Galiano Gold Inc Stock Price, News & Analysis

Galiano Gold Inc. (GAU) will hold its Annual General and Special Meeting (AGM) virtually on June 1, 2023, at 10 am PDT. Shareholders can find details in the management information circular. The AGM agenda includes reviewing the audited financial statements for the fiscal year ending December 31, 2022, electing six directors, approving various share option plans, and appointing auditors. Current directors Paul Wright, Michael Price, Judith Mosely, Dawn Moss, Greg Martin, and Matt Badylak are nominated for re-election. Notably, Gordon Fretwell will not seek re-election after 19 years. The Company uses notice-and-access for the AGM, allowing shareholders to access documents online. Galiano Gold operates the Asanko Gold Mine in Ghana, focusing on sustainable business practices and environmental management.

Galiano Gold Inc. (TSX: GAU) has officially changed its auditors from KPMG to Ernst & Young, effective April 11, 2023. The decision was made by the Company's board of directors, who expressed gratitude for KPMG's prior services. Importantly, there were no reservations reported by KPMG regarding Galiano's audited financial statements, signifying a clean break. The company has complied with National Instrument 51-102, filing the required Documentation Package on SEDAR. Galiano remains focused on sustainable operations and value creation through its Asanko Gold Mine in Ghana, emphasizing its commitment to environmental management and social responsibility.

Galiano Gold Inc. (GAU) reported its Q4 and full-year 2022 results, highlighting a strong safety performance and positive cash flows from the Asanko Gold Mine (AGM) joint venture with Gold Fields (GFI). The AGM achieved gold production of 34,090 ounces in Q4 2022, with annual production totaling 170,342 ounces, meeting revised guidance. Key financials include a net income of $103.2 million and an Adjusted EBITDA of $79.2 million for 2022. The AGM's life-of-mine plan has been revised with an expected annual production of 254,000 ounces from 2025 to 2030. 2023 guidance anticipates production between 100,000 and 120,000 ounces at elevated all-in sustaining costs of $1,900 to $1,975 per ounce.

Galiano Gold Inc. announced the results of an independent Feasibility Study for the Asanko Gold Mine, revealing reinstated Mineral Reserves and a robust operational outlook. The revised life-of-mine plan is expected to yield 1.85 million ounces of gold over an 8.5-year period at an all-in-sustaining cost of $1,143 per ounce. The after-tax net present value (NPV) is estimated at $343 million, based on a gold price of $1,700 per ounce. The company anticipates average annual production of 217,000 ounces, with peak production reaching 254,000 ounces from 2025 to 2030. Mining at the Abore site is set to resume in Q4 2023.

Galiano Gold Inc. (GAU) reported the tragic fatality of two contractors at the Asanko Gold Mine in Ghana on February 6, 2023. The incident occurred near the tailings storage facility and has prompted immediate support for affected individuals. Galiano expressed condolences and announced that an investigation is underway, reinforcing its commitment to safety and Zero Harm. The Asanko Gold Mine operates as a joint venture with Gold Fields Ltd (GFI), focusing on sustainable practices and stakeholder value creation.

Galiano Gold Inc. (GAU) announced preliminary operational results for Q4 and the full year 2022 from the Asanko Gold Mine in Ghana. The company achieved gold production of 34,090 ounces in Q4 and 170,342 ounces for the full year, significantly exceeding its guidance of 100,000-120,000 ounces. Financial results include Q4 gold revenue of $57.7 million at an average price of $1,686 per ounce. The company ended the year with a cash position of $97.6 million and no debt. Safety performance was strong, recording no injuries in Q4. A new Technical Report and updated Mineral Resource estimates are expected in Q1 2023.

Galiano Gold Inc. (GAU) reported its Q3 2022 results with significant operational and financial highlights. The Asanko Gold Mine achieved gold production of 43,899 ounces, increasing year-to-date production to 136,252 ounces and revising 2022 guidance to 160,000-170,000 ounces. Strong safety measures resulted in no lost-time injuries, while cash costs per ounce dropped to $1,001. The company generated $76.9 million in revenue, with a net income of $1.3 million. Cash reserves stood at $54.7 million with no debt, indicating a stable balance sheet.

On September 29, 2022, Galiano Gold Inc. (GAU) announced successful results from independent metallurgical tests at the Esaase deposit within the Asanko Gold Mine in Ghana. The tests showed overall weighted average gold recoveries of 87%, consistent with previous assessments. Different material types exhibited varied recoveries, ranging from 76% to 92%. CEO Matt Badylak highlighted that despite some lower recovery rates, these are manageable. The results set the stage for reinstating Mineral Reserves, anticipated in a forthcoming feasibility report due Q1 2023.