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. (GAU) generates a steady flow of news tied to its gold mining operations and exploration programs at the Asanko Gold Mine in Ghana. As a producer and explorer in the gold ore mining sector, the company regularly issues updates on quarterly operating and financial results, drilling campaigns, and key operational events that can be relevant to investors following GAU stock.
Many of Galiano’s news releases focus on performance at the Asanko Gold Mine, where the company holds a 90% interest. These updates include information on ore mined and milled, gold production and sales, all-in sustaining costs, and cash flow from operating activities. Investors can track how mining at deposits such as Abore, Esaase and Nkran contributes to overall results, as well as how processing plant improvements, like the secondary crushing circuit, affect throughput and recoveries.
Another major category of news relates to exploration results, particularly at the Abore deposit. Galiano has reported multiple phases of drilling at Abore, including infill and deep step-out programs, with detailed intercepts such as multi-meter intervals at grades above the existing Mineral Resource average. These releases describe the discovery of new high-grade ore shoots beneath the Abore South, Main and North pits, the continuity of mineralization along strike and at depth, and the potential implications for future Mineral Resource and Mineral Reserve growth.
Additional news items cover corporate and governance developments, such as notices of upcoming earnings releases and conference calls, Annual General Meeting voting results, and statements on significant incidents affecting operations or local communities. For readers monitoring GAU news, this page offers a consolidated view of operational performance, exploration progress, and corporate announcements over time.
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 (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.
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