LOS ANGELES, CA / ACCESSWIRE / May 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Golden Star Resources Ltd. ("Golden Star" or "the Company") (NYSE:GSS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 20, 2019 and July 30, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 1, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Golden Star failed to gather sufficient geological data on its Prestea mine. The Company's operations suffered from deficiencies in mining practices, including inaccurate long hole drilling and blasting at Prestea. The Company's increased tonnage was at a much lower grade than ideal, forcing it to supplement production with oxide material. The Company's dilution led to lower mining rates at Prestea. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Golden Star, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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