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Golden Star Resources (GSS -7.8%) is downgraded to Underperform with a $0.50 target price (from...

Golden Star Resources (GSS -7.8%) is downgraded to Underperform with a $0.50 target price (from $1.50) at BMO, which sees news flow bringing further production curtailments and cost cutting. GSS plans to issue a revised outlook at a later date, but the firm sees limited options at the Bogoso mine in Ghana, with refractory operations remaining unprofitable and sourcing additional oxide ore requiring significant expense.
Comments (1)
  • One of the worst and worst-managed gold companies in history. Tied with Jaguar.
    15 May 2013, 03:36 PM Reply Like
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