Golden Star Resources Ltd.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Golden Star Resources Ltd. (NYSE: GSS) from February 20, 2019 through July 30, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Golden Star Resources Ltd. investors under the federal securities laws.
If you bought Golden Star Resources Ltd. securities between February 20, 2019 through July 30, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Golden Star Resources Ltd. – GSS
New York, N.Y., April 7, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Golden Star Resources Ltd. (NYSE: GSS) between February 20, 2019 and July 30, 2019, inclusive (the “Class Period”).
To join the GSS class action, go to http://zhanginvestorlaw.com/cases/golden-star-resources-ltd/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE LEAD PLAINTIFF TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) the Company had insufficient geological and geotechnical data in its Prestea mine; (2) the Company had experienced deficiencies in its operating practices and mining methods including inaccurate long hole drilling and blasting in its Prestea mine; (3) the Company did not have the mining flexibility and more measured resources to ensure higher reserve grade; (4) the Company had experienced increased tonnage at much lower grade where it had to supplement some of the production with oxide material; (5) the Company had excessive dilution which drove lower mining rates at the Prestea mine; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/golden-star-resources-ltd/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.