DENVER, COLORADO--(Marketwire - March 9, 2011) - Golden Star Resources Ltd. (News - Market indicators)(NYSE Amex:GSS)(GSE:GSR) announced today that Mr. Sam Coetzer has joined the Company as Executive Vice President and Chief Operating Officer effective March 9, 2011.
Mr. Coetzer has over 24 years of international mining experience including Kinross Gold Corporation, Xstrata AG, Xstrata Coal South Africa, and Placer Dome. He has held increasing levels of responsibility in various mining companies with particular emphasis on integration and streamlining of operations.
Mr. Coetzer is an experienced mining industry leader who was most recently Senior Vice-President, South American Operations, for Kinross Gold Corporation. In this role, Mr. Coetzer was responsible for overseeing the Kinross assets in Brazil, Chile and Ecuador. Mr. Coetzer was also COO in two of the commodity businesses of Xstrata Nickel and Coal. Mr. Coetzer has significant experience in Africa as Executive General Manager for South Africa and Tanzania for Placer Dome Inc.
Tom Mair, President and CEO, said, "We are pleased to have Sam join the Golden Star management team. His strong professional and technical skills and extensive experience in the international mining industry will be of great value to Golden Star. His primary focus initially will be to drive our improvement program at the Bogoso/Prestea operations in Ghana. Sam's experience and expertise will be a strong complement to our current management team."
In a related development the company announces that D. Scott Barr has retired as Chief Operating Officer. Mr. Barr will continue with the company as Consulting Technical Advisor to the CEO/COO. Tom Mair, President and CEO said "We are delighted to be able to keep Scott involved and have him on the team. Scott's dedication and professionalism has helped Golden Star tremendously in the past 3 years. The Board of Directors and the Management wish to thank Scott for his contributions".
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/HBB 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 Brazil in South America. Golden Star has approximately 258 million shares outstanding.