A World Class Streaming and Royalty Company
RGLD Nasdaq 78.25 +0.49 +0.63% Volume: 543,377 September 25, 2018
Current Gold Price 1202.65 +0.77 +0.06% Volume: September 25, 2018
Wassa-Prestea

Wassa and Prestea

Western Region, Ghana

Interest: 10.5% payable gold1
Operator: Golden Star Resources
  • Wassa and Prestea
     

The Wassa Gold Mine is a surface and underground project located within the southern portion of the Ashanti Greenstone Belt in the Western Region of Ghana. The mine is approximately 35 km northeast of the town of Tarkwa and 80 km north of Cape Coast.

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.

Reserves (December 31, 2017: 2

  •    1.693M oz. gold

CY2017 Sales: 

  •    25,600 oz. gold

Operator production guidance CY2018: 3

  •   230,000 - 255,000 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, 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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