Galiano Gold Inc Stock Price, News & Analysis

Galiano Gold reported Q3 2024 production of 29,784 gold ounces at the Asanko Gold Mine (AGM) with all-in sustaining costs of $2,161 per ounce. The company generated $24.4 million in operating cash flows and maintained $120.9 million in cash with no debt. Mining rates at Abore increased 32% compared to Q2, averaging 113,000t per day. Gold production was 13% higher than Q2 due to higher mined grades and improved recovery rates from 82% to 91%. The company expects to meet the lower end of full-year guidance of 120,000-130,000 ounces. Revenue was $71.0 million from 29,014 ounces sold at an average price of $2,446/oz.

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.

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.

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.

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.

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.

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.

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.