Golden Star Results of Annual General and Special Meeting

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Golden Star Results of Annual General and Special Meeting

PR Newswire

TORONTO, May 5, 2017

TORONTO, May 5, 2017 /PRNewswire/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Corporation") is pleased to announce that all resolutions at yesterday's Annual General and Special Meeting ("AGSM") were duly passed.

The results of the votes were as follows:

 

Resolution #1

Votes For

Votes Withheld

Percentage
of Votes
For

Percentage
of Votes
Withheld

To elect the following persons
as directors of the
Corporation:



(a)       Timothy C. Baker

171,649,468

3,219,401

98.2%

1.8%

(b)       Samuel T. Coetzer

171,590,586

3,278,283

98.1%

1.9%

(c)       Anu Dhir

171,360,889

3,507,980

98.0%

2.0%

(d)       Robert E. Doyle

171,009,023

3,859,846

97.8%

2.2%

(e)       Gilmour Clausen

170,997,872

3,870,997

97.8%

2.2%

(f)        Daniel Owiredu

171,569,333

3,299,536

98.1%

1.9%

(g)       Craig J. Nelsen

170,986,373

3,882,496

97.8%

2.2%

(h)       Mona Quartey

171,589,181

3,279,688

98.1%

1.9%

 

Resolution #2

 

Votes For

Votes Withheld

Percentage
of Votes
For

Percentage
of Votes
Withheld

To re-appoint
PricewaterhouseCoopers LLP
as the auditors of the
Corporation and to authorize
the Audit Committee to fix
the auditors' remuneration.

265,609,736

9,323,334

96.6%

3.4%



 

Resolution #3

Votes For

Votes Against

Percentage
of Votes
For

Percentage
of Votes
Against

To pass the Advisory Vote
on Named Executive Officer Compensation.1

168,194,482

6,674,387

96.2%

3.8%



 

Resolution #4

Votes For

Votes Against

Percentage
of Votes For

Percentage
of Votes
Against

To pass the 2017 PRSU Plan

Resolution.1

 

135,890,523

39,017,342

77.7%

22.3%


Notes:

1.

As defined in the Management Information Circular of the Corporation dated March 13, 2017

 

Tim Baker, Chairman of Golden Star, commented:
"Following yesterday's AGSM we say goodbye to two of our Directors, Tony Jensen and Bill Yeates, and we welcome Mona Quartey.  I'd like to thank Tony and Bill for their hard work and dedication over the years; they have made a huge contribution to Golden Star.  The Company they leave is very different from the one they joined and our transformation into a high grade, low cost, mid-tier producer is well underway. I am delighted that Mona is joining the Board and we will all benefit from her experience in finance, politics and operating in Ghana.  2017 is on track to be another important year for Golden Star and we have a strong team at all levels of the Company to enable us to deliver our objectives."

Company Profile

Golden Star is an established gold mining company that owns and operates the Wassa and Prestea mines situated on the prolific Ashanti Gold Belt in Ghana, West Africa. Listed on the NYSE MKT, the TSX, and the GSE, Golden Star is strategically focused on increasing operating margins and cash flow through the development of its two high grade, low cost underground mines both in conjunction with existing open pit operations. The Wassa Underground Gold Mine commenced commercial production in January 2017 and the Prestea Underground Gold Mine is expected to achieve commercial production during the third quarter of 2017. Gold production in 2017 is expected to be 255,000-280,000 ounces with cash operating costs of $780-860 per ounce.

SOURCE Golden Star Resources Ltd.

Copyright CNW Group 2017

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