The CEO of Golden Star Resources (Mining) Ghana, GRS - Sam Coetzer has reassured investors of the mining company that their investments will not be affected by the decline in gold prices.
The need for this reassurance follows the persistent decline in gold prices on the global market.
Speaking to the media Mr. Coetzer asserted that investments in Golden Star Resources will not suffer, despite declining gold prices.
On the basis of this development in the global gold market, Golden Star Resources have in recent weeks had a merely even performance and specifically last week, it became one of the two price losers on the Ghana stock exchange - with its share price losing 5 pesewas; bringing it down to a trading average of Ghc1.90 per share.
On the global gold market front, the commodity's price has witnessed some of its most severe fluctuating periods.
Between the beginning of 2017 until now, gold has sold from its lowest of approximately $1,196 as at 30th January to its highest of about $1,297 per ounce on the 6th of June.
Today, the commodity trades at an average of $1,260 or Ghc5,550 per ounce representing a significant decline from the highest price attained so far over the past 6 months.
Golden Star Resources (mining) Ghana currently operates two gold mines in the Ashanti Region of Ghana with listing on the Ghana Stock Exchange and is a major player in the country's mining industry.