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Investigation announced for Long-Term Investors in shares of Golden Star Resources Ltd. (NYSE: GSS)

06-30-2020 01:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Golden Star Resources Ltd. (NYSE: GSS) shares.

An investigation on behalf of current long term investors in Golden Star Resources Ltd. (NYSE: GSS) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Golden Star Resources Ltd..

Investors who are current long term investors in Golden Star Resources Ltd. (NYSE: GSS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: GSS stocks follows a lawsuit filed against Golden Star Resources Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GSS stocks, concerns whether certain Golden Star Resources directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company had insufficient geological and geotechnical data in its Prestea mine, that the Company had experienced deficiencies in its operating practices and mining methods including inaccurate long hole drilling and blasting in its Prestea mine, that the Company did not have the mining flexibility and more measured resources to ensure higher reserve grade, that the Company had experienced increased tonnage at much lower grade where it had to supplement some of the production with oxide material, that the Company had excessive dilution which drove lower mining rates at the Prestea mine, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Golden Star Resources Ltd. (NYSE: GSS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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