25.09.2006 13:24:00
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Golden Star Announces Senior Operational and Technical Management Changes
Golden Star Resources Ltd. (AMEX: GSS)(TSX: GSC) today announced the appointment of Colin Belshaw as Vice President Operations and Daniel Owiredu as Vice President Ghana. Colin Belshaw is a British mining engineer with approximately 30 years' experience in the mining sector in Africa, the Americas and Europe and a background in Gold and copper mining in both open pit and underground mining situations. Most recently Colin was employed by Kinross Gold Corporation as Director General Far East Operations and then Group Consulting Mining Engineer in Reno, Nevada. Daniel Owiredu is a Ghanaian engineer with more than 20 years' experience in the mining sector in Ghana and West Africa. Most recently, Daniel was Deputy Chief Operating Officer for AngloGold Ashanti Ltd. following the amalgamation of AngloGold Ltd. and Ashanti Goldfields Co. Ltd. His prior experience includes successfully managing the construction and operation of the Bibiani mine for Ashanti. He also managed the Siguiri mine in Guinea and the Obuasi mine in Ghana for Ashanti. Initially, both Colin and Daniel will be based in Ghana at the heart of the Company’s business activities. In mid-2007, it is expected that Colin Belshaw will relocate to our Denver headquarters to become Chief Operating Officer while Daniel Owiredu will remain in Ghana and become Vice President Operations, Ghana. Peter Bradford, President & CEO, said, "These two appointments further strengthen and broaden our senior management team. Both Colin and Daniel deliver strong technical and operational qualifications to Golden Star as well as significant underground mining experience, which become more important in the future as we progress the Prestea Underground mine. In addition, Daniel delivers an excellent understanding of doing business in Ghana which we expect will further strengthen our stakeholder relationships in Ghana.” "Golden Star has grown significantly in the last few years and expects to produce 500,000 ounces in 2007,”continued Mr. Bradford. "Therefore, we have proactively strengthened and expanded our management team. Additionally, we have recently appointed Dr. Mark Thorpe as Vice President Sustainability, to direct the Company’s health, safety, environmental and community affairs activities, and Peter Bourke as Vice President Technical Services, to oversee the preparation of our reserves and mining and processing plans. In October, David Partridge joins the Company as General Manager of the Bogoso/Prestea mine, a role which Colin Belshaw has filled since his appointment as Vice President Operations earlier this year. Bruce Higson-Smith, who was acting General Manager at Bogoso/Prestea from late 2005 until Colin Belshaw’s appointment, has now resumed his normal role of Vice President Corporate Development on a full time basis.” The following summarizes the Company’s senior operational and technical personnel: Operations Colin Belshaw Vice President Operations Daniel Owiredu Vice President Ghana David Partridge General Manager Bogoso/Prestea (commences October 2006) Richard Gray General Manager Wassa Mark Collopy General Manager Major Capital Projects Technical Peter Bourke Vice President Technical Services Mark Thorpe Vice President Sustainability Exploration Doug Jones Vice President Exploration Mitch Wasel Regional Exploration Manager, West Africa Company Profile Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the employment of or commencement of senior management personnel and the timing and amount of estimated future production. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of risk factors in our Form 10-K for 2005.
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