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Golden Star Resources: A Decent Start To FY2021

May 06, 2021 10:53 AM ETGolden Star Resources Ltd. (GSS)6 Comments
Taylor Dart profile picture
Taylor Dart


  • Golden Star Resources released its FY2020 results this week, reporting quarterly gold production of ~40,100 ounces, a slight decrease year-over-year.
  • Fortunately, a higher gold price helped the company to post increased revenue vs. Q1 2020, and the company remains on track to meet its FY2021 guidance.
  • While Golden Star is a high-risk single-asset producer in a Tier-3 jurisdiction, the company remains reasonably valued, especially given the organic growth potential with its Southern Extensions PEA.
  • I believe there are much better opportunities elsewhere in the sector, but if we were to see Golden Star dip below $3.10, I would view this as a low-risk buying opportunity.

Underground loader.
Photo by Alfio Manciagli/iStock via Getty Images

We're nearing the halfway mark of the Q1 Earnings Season for the Gold Miners Index, and the most recent company to report its results is Golden Star Resources (NYSE:GSS). While I've

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Taylor Dart profile picture
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Comments (6)

@Taylor Dart Based on your $3.10 entry price, that means today it's a buy, or not anymore due to those delays just announced?


Taylor Dart profile picture

I dropped my low-risk buy zone to $2.95 due to the guidance cut, my article is taking a while to be published, I was hoping it would be released before the market opened today. I think there are several better ways to play the sector, but I see the stock as a Speculative Buy below $2.95.
any change since todays news ?
Taylor Dart profile picture
Hi Clk,

The new low-risk buy zone is below $2.95, accounting for lower earnings in FY2021 due to cut guidance. I should have an article out this evening.
@Taylor Dart thanks so much
bengalesq profile picture
Things in this space are getting interesting again.
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