GOLDEN STAR RESOURCES LTD. INVESTIGATION ALERT: Morganti & Co., P.C. Announces That an Investigation Has Been Launched into G...
May 08 2020 - 8:52AM
Business Wire
Morganti & Co., P.C. announces that it has been contacted by
investors to investigate Golden Star Resources Ltd. (the “Company”)
(TSX: GSC, NYSE American: GSS) during the Class Period from and
including February 20, 2019 to and including July 30, 2019.
According to Morganti & Co. ,P.C.’s investigation, it
appears that Golden Star Resources Ltd. made misrepresentations
and/or omitted to disclose that:
- The Company had insufficient geological and geotechnical data
in its Prestea mine;
- The Company had experienced deficiencies in its operating
practices and mining methods including inaccurate long hole
drilling and blasting in its Prestea mine;
- The Company did not have the mining flexibility and more
measured resources to ensure higher reserve grade;
- The Company had experienced increased tonnage at much lower
grade where it had to supplement some of the production with oxide
material;
- The Company had excessive dilution which drove lower mining
rates at the Prestea mine; and
- As a result, the Company’s public statements were materially
false and/or misleading at all relevant times.
All investors who purchased shares of Golden Star Resources
Ltd. on the Toronto Stock Exchange between February 20, 2019 to and
including July 30, 2019, are urged to immediately contact Morganti
& Co. at info@morgantico.com.
Morganti & Co., P.C. is a law firm that investigates,
litigates and resolves economic and financial disputes on a
success-fee basis. You will not pay our legal fees or reimburse us
for any costs unless we obtain a recovery. You may learn more about
Morganti & Co. P.C. at www.morgantico.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200508005304/en/
Morganti & Co., P.C. Andrew Morganti, (647) 344-1900
info@morgantico.com
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