Golden Star Resources
Golden Star Resources commenced production at Wassa in 2005 and transitioned to an underground-focused operation in 2018. The company supports community initiatives and maintains a safe, inclusive work environment.
History of Golden Star Resources
Golden Star Resources commenced production from the surface operation at Wassa in 2005. The company achieved commercial production at Wassa Underground on January 1, 2017, marking a significant milestone in its development. In early 2018, Golden Star Resources transitioned Wassa into an underground-focused operation. This shift indicates a strategic emphasis on improving the mine's efficiency and resource extraction. The processing plant at Wassa currently operates at 70-80% utilization based on 2020 actuals, showcasing potential for increased capacity utilization.
Wassa Underground Operations
Golden Star Resources has strategically focused on underground operations at its Wassa mine. Following the achievement of commercial production at Wassa Underground in 2017, the company transitioned to an underground-focused operation in early 2018. The processing plant at Wassa possesses significant excess capacity and is currently running at 70-80% utilization, indicating room for increased mining rates. The company is exploring opportunities to enhance mining rates to optimize the mill's capacity, demonstrating a commitment to operational efficiency.
Community Initiatives and Local Development
Golden Star Resources supports several initiatives aimed at creating long-term benefits for local communities. The company actively integrates local suppliers into its supply chain to foster economic and social development. By including local suppliers, Golden Star Resources promotes sustained economic growth and community well-being in its areas of influence. This approach aligns with the company's objective to generate positive, long-lasting impacts for the surrounding communities.
Commitment to Transparency and Compliance
Golden Star Resources is committed to upholding transparency and compliance within the extractive sector. The company supports the Extractive Sector Transparency Measures Act (ESTMA) by annually disclosing specific payments made to all governments. Additionally, Golden Star Resources adheres to the Extractive Industry Transparency Initiative (EITI) by publishing payments to the Government of Ghana. These actions demonstrate the company's dedication to ethical practices and transparency in its financial dealings with governmental entities.
Work Environment and Safety
Golden Star Resources is dedicated to maintaining a safe, inclusive, and rewarding work environment. The company prioritizes employee well-being and strives to cultivate a supportive atmosphere that values safety and inclusivity. This commitment is an integral part of Golden Star Resources' corporate ethos, ensuring that all employees operate in a secure and positive workplace setting.