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Daily Traders Edge

Golden Star Announces Appointment of Mining Contractor for Prestea Underground Gold Mine

September 08
10:55 2016

[PR Newswire] – GSE: GSR) (“Golden Star” or the “Company”) is pleased to announce that it has appointed Manroc Developments Inc. (“Manroc”) as the underground mining contractor for its Prestea Underground Gold Mine in Ghana (“Prestea Underground”). Manroc was selected following a competitive bid process, involving a number of large mining contractors. Manroc specializes in Alimak stoping, a mechanized shrinkage mining method, and has a reputation for safety and efficiency. The contractor has worked on major projects on a variety of continents and its clients have included Barrick Gold Corporation, Goldcorp Inc. and Nyrstar. Manroc has previously operated in Ghana and Tanzania. Alimak stoping was selected as the mining method for Prestea Underground due to its safety and efficiency benefits over conventional shrinkage mining.

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