| Address:
|
10901 WEST TOLLER DRIVE
SUITE 300 |
| City: |
LITTLETON |
|
State: |
CO |
|
Zip Code: |
80127 |
| Telephone: |
303-830-9000 |
|
Description of Business
|
Primary SIC Code:
1040 |
| (As filed with the SEC)
|
|
|
We are a Canadian federally-incorporated, international gold mining and
exploration company producing gold in Ghana, West Africa. We also conduct gold
exploration in other countries in West Africa and in South America. Golden Star
Resources Ltd. was established under the Canada Business Corporations Act on
May 15, 1992 as a result of the amalgamation of South American Goldfields Inc.,
a corporation incorporated under the federal laws of Canada, and Golden Star
Resources Ltd., a corporation originally incorporated under the provisions of
the Alberta Business Corporations Act on March 7, 1984 as Southern Star
Resources Ltd. Our principal office is located at 10901 West Toller Drive, Suite
300, Littleton, Colorado 80127, and our registered and records offices are
located at 333 Bay Street, Bay Adelaide Centre, Box 20, Toronto, Ontario M5H
2T6.
We own controlling interests in several gold properties in southwest Ghana:
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.06 | NA | N/E | | 06/2011 | 0.03 | NA | 73.33 | | 03/2011 | 0.03 | NA | 99.00 | | 12/2010 | -0.03 | NA | N/E | | 09/2010 | 0.12 | NA | 41.08 | | 06/2010 | 0.11 | NA | 39.82 | | 03/2010 | 0.10 | NA | 38.70 | | 12/2009 | 0.07 | NA | 44.57 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.01 | Total Liab/Total Assets | 0.35 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 0.42 | | Net Inc/Inv Cap | -0.01 | Total Liab/Comm Equity | 0.40 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 0.98 | | Net Inc/Net Sales | -0.02 | Curr Debt/Equity | 0.02 | | Cash Flow/Net Sales | 0.27 | LTD/Equity | 0.23 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 0.25 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 45.77 | Quick Ratio | 1.60 | | Inventory Turnover | 6.62 | Current Ratio | 2.13 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.05 | | Net Sales/Work Cap | 3.11 | Inv/Curr Assets | 0.25 | | Net Sales/PP&E | 0.84 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
125.88
|
109.81
|
116.51
|
105.47
|
|
Cost of Goods Sold
|
106.39
|
102.53
|
107.75
|
96.95
|
|
Selling & Admin Exps
|
7.77
|
22.88
|
-4.16
|
6.39
|
|
Operating Income
|
9.90
|
-17.16
|
12.34
|
4.45
|
|
Interest Exp
|
2.19
|
2.11
|
2.36
|
10.07
|
|
Pretax Income
|
-5.81
|
-2.06
|
9.76
|
-4.87
|
|
Other Income
|
-13.51
|
17.21
|
-0.22
|
2.03
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-10.20
|
-5.05
|
5.93
|
-9.36
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
114.29
|
127.92
|
151.66
|
178.02
|
|
Receivables - Total
|
16.38
|
14.49
|
12.71
|
11.89
|
|
Inventories - Total
|
64.63
|
65.88
|
65.36
|
65.14
|
|
Total Current Assets
|
205.77
|
220.84
|
239.81
|
262.43
|
|
Net Property, Plant & Equipment
|
241.29
|
234.80
|
232.45
|
512.79
|
|
Total Assets
|
711.79
|
717.12
|
732.28
|
801.46
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
75.71
|
71.49
|
73.94
|
89.59
|
|
Debt in Current Liabilities
|
14.14
|
13.45
|
13.48
|
10.01
|
|
Total Current Liabilities
|
101.30
|
100.40
|
110.64
|
123.08
|
|
Long-Term Debt
|
133.26
|
131.42
|
135.99
|
117.29
|
|
Total Liabilities
|
280.42
|
276.23
|
286.82
|
282.30
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
-1.37
|
-2.14
|
-1.33
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
NA
|
|
Common Stock
|
693.78
|
693.71
|
693.67
|
693.85
|
|
Retained Earnings
|
-283.35
|
-273.16
|
-268.11
|
-228.71
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
431.37
|
440.89
|
445.46
|
517.88
|
|
Total Liabilities and Stockholders' Equity
|
711.79
|
717.12
|
732.28
|
800.18
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
11.47
|
-1.45
|
-5.87
|
36.72
|
|
Net Cash Provided by Investing Activities
|
-23.91
|
-23.22
|
-17.86
|
-29.92
|
|
Net Cash Provided by Financing Activities
|
-1.18
|
0.92
|
-2.63
|
-12.78
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 128.69 | 57.88 | 0.31 | | 12/2007 | 175.61 | -41.76 | -0.16 | | 12/2008 | 257.36 | -120.07 | -0.51 | | 12/2009 | 400.74 | 16.52 | 0.07 | | 12/2010 | 432.69 | -8.28 | -0.03 | | Growth Rates | 35.41 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 124 | 103,260 | 39.93 |
|
Report Date :
2/6/2012
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