Golden Star’s Daniel Owiredu steps down as EVP

By Lorlornyofm June 27, 2019 04:03

Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) has announced that Mr Daniel Owiredu will be stepping out of the role of Executive Vice-President and Chief Operating Officer (“COO”) of Golden Star with effect from 8 July 2019, and will be replaced in that role by Graham Crew.

During the transition period until 31 December 2019, Mr Owiredu will take on the role of President of the Company, a statement from Golden Star Resources said.

As of 1 January 2020, Mr Owiredu will step down as President and be appointed as Chairman of the Boards of Directors of the Company’s subsidiaries, Golden Star (Wassa) Limited and Golden Star (Bogoso/Prestea) Limited.

Mr Crew has over 25 years of operational, technical and corporate experience in the mining industry. Most recently he was General Manager Mining for Barminco Limited, a global underground mining services company. He previously held the positions of General Manager of the Bulyanhulu mine for Acacia Mining, Operations Manager for La Mancha’s Australian operations and has held a number of other technical and operational positions for mining companies in various geographies. Graham has a strong track record of transforming operations through the development of vision and strategy with disciplined implementation. His broad experience, which also includes construction projects, due diligence, project evaluation and project financing, is expected to significantly contribute to the optimisation of Golden Star’s current assets, and in developing the future growth and success of the Company. Mr Crew holds a Bachelor’s degree in Mining Engineering from West Australian School of Mines and is a Fellow of the AusIMM. He will relinquish his position on the Board of Directors of Golden Star once he takes over as COO and will be based in London.

In addition to this change, Martin Raffield will be leaving his position as Executive Vice-President, Chief Technical Officer of the Company with effect from September 30, 2019. Dr Raffield’s successor will be appointed in due course.

Andrew Wray, President and CEO of Golden Star commented: “I would like to recognise Martin’s significant contribution to the development of the Company over a number of years as the business has evolved into a focused underground mining company with an asset base that provides long life, high quality growing production. Whilst Martin will move on to new challenges, we are in the fortunate position of having Daniel very much remain in the Golden Star family, first as President working directly with me, and then next year as Chairman of our two Ghanaian operating company Boards where we will continue to count on his wise counsel and technical expertise. In Graham, we have gained someone with the skill set to build on the company’s strong existing platform and to take the company to next phase of its development and I welcome him to the team.”

Company Profile

Golden Star is an established gold mining company that owns and operates the Wassa and Prestea underground mines in Ghana, West Africa. Listed on the NYSE American, the Toronto Stock Exchange and the Ghana Stock Exchange, Golden Star is focused on delivering strong margins and free cash flow from its two high-grade, low-cost underground mines. Gold production guidance for 2019 is 220,000-240,000 ounces at a cash operating cost per ounce of $620-$680. As the winner of the PDAC 2018 Environmental and Social Responsibility Award, Golden Star is committed to leaving a positive and sustainable legacy in its areas of operation.

Source: Ghana/ClassFMonline.com/91.3FM