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Galiano Gold Inc. - $GAU STOCK NEWS

Welcome to our dedicated page for Galiano Gold news (Ticker: $GAU), a resource for investors and traders seeking the latest updates and insights on Galiano Gold stock.

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Rhea-AI Summary

Galiano Gold Inc. announces its Annual General Meeting will be held virtually on June 13, 2024, to address key agenda items like financial statements approval and director elections. The Company has nominated seven director candidates, including new nominees Moira Smith and Navin Dyal. Shareholders can access meeting materials online or request a paper copy.

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End-of-Day
6.67%
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Rhea-AI Summary

Galiano Gold Inc. reported its Q1 2024 operating and financial results after acquiring Gold Fields 's 45% interest in the Asanko Gold Mine, consolidating ownership and positioning as a growing gold producer. The AGM achieved notable safety records and gold production, with positive cash flow and financial performance despite elevated costs for future production. The Company ended the quarter with robust liquidity and no debt. Exploration programs are set to advance mineral resources and reserves, focusing on expanding production and value creation.

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-1.79%
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Rhea-AI Summary
Galiano Gold Inc. announces the retirement of Dr. Michael Price from its Board of Directors and the appointment of Mr. Navin Dyal and Dr. Moira Smith to the Board. Dr. Price, a mining finance consultant, will not stand for re-election at the 2024 AGM. Mr. Dyal, the CFO of Dundee Precious Metals, brings over 20 years of finance experience, while Dr. Smith, with over 30 years of industry experience, joins the Board. The Company expresses gratitude to Dr. Price for his contributions and welcomes the new appointees.
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Galiano Gold Inc. reports 2024 guidance, preliminary Q1 operating results, and a 38% increase in Abore M&I mineral resources. The company expects significant gold production growth in 2024, with AISC slightly elevated due to waste stripping. Preliminary Q1 results show 30,386 gold ounces produced. Abore M&I mineral resources increased by 181,000 ounces. The company had $130.8 million in cash and no debt as of March 31, 2024.
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3.45%
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Rhea-AI Summary
Galiano Gold Inc. provides an update on the 2023 drilling results at Abore, revealing a new high-grade zone and robust mineralization. The program aims to convert Inferred Mineral Resources to Indicated, optimizing the pit and expanding potential. The discovery of a high-grade zone in the southern part of Abore showcases excellent results, with significant gold intercepts. The Company plans to update Mineral Reserves and provide 2024 production guidance.
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-1.68%
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Galiano Gold Inc. announces the successful completion of the acquisition of Gold Fields Group Ltd.'s 45% interest in the Asanko Gold Mine, solidifying its position as a growing gold producer in West Africa. The acquisition involves issuing 28.5 million common shares to Gold Fields, with additional future considerations. Galiano and Gold Fields have entered into an amended investor rights agreement.
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9.62%
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Galiano Gold Inc. reports an incident at the Asanko Gold Mine involving illegal miners resulting in casualties. Operations remain unaffected, and investigations are ongoing to ensure safety.
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Rhea-AI Sentiment
End-of-Day
9.62%
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Rhea-AI Summary
Galiano Gold Inc. receives no objection from the Ministry of Lands and Natural Resources of Ghana to become the controller of Asanko Gold Ghana Ltd. after acquiring Gold Fields Limited's 45% interest in the Asanko Gold Mine.
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Galiano Gold Inc. reports Q4 and full year 2023 results, including the acquisition of Gold Fields' 45% interest in the Asanko Gold Mine. The AGM JV achieved strong safety records, exceeded gold production guidance, and maintained robust financial performance. The Acquisition aims to consolidate ownership, positioning Galiano as a growing gold producer in West Africa.
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-1.09%
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Rhea-AI Summary
Galiano Gold Inc. announces preliminary 2023 production results at the Asanko Gold Mine in Ghana, exceeding production guidance. The company has reached an agreement to acquire Gold Fields' 45% interest in the AGM, establishing itself as a growing gold producer. The Technical Report shows a robust mine life and after-tax net present value of $343 million. Galiano also resumed mining operations and completed a successful exploration program in 2023.
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-5.88%
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Galiano Gold Inc.

NYSE:GAU

GAU Rankings

GAU Stock Data

444.72M
127.09M
26.43%
55.29%
0.1%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About GAU

galiano gold inc. engages in the exploration, development, and production of gold properties. it operates and manages the asanko gold mine, which is located in ghana, west africa. the company was formerly known as asanko gold inc. and changed its name to galiano gold inc. in may 2020. galiano gold inc. was incorporated in 1999 and is headquartered in vancouver, canada.