Golden Star Resources Corp. Reports No Revenues and Ongoing Net Loss for Fiscal Year Ending June 30, 2025

Reuters
Sep 26, 2025
<a href="https://laohu8.com/S/GODNR">Golden Star</a> Resources Corp. Reports No Revenues and Ongoing Net Loss for Fiscal Year Ending June 30, 2025

Golden Star Resources Corp. reported its annual results for the fiscal year ending June 30, 2025. The company, currently in the exploration stage, has not generated any revenues from business operations during the reported period. Golden Star Resources posted no sales and continued to report losses as it has not commenced mineral production. The company disclosed that it has completed a public offering as of March 28, 2007, raising $0.107 million to date. Management stated there is substantial doubt about the company's ability to continue as a going concern over the next twelve months unless additional capital is secured. The company indicated it is seeking further funding through private placements, additional public offerings, or loans to finance research, exploration, and potential development of mineral properties. No assurance was provided regarding the availability of future financing or successful identification and development of a mineral property. Golden Star Resources reiterated its need for further funding to advance beyond the exploration stage and noted the risk of additional dilution to shareholders if equity financing is pursued.

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