries and the Company will continue to opportunistically process low grade stockpiles in 2021 should the current gold price environment continue.

Birim maliyetleri

Birim maliyet performansı, 2'in 2021. çeyreğinde güçlü kalmıştır. $40.3/t of ore mined was 29% higher than in Q2 2020 as a result of the lower mining rate. Higher plant throughput as a result of the increased volume of low-grade stockpile material treated benefited processing costs which totaled $16.1/t of ore processed, some 8% lower than the $17.5/t 2'in 2020. çeyreğinde elde edildi.

Ons başına maliyet

Ons başına satış maliyeti% 21 artarak $1,033/oz for Q2 2021 compared to Q2 2020 due to lower production volumes, increased mine operating costs and increased depreciation costs, which was in part offset by the operating costs to metal inventory credit.

Ons başına nakit işletme maliyeti% 19 artarak $752 2 2021. Çeyreği ile 2 2020. Çeyrek için aşağıdakilerden dolayı:

• Lower production volumes translating into lower sales ounces
• Higher underground mining costs associated with increased grade control drilling
• Yıllık enflasyon artışlarından kaynaklanan yüksek işçilik maliyetleri
• Increased fuel costs as Q2 2020 benefited from a temporary government subsidy (COVID-19 related) on power costs that has not continued into the current period

AISC %23 artışla $1,182/oz 2'in 2021. çeyreğinde, 2'nin 2020. çeyreğine kıyasla aşağıdakilerin bir kombinasyonu nedeniyle:

• Daha düşük üretim ve satış hacimleri
• Increased cash operating costs as outlined above
• Daha yüksek sürdürülebilir sermaye harcaması
• Increased higher cost stockpile tonnes processed

Sermaye harcamaları
Wassa'da 2'in 2021. çeyreğine ilişkin sermaye harcamalarının toplamı $ 12mWassa yönetim ekibi, yer altı operasyonunun orta vadeli büyümesini desteklemek için, 2 yılının ilk çeyreğindeki harcamalarla uyumlu olarak çabalarını kritik geliştirme harcamalarına odaklamaya devam etti:

• Sustaining capital on capitalized underground development activities of $ 3.6m (2. Çeyrek 2020: $ 3.8m) and expansion of the TSF of $ 3.3m (Q2 2020: $ nil).
• Büyük harfle yazılan arama sondajı $ 1.9m (2. Çeyrek 2020: $ 0.1m) mainly related to the Wassa up-dip and down-dip extensions, development costs for increased future production of $ 0.8m (2. Çeyrek 2020: $ 0.8m) and diamond drilling decline on 570 Level of $ 0.7m (Q2 2020: $ nil) where two drill rigs were focused on inferred to indicated resource conversion to the south of the existing reserves in the area covered by the preliminary economic assessment (the “PEA Area”) included in the Wassa Technical Report.
• $ 3.7m salça dolum tesisi projesinin 2 yılının 2021. çeyreğinde devreye alınmasından kaynaklanmıştır.

Wassa yeraltı dolgu sondajı
For Q2 2021, the Wassa Underground drilling program completed 20,906 metres of diamond core drilling, for a total drilling and assay cost of $ 2.9m dönem için.

Initially, three underground drill rigs focused on converting existing indicated resources to measured resources inside the mine. An additional two drills focused on converting inferred resources to indicated resources in the PEA Area. By mid-May, the drilling activities changed focus, with all five drills converting indicated resources to measured resources inside the mine.

• Reserve infill drilling – The Q2 2021 resource infill drilling program focused on the conversion of indicated resources to measured resources, with a total of 16,661 metres drilled in Q2, for a total cost of $ 2.2m. This program is expensed and is anticipated to reach approximately 44,000 metres by year end.
• Infill drilling of the Southern Extension (PEA Area) – During Q2 2021, the program focused on the conversion of inferred resources to indicated resources in Panel 4. Drilling totaled 4,245 metres for a cost of $ 0.7m. This program is capitalized and is expected to total around 30,000 metres during 2021. This drilling takes place from the 570 diamond drill decline.

KEŞİF

2 2021. Çeyrek sırasında, $ 3.3m was invested in exploration at Wassa and the regional Hwini Butre and Benso (“HBB”) concessions, of which $ 1.9m Wassa maden araması aktifleştirildi ve bakiyesi $ 1.4m masraf edildi.

Wassa - Maden arama
During Q2 2021, three surface drill rigs continued the testing of targets down-dip of the existing Wassa reserve. The first phase of drilling on an initial 200 metre spaced fences was completed towards the end of the quarter and has been followed by in-fill drilling to reduce the spacing of the initial program to 100 metres and 50 metres for down-dip and up-dip programs respectively, in areas where results have shown extensions of the mineralization of known resources. A total of five holes were completed for 4,827 metres during Q2 2021, bringing the year-to-date drilling to 11,175 metres.

Aşağıdaki tablo, 2 2021. Çeyrek sırasında Wassa'da yapılan keşif sondajının sonuçlarının bir özetini sunmaktadır:

Tablo 3: Q2 2021 Arama Sondaj Sonuçları Wassa Yeraltı Cevherleşmesinin Uzantılarını Belirliyor

Down-dip infill drilling to reduce drill fence spacing to 100 metres is expected to continue in Q3 2021 between sections 19200N and 20000N. The results gathered during Q2 2021 included the following highlights:

• BSDD21-008 (down-dip) on section 20075N, intercepting 9.3 metres at 4.71g/t, which is in line with the western limb extension of the 242 mineralized structure and will require further follow up drilling.
• BSDD21-007M (down-dip) intercepting 17.3 metres at 4.77 g/t, This intersection is further confirmation that the B Shoot Hanging Wall mineralization extends along strike of the current reserve therefore warranting further drilling down-dip.
• BSDD21-007D1 (down-dip) intercepting 6.9 metres at 2.65 g/t c.50 metres down dip of BSDD21-007M, which intersected 17.3m grading 4.77 g/t. Further step-out drilling will be required to test down-dip extension of mineralization below the existing reserve as there is no deep drilling to the west of the current drill hole.

Exploration programs for Q3 2021 are planned to continue with infill drilling of the up-dip and down-dip extensions of mineralization, reducing the initial 200-metre spacing to 100 metres for the down-dip program and 50 metres for the up-dip program. The down-dip infill program will focus between 19400N and 2000N, where zones of mineralization have been intersected. The up-dip follow up program designed to close-up drill spacing to 50 metres will be conducted from 19150N to 19250N. This tighter drill spacing has been plann-ned around the significant intersection on section 19200N, BSDD20-003 which intersected 20.9 metres grading 6.9 g/t. Should the closer drill spacing on this target continue to intersect significant widths and grades, then additional resources close to the existing underground infrastructure could be added.

Wassa - Madene yakın keşif

The diamond (“DD”) and reverse circulation (“RC”) drill testing of three additional targets outside of the main Wassa deposit, commenced in Q2 2021. These targets, testing extensions of mineralization beneath the mined and back-filled open pits of South Akyempim (“SAK”), Mid East (“ME”) and Dead Man Hill (“DMH”) and are outside of the forest reserve and required no forest entry permitting to conduct exploration work. Meanwhile, an application for a forest entry permit has been submitted to the Ministry of Lands and Natural Resources of Gana to conduct follow up drilling on the remaining four targets inside the forest reserve. Planned first phase drilling (RC/DD) at ME and DMH have completed with drilling currently ongoing at SAK. A total of seven holes were drilled for 2,394 metres during Q2 2021. In addition to the RC and DD on other targets, initial air core drilling of a soil anomaly south east of the Wassa trend was also conducted with 59 holes totaling 2,365m being completed.

Table 4: Q2 2021 Exploration Drilling Results – Wassa Near-Mine

Drilling beneath the mined out pits of ME and SAK generally intersected mineralized structures at target areas as projected but at weaker grades beyond existing drilling. Follow up drilling will be designed after comprehensive evaluation of the results for the first phase drilling which will be completed in Q3 2021.

HBB - Bölgesel keşif

Exploration work testing 11 prioritized targets along the HBB trend continued in Q2 2021. Community sensitization and crop compensation have been completed for four of the southern targets. Air core drilling was successfully undertaken at four of the target areas, namely Seikrom, Guadium, Kwahu and Abada South, with a total of 125 holes for 4,902 metres being completed. Drilling and crop compensation negotiations, as well as drill pad and access construction for the remaining targets, are ongoing. Line cutting ahead of the ground geophysics programs has progressed well and the geophysics crews are scheduled to arrive in Q3 2021.

Table 5: Q2 2021 Exploration Drilling Results – Regional Exploration – HBB

Though the geometry of the mineralized trends is yet to be determined, initial results from the air core program have been encouraging with strong targets for follow up being generated. The highlights include:

• GUAAC21-024 (Guadium) on section 46225N, testing >200ppb gold in soil anomaly, intercepted 21.0 metres at 4.85g/t at surface. Follow-up drilling will be designed to test the down-dip and strike extensions of the intersection.
• KWHAC-002 (Kwahu) on section L3, intercepting 6.0 metres at 4.98 g/t, drilled c.35m below BERB443, on same section, which intersected 5.0 metres at 4.0g/t. This intersection is further confirmation of the down-dip extension of the mineralized structure at Kwahu, which remains open.

FİNANSAL PERFORMANS ÖZETİ

Please refer to the Company’s condensed interim consolidated financial statements and related notes for the three and six months ended Haziran 30, 2021 and related Management’s Discussion and Analysis for the detailed discussion on the financial results for the three and six months ended June 30, 2021.

tablo 6 - Financial Performance Summary (continuing operations) – Three and six months ended Haziran 30, 2021

2 2021. Çeyrek Finansalları Tartışması

• Gerçekleşmiş altın fiyatı – Including the unwinding of the deferred revenue from the streaming agreement with RGLD Gold AG (the “RGLD Streaming Agreement”), the realized gold price averaged $1,709/ oz. Spot satışlar için gerçekleşen altın fiyatı $1,807/ oz, 2 yılının ilk çeyreğinde, $1,713/ oz, 2'nin 2020. çeyreğinde elde edildi.
• Gelir ulaştı $ 64.4m 2'in üçüncü çeyreğinde, şundan %2021 daha düşük: $ 75.4m in Q2 2020 due to lower gold sales, in part offset by a 5% increase in the average realized gold price.
• Amortisman yükselmiştir $ 7.1m 2'in 2021. çeyreğine kıyasla $ 6.3m for Q2 2020 mainly due to the higher capital cost base following the completion of the infrastructure projects at the end of full year 2020. Depreciation is expected to continue at this elevated level and increase in line with the production rate.
• Kurumsal genel ve idari gider tutarında $ 4.2m 2'nin 2021. çeyreğinde $ 4.3m in the same period in 2020 and amounted to $ 9.2m for H1 2021 compared to $ 9.5m for the same period in 2020. The first four months in 2020 marked the relocation of the corporate office from Toronto, Kanada için Londra, Birleşik Krallık resulting in the Company incurring one-off associated costs. The reduction in staff costs, travel, consulting fees and recruitment costs in 2021 is partly offset by higher insurance costs.
• Loss on fair value of derivative financial liabilities ulaştı $ 0.7m 2'in 2021. çeyreğinde buna şunlar dahildir:
• Riskten – During Q2 2021, a number of the original hedge contracts matured with no realized losses associated with the contracts during Q4 2020, however, the Company recognized an unrealized loss of $ 0.9m during the quarter. At the end of Q2 2021, these zero cost collars consist of puts and calls on 150koz maturing at a quarterly rate of 12.5koz. All hedges have a floor of $1,600/oz ve ortalama tavan $2,171/ oz 2021 ve $2,1792022'de /oz ve düz tavan $2,1152023 ve 2024'te /oz.
• %7 Dönüştürülebilir Tahviller – A gain of $ 0.2m was recorded during the quarter. The Convertible Debentures mature in Ağustos 2021 ve Şirket, krediyi mevcut nakit ve mevcut likiditesini kullanarak geri ödemeyi planlamaktadır.
• FAVÖK (bkz. “GAAP Dışı Mali Tedbirler”) devam eden faaliyetlerden elde edilen tutar: $ 7.6m 2'in 2021. çeyreği için (2'nin 2020. çeyreği) $ 35.2m).
• Düzeltilmiş FAVÖK ulaştı $ 26m, representing a decrease of 28% compared to Q2 2020. The decrease in Adjusted EBITDA was primarily due to lower production volumes resulting in lower revenues, increased mine operating costs and increased exploration expenses. The adjustments applied include:
• The loss on fair value of financial instruments of $ 0.7m
• Diğer giderler $ 17.7m. This is mainly comprised of a non-cash loss allowance recognized on the deferred consideration for the sale of Prestea of $ 17.4 milyon was recognized in Q2 2021
• Golden Star hissedarlarına atfedilebilen düzeltilmiş net gelir ("GAAP Dışı Mali Ölçüler" bölümüne bakın) $ 6.1m or $0.05 2 yılının ilk çeyreğinde hisse başına temel gelir $ 9.5m or $0.09 basic income per share in Q2 2020. This was impacted by the lower gold sales and a higher depreciation charge during the quarter. Adjusted net income attributable to Golden Star shareholders reflects adjustments for non-recurring and abnormal items which are mostly non-cash in nature, including:
• The loss on fair value of financial instruments of $ 0.7m
• Prestea'nın satışına ilişkin ertelenmiş bedel üzerinden zarar karşılığı $ 17.4m
• Working capital and taxes paid – The working capital balance increased during Q2 2021 resulting in a cash outflow of $ 5m. Ek olarak, $ 5.4m of income tax liabilities, relating to Q1 2021, were paid during Q2 2021.
• Yatırım faaliyetleri - Yatırım faaliyetlerinde kullanılan toplam net nakit $ 10.4m aşağıdaki nakit akışlarını içerir:
• Sermaye harcamaları $ 12.2m
• Ödenecek hesaplarda değişiklik ve maden ekipmanı ve malzeme üzerindeki depozitolar $ 1.8m which relates to an increase in accruals for capital investments during the quarter
• Finansman faaliyetlerinden elde edilen net nakit ulaştı $ 4.2m. Buna $ 5.2m of net proceeds from the ATM Program received during the quarter.
• Serbest nakit akışı - 2'in 2021. çeyreğinde devam eden operasyonlar, $ 2.4m of free cash flow, despite the significant working capital outflow during the quarter of $ 10.3m and capital investment of $ 12.2m.

Finansal pozisyon

Şirket düzenledi $ 72.7m nakit ve nakit benzerleri ve $ 103.7m net borç için $ 31m as at June 30, 2021. The net debt position improved by $ 8.5m 2'in 2021. çeyreğinde $ 6.6m increase in the cash position following the use of the ATM Program during the quarter. The table below summarizes the financial position of the Company:

tablo 7 - Finansal Durum - Üç ay sona erdi 31 Mart, 2021

Şirket Profili:

Golden Star, Wassa yer altı madeninin sahibi ve işletmecisi olan köklü bir altın madenciliği şirketidir. Gana, Batı Afrika. NYSE Amerika, Toronto Menkul Kıymetler Borsası ve Gana Menkul Kıymetler Borsası'nda işlem gören Golden Star, Wassa madeninden güçlü marjlar ve serbest nakit akışı sağlamaya odaklanıyor. Maden Arayıcıları ve Geliştiricileri Derneği'nin kazananı olarak Kanada 2018 Environmental and Social Responsibility Award, Golden Star remains committed to leaving a positive and sustainable legacy in its areas of operation.

İleriye Dönük Bilgilere İlişkin Beyanlar
Bu haber bülteninde yer alan bazı beyanlar, 1995 tarihli Özel Menkul Kıymetler Dava Reformu Yasası anlamında "ileriye dönük beyanlar" ve Kanada menkul kıymetler kanunları anlamında "ileriye dönük bilgiler"dir. Gana related thereto; the availability of mineral reserves based on the accuracy of the Company’s updated mineral reserve and resource models; planned drilling activities; the ability to convert mineral resources to mineral reserves through the planned infill drilling program; the potential to increase the Company’s mineral resources outside of its existing mineral resources footprint; the anticipated impact of increased exploration on current mineral resources and mineral reserves; identification of acquisition and growth opportunities; relationships with local stakeholder communities; and the potential incurrence of further debt in the future.. Genel olarak ileriye dönük bilgi ve beyanlar, "planlar", "beklentiler", "beklenen", "bütçe", "programlanmış", "tahminler", "tahminler" gibi ileriye dönük terminolojinin kullanılmasıyla tanımlanabilir. Belirli eylemlerin, olayların veya sonuçların "olabileceği", "olabileceği", "olabileceği", "olabileceği" veya “alınacak”, “meydana gelecek”, “elde edilecek” ya da bunların olumsuz çağrışımı. Yatırımcılar, ileriye dönük beyan ve bilgilerin doğası gereği belirsiz olduğu ve gerçek gerçeklerin önemli ölçüde farklılık göstermesine neden olabilecek riskler, varsayımlar ve belirsizlikler içerdiği konusunda uyarılmaktadır. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Golden Star will operate in the future. Forward-looking information and statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, performance or achievements of Golden Star to be materially different from those expressed or implied by such forward-looking information and statements, including but not limited to: gold price volatility; discrepancies between actual and estimated production; mineral reserves and resources and metallurgical recoveries; mining operational and development risks; liquidity risks; suppliers suspending or denying delivery of products or services; regulatory restrictions (including environmental regulatory restrictions and liability); actions by governmental authorities; the speculative nature of gold exploration; ore type; the global economic climate; share price volatility; the availability of capital on reasonable terms or at all; risks related to international operations, including economic and political instability in foreign jurisdictions in which Golden Star operates; risks related to current global financial conditions; actual results of current exploration activities; environmental risks; future prices of gold; possible variations in mineral reserves and mineral resources, grade or recovery rates; mine development and operating risks; an inability to obtain power for operations on favourable terms or at all; mining plant or equipment breakdowns or failures; an inability to obtain products or services for operations or mine development from vendors and suppliers on reasonable terms, including pricing, or at all; public health pandemics such as COVID-19, including risks associated with reliance on suppliers, the cost, scheduling and timing of gold shipments, uncertainties relating to its ultimate spread, severity and duration, and related adverse effects on the global economy and financial markets; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; litigation risks; and risks related to indebtedness and the service of such indebtedness. Golden Star, fiili sonuçların ileriye dönük bilgi ve beyanlarda yer alan sonuçlardan maddi olarak farklı olmasına neden olabilecek önemli faktörleri belirlemeye çalışsa da, sonuçların tahmin edildiği, tahmin edildiği veya amaçlandığı gibi olmamasına neden olan başka faktörler de olabilir. Şirketi etkileyen gelecekteki gelişmelerin yönetim tarafından tahmin edilenler olacağına dair hiçbir güvence verilemez. 31 Aralık 2020ve biten yıl için yıllık bilgi formumuzda 31 Aralık 2019 SEDAR'da dosyalandığı gibi www.sedar.com. Bu basın bülteninde yer alan tahminler, burada kapsanan konulara ilişkin olarak, bu basın bülteni tarihi itibariyle yönetimin mevcut tahminlerini oluşturmaktadır. Yeni bilgiler geldikçe bu tahminlerin değişeceğini umuyoruz. Bu tahminleri herhangi bir zamanda güncellemeyi seçebilsek de, belirli bir zamanda veya belirli bir olaya yanıt olarak herhangi bir tahminde bulunmayız.

Teknik Bilgiler

Bu basın bülteninin teknik içeriği, Ulusal Belge 43-101 uyarınca Nitelikli Kişi olan BSc Geology'den S. Mitchel Wasel tarafından incelenmiş ve onaylanmıştır. Bay Wasel, Golden Star Araştırma Başkan Yardımcısıdır ve Avustralasya Madencilik ve Metalurji Enstitüsü'nün aktif üyesi ve Kayıtlı Yeminli Uzmanıdır.

Burada belirtilen Wassa sondajına ilişkin sonuçlar, nominal bir metre aralıklarla örneklenen, testereyle bölünmüş HQ/NQ elmas yarı çekirdeğinin veya nominal 25 ila 30 kg'lık Ters Sirkülasyon çip örneğinin üç kilogramlık tek aşamalı oluklu bölünmesinin analizine dayanmaktadır. (mineralli yapılar için gerekli olduğu yerde ayarlanır). Numune hazırlama ve analizler, Golden Star'dan bağımsız olan Tarkwa'daki Intertek Laboratuvarlarında, hazırlanan ve hızlandırılmış siyanür liçine (LEACHWELL) tabi tutulan 1,000 gramlık numune ve musluk suyu bulamacı kullanılarak gerçekleştirilmiştir. Numune daha sonra çökelmeye bırakılmadan önce on iki saat boyunca yuvarlanır. Daha sonra çözeltinin bir kısmı alınır, Di-izo Butil Keytone'ye (DiBK) altın ekstrakte edilir ve alevli Atomik Absorbsiyon Spektrofotometrisi (AAS) ile belirlenir. Tespit Limiti 0.01 ppm'dir.

Tüm analitik çalışmalar sistematik ve sıkı bir Kalite Güvence-Kalite Kontrolüne (QA-QC) tabidir. Numunelerin en az %5'i sertifikalı standartlardır ve önerilen ve gerçek "standartlar" sonuçlarının karşılaştırılması yoluyla analizin doğruluğunun kabul edilebilir olduğu doğrulanır. Kalan yarım çekirdek, mineraloji, yapı, alterasyon modelleri ve altın cevherleşmesi kontrolleri hakkında değerli bilgiler sağlamak üzere gelecekteki incelemeler ve ayrıntılı kayıtlar için sahada depolanır.

GAAP Dışı Mali Önlemler

Bu basın bülteninde, "nakit işletme maliyeti", "ons başına nakit işletme maliyeti", "hepsi bir arada sürdürülebilirlik maliyetleri", "ons başına hepsi bir arada sürdürülebilirlik maliyetleri", "düzeltilmiş net (zarar)/atfedilebilir gelir" terimlerini kullanıyoruz "Golden Star hissedarlarına ait", "Golden Star hissedarlarına atfedilebilen hisse başına düzeltilmiş (zarar)/gelir", "işletme sermayesi değişiklikleri öncesinde faaliyetlerden sağlanan nakit" ve "hisse başına işletme sermayesi değişiklikleri öncesinde faaliyetlerden sağlanan nakit - temel".

Faaliyet beyanlarında bulunan "amortisman ve amortisman hariç satış maliyeti", madencilik maliyetleri, cevher işleme, bakım, işlem içi envanter değişiklikleri, maden sahası genel giderleri dahil tüm maden sahası işletme maliyetlerini içerir. üretim vergileri, telif ücretleri, kıdem masrafları ve yan ürün kredileri, ancak arama maliyetleri, mülk elde tutma maliyetleri, şirket ofisi genel ve idari giderleri, döviz kazançları ve zararları, varlık satışlarından elde edilen kazanç ve kayıplar, faiz giderleri, türevlerden kazanç ve kayıplar hariçtir. , yatırımlar üzerindeki kazanç ve kayıplar ve gelir vergisi gideri / kazancı.

“Ons başına satış maliyeti”, dönem için amortisman ve amortisman hariç satışların maliyeti artı dönem için amortisman ve amortismanın dönem boyunca satılan ons altın sayısına (satılan ticari üretim öncesi üretim onsları hariç) bölünmesine eşittir.

Bir dönem için “nakit işletme maliyeti”, dönem için “amortisman ve itfa hariç satışların maliyeti” eksi gayrimaddi hak bedelleri, metal envanterinin nakit bileşeni net gerçekleşebilir değer düzeltmeleri, malzeme ve sarf malzemeleri mahsup ve kıdem ücretleri ve ons başına işletme maliyeti ”, dönem boyunca satılan ons altın sayısına (satılan ticari öncesi üretim onsu hariç) bölünen miktardır. Ons başına nakit işletme maliyetini temel işletim ölçütü olarak kullanıyoruz. Bu ölçümü aylık olarak izliyoruz ve her ayın değerlerini önceki dönemlerin değerleriyle karşılaştırarak işletme verimliliğindeki artışları veya azalmaları gösterebilecek eğilimleri tespit ediyoruz. Bu önlemi yatırımcılara, Şirket madenlerinin operasyonel verimliliklerini de izlemelerine olanak sağlamak için sağlıyoruz. Bu ölçüyü hem bireysel işletim birimleri hem de konsolide bazda hesaplıyoruz. Nakit işletim maliyetleri, gelirleri, işletme sermayesindeki değişiklikleri veya işletme dışı nakit maliyetlerini kapsamadığı için, bunlar mutlaka UFRS kapsamında belirlenen faaliyet karı veya faaliyetlerden kaynaklanan nakit akışının göstergesi olmayabilir. Madencilik oranları, öğütme oranları, cevher tenörü, altın geri kazanımı, işçilik maliyetleri, sarf malzemeleri ve maden sahası genel ve idari faaliyetleri dahil ancak bunlarla sınırlı olmamak üzere çok sayıda faktördeki değişiklikler bu önlemlerin artmasına veya azalmasına neden olabilir. Bu önlemlerin diğer altın madenciliği şirketlerinin önlemlerine benzer olduğuna, ancak her durumda benzer başlıklı önlemlerle karşılaştırılamayabileceğine inanıyoruz.

“Her şey dahil sürdürme maliyetleri”, nakit işletme maliyetleriyle başlar ve ardından metal envanterinin net gerçekleştirilebilir değer ayarlamalarının, telif ücretlerinin, sermaye harcamalarının sürdürülmesi, kurumsal genel ve idari maliyetlerin (hisse bazlı tazminat giderleri ve kıdem tazminatı hariç) nakit bileşenini ekler ve rehabilitasyon hükmünün artırılması. Maden sahası all-in idame maliyetleri için, kurumsal genel ve idari maliyetler (hisse bazlı tazminat giderleri ve kıdem giderleri hariç), her operasyon tarafından satılan altına göre tahsis edilir. "Her ons başına sürekli devam ettirme maliyetleri", miktarın dönem boyunca satılan ons altın sayısına (satılan ticari üretim öncesi ons hariç) bölünmesiyle elde edilir. Bu ölçü mevcut operasyonlardan altın üretmenin toplam maliyetlerini temsil etmeyi amaçlamaktadır ve bu nedenle projelere veya maden genişlemelerine atfedilebilen sermaye harcamalarını, büyüme projelerine atfedilebilen araştırma ve değerlendirme maliyetlerini, gelir vergisi ödemelerini, faiz maliyetlerini veya temettü ödemelerini içermez. Sonuç olarak, bu önlem Şirketin tüm nakit harcamalarını temsil etmemektedir. Ayrıca, tümü bir arada sürdürme maliyetlerinin hesaplanması, önceki dönemlerde yapılan harcamaların etkisini yansıtmadığından amortisman giderini içermez. Bu nedenle, Şirketin genel karlılığının göstergesi değildir. Şirket, bu tür giderlerin özkaynak ve borca ​​dayalı ödüllerin fiili ödemesini temsil etmeyebileceğine inandığından, hisse bazlı tazminat giderleri de her şey dahil sürdürme maliyetlerinin hesaplanmasına dahil edilmemiştir.

Şirket, “her şey dahil sürdürülebilir maliyetlerin”, analistlerin, yatırımcıların ve Şirketin diğer paydaşlarının altın üretimiyle ilgili maliyetleri anlama, altın madenciliğinin ekonomisini anlama, işletme performansını ve Şirketin yeteneklerini değerlendirme konusundaki ihtiyaçlarını daha iyi karşılayacağına inanmaktadır. mevcut faaliyetlerden serbest nakit akışı sağlamak ve Şirket genelinde serbest nakit akışı sağlamak. Sektörün sermaye yoğun yapısı ve bu kalemlerin amortismana tabi tutulduğu uzun faydalı ömürler nedeniyle, UFRS'ye göre hesaplanan net kazançlar ile madenin ürettiği serbest nakit akışı miktarı arasında bir kopukluk olabilir. Altın madenciliği hisse senetlerine yönelik mevcut piyasa ortamında, pek çok yatırımcı ve analist, altın madenciliği şirketlerinin mevcut operasyonlarından serbest nakit akışı yaratma becerisine daha fazla odaklanıyor ve sonuç olarak Şirket, bu önlemlerin faydalı IFRS dışı işletim ölçümleri olduğuna inanıyor (“non-IFRS”). -GAAP önlemleri”) ve Şirket tarafından yapılan UFRS açıklamalarını tamamlar. Bu önlemler, gelir vergisi ödemelerini veya faiz maliyetlerini içermediğinden Golden Star'ın tüm nakit harcamalarını temsil etmemektedir. GAAP dışı ölçümler yalnızca ek bilgi sağlamayı amaçlamaktadır ve UFRS kapsamında standartlaştırılmış tanımlara sahip değildir ve tek başına veya UFRS'ye uygun olarak hazırlanan performans ölçümlerinin yerine geçmemelidir. Bu ölçümler, UFRS kapsamında belirlenen faaliyet karının veya faaliyetlerden elde edilen nakit akışının göstergesi olmayabilir.

“Golden Star hissedarlarına atfedilebilen düzeltilmiş net (zarar)/gelir”, Golden Star hissedarlarına atfedilebilen net (zarar)/gelirin, finansal araçların gerçeğe uygun değerindeki (kazanç)/zarar, hisse bazlı tazminat giderleri, kıdem tazminatı masraflarına göre ayarlanmasıyla hesaplanır. Varlık emeklilik yükümlülüklerindeki değişiklikten kaynaklanan kayıp/(kazanç), ertelenmiş gelir vergisi gideri, Akış Anlaşmasıyla ilgili gelir ve finansman maliyetlerindeki nakit dışı kümülatif düzeltmeler ve değer düşüklüğü. Şirket, tutarın bir defaya mahsus olması, tutarın doğası gereği nakit dışı olması ve yönetimin, performansı incelerken ve değerlendirirken bu tutarı dahil etmemesi nedeniyle, düzeltilmiş net kar/(zarardan) hasılattaki nakit dışı kümülatif düzeltmeyi hariç tutmuştur. operasyonlar. Döneme ilişkin "Golden Star hissedarlarına atfedilebilen düzeltilmiş (zarar)/hisse başına gelir", "Golden Star hissedarlarına atfedilebilen düzeltilmiş net (zarar)/gelir"in, temel hisse başına kazanç yöntemi kullanılarak mevcut hisselerin ağırlıklı ortalama sayısına bölünmesiyle elde edilir. . 

Şirket tarafından kullanılan GAAP Dışı mali ölçütler hakkında ek bilgi için, lütfen Şirketin Yönetim Tartışması ve Mali Durum Analizi ve sona eren yıla ait Faaliyet Sonuçlarının Analizinde "GAAP Dışı Mali Önlemler" başlığına bakın. 31 Aralık 2020 ve üç ay bitti 31 Mart, 2021 , şurada mevcuttur: www.sedar.com.

KAYNAK Golden Star Resources Ltd.

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Source: https://www.prnewswire.com:443/news-releases/golden-star-resources-reports-results-for-the-three-and-six-months-ended-june-30-2021-301343594.html