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Golden Star Resources Receives Phase1 Prestea Permits; Shares Rise 1%

By: MT Newswires
Posted: 1/10/2013 1:46:00 PM
Referenced Stocks: GSS

Golden Star Resources Ltd. ( GSS ) has received the environmental and mining permits for Phase I development of the Prestea Underground mine.

"These permits allow the company to commence initial development in the Central Shaft area in order to achieve early production and advance our infrastructure, with the long-term goal of transforming Prestea Underground into a modern, mechanized mine" said Sam Coetzer, President and CEO.

GSS shares are up 1.4 at $1.7434.

Shares have a day's range of $1.73 - $1.75, and a 52-week range of $0.90 - $2.25.