Galiano Gold Inc Stock Price, News & Analysis

Galiano Gold Inc. (TSX/NYSE: GAU) reported Q1 2025 results from its 90%-owned Asanko Gold Mine in Ghana. Key highlights include: gold production of 20,734 ounces at AISC of $2,501/oz, with sales of 26,994 ounces at an average price of $2,833/oz. The quarter saw operational challenges with a 14-day processing plant shutdown that reduced production by 4,500-5,000 ounces. Mining focused on Abore and Esaase deposits, with development at Nkran cut 3 starting ahead of schedule. Financial results show revenue of $76.6M, operating cash flow of $25.9M, and a net loss of $0.10 per share. The company maintains a strong balance sheet with $106.4M in cash and no debt. Management expects production to improve in subsequent quarters, with annual production likely near the lower end of guidance range.

Galiano Gold (NYSE: GAU) has published its 2024 Sustainability Report, highlighting key environmental, social, and governance achievements. The report covers both corporate operations and the Asanko Gold Mine (AGM) in Ghana. Environmental highlights include zero significant incidents, 57.54 hectares under rehabilitation, and 18% of AGM's power needs met by solar energy. On the social front, the company maintains a 99.8% Ghanaian workforce, supports 360 local businesses, and provided free health screenings to 2,500 community members. Governance achievements include completing a Human Rights Impact Assessment audit and implementing key recommendations from the Independent Tailings Review Panel.

Galiano Gold Inc. (TSX/NYSE American: GAU) has announced its virtual Annual General Meeting (AGM) scheduled for June 12, 2025, at 10:00 am PDT. The AGM agenda includes receiving 2024 audited financial statements, fixing board size at eight directors, electing directors, appointing auditors, and approving executive compensation approach. The company has nominated eight current directors for re-election: Paul Wright, Judith Mosely, Dawn Moss, Greg Martin, Moira Smith, Navin Dyal, Lauren Roberts, and Matt Badylak.

Meeting materials are available through SEDAR, EDGAR, and the company's website. Shareholders can request paper copies of the Proxy Circular through various contact methods provided.

Galiano Gold (GAU) has announced significant drilling results from its Abore deposit at the Asanko Gold Mine in Ghana. The company discovered a new high-grade zone with an impressive intercept of 50m @ 3.2 g/t gold below the current Mineral Reserve pit shell. The 2025 infill drilling program, comprising 26 holes totaling 5,543 meters, revealed multiple high-grade intervals at Abore South, including notable intercepts such as 34m @ 12.0 g/t Au and 38m @ 6.7 g/t Au. The Abore deposit currently holds Measured and Indicated Resources of 638,000 ounces @ 1.24 g/t Au and Inferred Resources of 78,000 ounces @ 1.17 g/t Au. The company aims to establish its first underground resource at AGM in 2025, with Abore and Nkran identified as promising targets for underground mine life extension.

Galiano Gold (TSX: GAU) (NYSE American: GAU) has announced it will release its first quarter 2025 financial and operational results after market close on May 14, 2025. The company will host a conference call and webcast to discuss Q1 results on May 15, 2025, at 7:30 AM PT (10:30 AM ET).

The conference call will be accessible via dial-in numbers (toll-free: 1-888-510-2154 or direct: 437-900-0527) and will be available for replay until May 22, 2025 (toll-free: 1-888-660-6345 or local: 289-819-1450, access code: 56275#). The webcast can be accessed through https://app.webinar.net/XgGke8v6Y4E or the company's website.

Galiano Gold Inc. (TSX/NYSE: GAU) reported its Q4 and full year 2024 results, highlighting the completion of acquiring Gold Fields' 45% interest in the Asanko Gold Mine (AGM), increasing its ownership to 90%. In Q4 2024, the company produced 28,508 gold ounces at all-in sustaining costs (AISC) of $2,638/oz, generating $13.8M in operating cash flows.

FY 2024 production reached 115,115 gold ounces at AISC of $2,063/oz, falling below revised guidance of 120,000-130,000 ounces due to lower throughput from crusher availability issues and harder ore processing. The company ended 2024 with a strong financial position of $105.8M in cash and no debt.

Key developments include terminating the gold offtake agreement with Red Kite for $13.1M, updating mineral reserves to 2.1M ounces, and awarding the Nkran mining contract. The company reported Q4 net income of $0.9M and FY 2024 net income of $6.1M.

Galiano Gold (TSX/NYSE: GAU) has announced its 2025 guidance and updated mineral reserves for the Asanko Gold Mine (AGM) in Ghana. The company expects 2025 production of 130,000-150,000 oz of gold at all-in sustaining costs of $1,750-$1,950 per ounce.

Key highlights include total mineral reserves of 2,055,000 ounces of gold and a new five-year production outlook projecting a 75% increase from 2024 levels over the next 24 months. The company plans to commence significant pit wall pushback at Nkran by mid-2025 and focus exploration on Akoma and Sky Gold B prospects.

With a strong cash balance over $100 million and no debt, Galiano expects to reach approximately 200,000 ounces of annual gold production by 2026. The 2025 capital expenditure includes $15 million in sustaining capital and $60-65 million in development capital, primarily for Nkran Cut 3 waste stripping and mill upgrades.

Galiano Gold Inc. (TSX/NYSE: GAU) reported its 2024 operational achievements, highlighting gold production of 115,115 ounces at its Asanko Gold Mine (AGM) in Ghana. The company completed a transaction with Gold Fields , increasing its AGM ownership to 90%. Key operational highlights include improved safety metrics, with 12-month rolling lost-time and injury frequency rates of 0.15 and 0.58 respectively.

The company maintained strong financial position with approximately $105 million in unaudited cash and remains debt-free. Mining improvements led to a 51% increase in ore mined in H2 compared to H1, with daily mined tonnage averaging 121,000 tonnes in H2. Mill upgrades included additional crushing capacity and carbon-in-leach tanks.

Exploration success included a 45% expansion of Abore Mineral Reserves and promising drilling results at Midras South, Akoma, and Sky Gold B targets. The company terminated its offtake agreement with Red Kite and strengthened its leadership team with key appointments.

Galiano Gold (TSX/NYSE: GAU) has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund for US$13 million. The agreement previously required the Asanko Gold Mine (AGM) to sell 100% of its gold production, up to 2.2 million ounces, at prices selected by Red Kite during a nine-day quotational period post-shipment.

Prior to termination, AGM had delivered 1,706,407 gold ounces under the agreement. Over the past two years, the arrangement resulted in approximately 2% price discount compared to spot prices during periods of elevated gold prices and volatility. The termination allows AGM to now sell gold at market prices.