Golden Star Reports Two Fatalities At Prestea Underground Mine
GoldenStar Resources (NYSE American: GSS;TSX: GSC;GSE: GSR) reports two fatalities occurred at its Prestea Underground GoldMine in Ghana. An initial investigation suggests that two employeessuccumbed to smoke inhalation following exposure to blasting gasses on Friday,the company says. Golden Star suspendedoperations at Prestea Underground for the initial investigation, but fulloperations resumed on Monday. "On behalf of us all at GoldenStar, and particularly the close-knit team at Prestea, we extend oursincerest condolences to the individuals' families and friends,” says SamCoetzer, president and chief executive officer. “Safety is our highest priorityand we take great care in ensuring that all of our underground team membershave self-rescuers and that they are trained to use them correctly. We areconducting further investigations to understand why this tragedy occurred andhow to prevent it from happening again."
By Allen Sykoraof Kitco News; asykora@kitco.com
Caledonia:Blanket Mine On Track For 80,000 Gold Ounces By 2021
Tuesday January 02, 2017 08:55
Caledonia Mining Corp. Plc (NYSE, AIM: CMCL;TSX: CAL) says its Blanket Mine in Zimbabwe remains on track to eventually churn out80,000 ounces of gold a year by 2021. The company has declared a quarterlydividend of 6.875 cents per share. "2017 has been anothersignificant year for Caledonia, having announced at the start of November asignificant and continued increase in Blanket Mine's resource base and, shortlythereafter, an extension to the central shaft project to deepen the shaft bytwo extra production levels in order to access the increased resource base atthose depths,” says SteveCurtis, chief executive officer. “Production guidance for 2017 is between 54,000 to 56,000 ounces ofgold, and we expect to announce Blanket Mine's gold production for 2017 laterthis month. Blanket Mine continues to make progress towards its goal of 80,000ounces per year by 2021 as a result of the implementation of the investmentplan.”
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