Wednesday, May 5, 2010

Golden Star Resources (TSE:GSC) Earnings Positive

Golden Star Resources (TSE:GSC)(AMEX:GSS) released its first-quarter report, and for the quarter generated profits of $3.9 million, or .015 cents a share.

Last year during the same quarter, Golden Star had a net loss of $1.1 million.

Revenue from gold increased to $103.3 million, an 18 percent rise over last year.

Golden Star produced just under 93,000 ounces in the quarter, 4 percent over a year ago.

Tom Mair, President and CEO, confirmed guidance of 400,000 ounces for 2010.

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