DENVER, December 20 /CNW/ - Golden Star Resources Ltd. (AMEX: GSS) (TSX:
GSC) ("Golden Star" or the "Company") today announced that Mr. Tom Mair has
been appointed Interim President and CEO effective January 1, 2008, at which
time Mr. Peter Bradford will be stepping down as President and CEO of the
Mr. Mair has more than 25 years of international business experience in
the natural resources industries. Prior to joining Golden Star as Chief
Financial Officer in February of this year, Mr. Mair was employed by Newmont
Mining Corporation in a number of key roles, including Director, Business
Process Improvement; group financial executive at Minera Yanacocha, Peru;
Regional Controller Winnemucca, Nevada and President-Director PT Newmont
Minahasa Raya, Indonesia.
"Tom has played an integral role in consolidating and strengthening the
Company's financial systems and overall financial health," says Mr. Ian
MacGregor, Chairman of Golden Star's Board of Directors. "Likewise, his
membership on our Executive Management Team to help steer the overall
direction of the organization has provided him with the solid foundation
needed to step into his new role."
As he takes on the Interim CEO title, Tom will temporarily relinquish his
CFO and Corporate Secretary positions. Mr. Roger Palmer, currently
Vice-President, Finance and Controller for Golden Star, has been named Interim
CFO and Compliance Officer, and Mr. Bryant Veazey, Treasurer for Golden Star,
has been named Interim Corporate Secretary.
Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea)
Limited and Golden Star (Wassa) Limited, which respectively own 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. Golden Star
has approximately 233 million shares outstanding.
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 timing of the resignation of
the incumbent President and CEO and the timing of the appointment of the
interim President and CEO and Interim Chief Financial Officer. There can be no
assurance that future developments affecting the Company will be those
anticipated by management. Please refer to the discussion of these and other
factors in our Form 10-K for 2006, as amended.
For further information:
For further information: Golden Star Resources Ltd. Tom Mair,
+1-800-553-8436 Senior Vice President and Chief Financial Officer or Anne
Hite, +1-800-553-8436 Investor Relations Manager