Golden Star Resources Limited says the agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine will not affect jobs.

The President and Chief Executive Officer of Golden Star, Andrew Wray, who gave the assurance, said the new owner will not only maintain the existing workforce to ensure continuity in its operations, but will also ensure environmental sustainability.

The agreement between Golden Star Resources and Future Global Resources, demands that an initial purchase price of $55 million shall be paid with a further contingent component of up to US$40 million staged payments to ensure Future Global Resources focuses investment capacity on the asset itself, while providing Golden Star with exposure to its long-term growth potential.

Golden Star however says operations will continue at the Prestea underground operation, which includes the use of alimak mining on 24 Level and long hole open stooping mining activities on the newly developed 17 Level.

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