A World Class Streaming and Royalty Company
RGLD Nasdaq 117.50 +4.08 +3.6% Volume: 4 July 18, 2019
Current Gold Price 1440.73 -5.75 -0.4% Volume: July 19, 2019
Prestea-

Prestea

Western Region, Ghana

Interest: 10.5% payable gold 1
Operator: Golden Star Resources

The Bogoso and Prestea properties comprise a collection of adjoining mining concessions that together cover a 40 km section of the Ashanti gold district in the central eastern section of the Western Region of Ghana, with the processing facilities situated approximately 10 km south of the town of Bogoso. The Bogoso mine is located approximately 35 km northwest from the town of Tarkwa. The Prestea underground mine is located 16 km south of the Bogoso mine, and the Prestea surface deposits lie to the southwest of the town of Prestea and 20 km from the Bogoso mine.

  • Prestea Prestea Gold Mine
     
Reserves (December 31, 2018): 2
  • 0.317M oz. gold
CY2018 Sales:
  •    8,500 oz. gold
Operator production guidance CY2019: 3
  •   • 50,000 – 60,000 oz. gold

Footnotes:

  1. This is a metal stream whereby Golden Star will deliver 10.5% of gold produced. The purchase price for gold ounces delivered is 20% of the spot price until 240,000 ounces have been delivered from Prestea and Wassa, and thereafter the stream percentage decreases to 5.5% of gold produced at a purchase price equal to 30% of the spot price.
  2. At a gold price of $1,250 per ounce.
  3. Guidance figure shown is payable gold in doré.

 

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