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Golden Star Policy on Community Development and Support was applied. This Policy captures the Company’s dedication to ongoing contribution to both the Golden Star Development Foundation and the Golden Star Oil Palm Plantation, amongst other commitments. Critically, the coverage states the Company’s intent is to ensure that our assist is culturally and historically acceptable whereas upholding the tenants of nationwide and worldwide anti-corruption legislation. The Company’s mining, processing, growth, and mineral exploration activities are additionally subject to various legal guidelines governing prospecting, development, manufacturing, taxes, labor standards, occupational well being and safety, land rights of native individuals and other matters. New guidelines and laws could also be enacted or current rules and rules could also be modified and applied in a way that might have an opposed effect on the Company’s monetary position and results of operations. In 1, the Government of Ghana announced its intent to introduce a 1% windfall profit tax on mining corporations in 13, but suspended its implementation of the proposed windfall profit tax because of the decline in spot gold prices throughout 13. If gold prices increase, the Government of Ghana could proceed with its plan to implement the proposed 1% windfall profit tax. The Company’s aggressive place depends upon its ability to efficiently and economically purchase, discover, develop and function new and existing gold properties. Factors that enable gold producers to remain competitive out there over the long run embody the quality and size of ore our bodies, price of operations, and the acquisition and retention of certified employees. The Company competes with other mining firms within the acquisition, exploration, financing and growth of new mineral properties. There is significant competitors for a restricted variety of gold acquisition and exploration alternatives. The Company additionally competes with different mining corporations for skilled mining engineers, mine and processing plant operators and mechanics, mining equipment, geologists, geophysicists and different skilled technical personnel. Gold can be readily offered on quite a few markets throughout the world and its market worth may be readily ascertained at any time. Because there are a large number of gold purchasers, the Company is not economically dependent upon the sale of gold to any one buyer. the spot gold value to RGLD till 4, ounces have been delivered.

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