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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.

Galiano Gold Inc. (symbol: GAU) is a company engaged in the exploration, development, and production of gold properties. Headquartered in Vancouver, Canada, Galiano operates primarily in Ghana, West Africa, where it manages the Asanko Gold Mine—a multi-deposit complex consisting of the Obotan and Esaase Projects.

Founded in 1999 and formerly known as Asanko Gold Inc., the company rebranded to Galiano Gold Inc. in May 2020, reflecting its focus on sustainable and long-term value creation. Galiano's core business integrates exploration, strategic acquisitions, and disciplined financial management to enhance stakeholder value.

The Asanko Gold Mine (AGM) is situated in the Amansie West District of Ghana. This massive complex includes several deposits, with the recent addition of the Nkran deposit, adding to its portfolio. A standout achievement for Galiano is its recent binding share purchase agreement with Gold Fields Limited to acquire a 45% stake in AGM, consolidating Galiano's control over one of West Africa's largest gold mines. This acquisition, valued at $20 million in common shares and up to $85 million in future cash considerations, significantly strengthens Galiano's position as an emerging mid-tier gold producer.

In 2023, the AGM exceeded production guidance for the second consecutive year, further solidifying the mine's operational success. The company reports robust financial health, with no debt and a strong cash position that is expected to grow following recent transactions. Galiano continues to invest in its operations, including a $15 million exploration program planned for 2024 aimed at extending the life of the mine and realizing new value.

Galiano is committed to high standards of environmental management, social responsibility, and the safety of its employees and neighboring communities. Recent initiatives include an enhanced understanding of the Asankrangwa Gold Belt's prospectivity and ongoing exploration targets in 2024 to further expand its resource base.

The company also upholds transparency and accountability through regular updates and conference calls with stakeholders, ensuring compliance with regulatory standards. Galiano's recent operational highlights include significant increases in measured and indicated mineral resources at the Abore deposit and the achievement of notable exploration milestones.

Galiano Gold Inc. envisions continued growth and value creation through strategic initiatives, robust financial management, and a commitment to sustainable mining practices. For more detailed information, visit their official website at www.galianogold.com.

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Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) has announced the release date for its Q3 2024 financial and operational results. The company will publish the results after market close on November 7, 2024. A conference call to discuss the results is scheduled for November 8, 2024, at 10:30 AM ET (7:30 AM PT).

Interested parties can join the call using the following dial-in numbers:

  • Local: (+1) 437-900-0527
  • Toll Free: 1-888-510-2154

A replay of the call will be available until November 15, 2024, using:

  • Local: (+1) 289-819-1450
  • Toll Free: 1-888-660-6345
  • Access Code: 09652 #

The call will also be webcast and accessible via Galiano's website at www.galianogold.com.

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Galiano Gold (TSX: GAU, NYSE American: GAU) reported its Q2 2024 production and financial results, along with a significant 45% increase in the Abore deposit Mineral Reserve estimate to 485,000 ounces of gold.

Gold production for Q2 was 26,437 ounces at an all-in sustaining cost (AISC) of $1,759/oz, generating $9.2 million in operating cash flows. The company remains debt-free with $123 million in cash.

Due to slower ramp-up and lower mill throughput, Galiano revised its 2024 production guidance to 120,000-130,000 ounces from 140,000-160,000 ounces and increased AISC guidance to $1,975-$2,075/oz from $1,600-$1,750/oz.

Q2 revenue was $64 million with net income of $13.9 million. Adjusted EBITDA was $19.3 million.

The company announced the appointment of Michael Cardinaels as Executive VP and COO, effective September 3, 2024.

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Galiano Gold (TSX: GAU, NYSE American: GAU) released its 2023 Sustainability Report, covering its corporate office and the Asanko Gold Mine. The report highlights the company's adherence to international sustainability standards such as the Global Reporting Initiative and the Sustainability Accounting Standards Board's Metals and Mining Standards. Key environmental achievements include zero significant incidents, reclamation activities on 25 hectares, and maintaining cyanide management certification. Social initiatives featured the launch of a mental health program, $139 million spent on local procurement, and the completion of several community infrastructure projects. Governance efforts included refresher training on human rights principles and a risk assessment in line with TCFD guidelines. The company also addressed contractor safety following fatalities earlier in the year with an independent safety audit and implemented control measures.

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Galiano Gold (GAU) will release its Q2 2024 financial and operational results on August 8, 2024, after market close. The company has scheduled a conference call for August 9, 2024, at 10:30 AM ET (7:30 AM PT). Investors can dial in using the provided local and toll-free numbers or access the webcast link available on Galiano's website.

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Galiano Gold (TSX: GAU, NYSE American: GAU) announced that all resolutions presented at their Annual General Meeting on June 13, 2024, were approved by shareholders. Key decisions included fixing the number of directors at seven, re-electing the seven nominees as directors, re-appointing EY LLP as auditors, and approving the company’s executive compensation approach. The number of directors was set with 99.31% of votes in favor. Each director nominee received over 99.82% votes in favor. EY LLP was reappointed with 99.31% approval, and 99.64% of shareholders endorsed the executive compensation plan.

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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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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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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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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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FAQ

What is the current stock price of Galiano Gold (GAU)?

The current stock price of Galiano Gold (GAU) is $1.585 as of November 6, 2024.

What is the market cap of Galiano Gold (GAU)?

The market cap of Galiano Gold (GAU) is approximately 408.5M.

What is the primary business of Galiano Gold Inc.?

Galiano Gold Inc. engages in the exploration, development, and production of gold properties, primarily in Ghana, West Africa.

Where is Galiano Gold Inc. headquartered?

Galiano Gold Inc. is headquartered in Vancouver, Canada.

What significant acquisition did Galiano Gold Inc. recently complete?

Galiano Gold Inc. recently acquired a 45% interest in the Asanko Gold Mine from Gold Fields Limited, consolidating its control over one of the largest gold mines in West Africa.

What are the key projects managed by Galiano Gold Inc.?

Galiano Gold Inc. manages the Asanko Gold Mine, which includes the Obotan and Esaase Projects, and the recently added Nkran deposit in Ghana.

How does Galiano Gold Inc. ensure sustainable mining practices?

Galiano Gold Inc. is committed to high standards of environmental management, social responsibility, and the safety of its employees and neighboring communities.

What financial position does Galiano Gold Inc. currently hold?

Galiano Gold Inc. maintains a strong financial position with no debt and a robust cash balance that is expected to grow following recent acquisitions.

What recent achievements has Galiano Gold Inc. reported?

In 2023, Galiano Gold Inc.'s Asanko Gold Mine exceeded production guidance for the second consecutive year, indicating strong operational performance.

What is Galiano Gold Inc.'s exploration strategy for 2024?

Galiano Gold Inc. plans a $15 million exploration program in 2024, focusing on both generative and near-mine exploration activities to extend the life of the mine.

What are the highlights of Galiano Gold Inc.'s latest financial results?

For Q1 2024, Galiano Gold Inc. reported operational and financial results, including a significant increase in cash balance and no debt, following the consolidation of ownership in the Asanko Gold Mine.

How does Galiano Gold Inc. communicate with its stakeholders?

Galiano Gold Inc. regularly updates its stakeholders through news releases, conference calls, and its official website, ensuring transparency and compliance with regulatory standards.

Galiano Gold Inc.

NYSE:GAU

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GAU Stock Data

408.50M
256.92M
23.08%
55.17%
0.2%
Gold
Basic Materials
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United States of America
Vancouver