Galiano Gold Inc Stock Price, News & Analysis

Galiano Gold Inc. (GAU) reported Q4 and full-year 2021 results, with annual gold production of 210,241 ounces, below guidance of 215,000-220,000 ounces. Q4 production yielded 50,278 ounces, while total cash costs per ounce reached $1,257. The company reported gold revenue of $381.7 million from 216,076 ounces sold. However, an impairment charge of $153.2 million resulted in a net loss of $114.5 million. For 2022, Galiano aims for gold production between 100,000-120,000 ounces, processing existing stockpiles. The company maintains a cash position of $53.5 million with no debt.

Galiano Gold Inc. (TSX: GAU, NYSE: GAU) announces the resignation of CFO Fausto Di Trapani, effective early May 2022, as he pursues another opportunity. Di Trapani will ensure a smooth transition before his departure. The company plans to appoint Matt Freeman, the current SVP Finance, as the new CFO, aligning with its succession plan. Galiano Gold operates the Asanko Gold Mine in Ghana and is committed to sustainable business practices focused on long-term stakeholder value.

Galiano Gold Inc. (TSX: GAU) announced a lower than expected gold recovery at the Asanko Gold Mine in Ghana. Recent assays indicate tailings with gold grades of approximately 0.40g/t, much higher than the historic 0.10g/t, which is impacting recovery. The company plans a comprehensive work program to investigate this anomaly, including independent analyses and additional drilling. Despite the issues, Galiano does not foresee changes to its past financial statements or 2021 gold production. The impact of these lower recoveries remains uncertain, with potential for increased costs or operational suspensions.

Galiano Gold Inc. (GAU) reported preliminary Q4 2021 and full-year results from the Asanko Gold Mine, revealing $381.7 million in annual revenue from 216,076 ounces sold, averaging $1,767 per ounce. Q4 alone generated $91.0 million from 51,368 ounces at $1,771 per ounce. However, annual production fell short of guidance with 210,241 ounces produced. Notably, the company maintained a strong safety record, with only one reported injury. Cash reserves stood at $49.2 million, and the operation remains debt-free.

Galiano Gold Inc. (GAU) has announced promising drilling results from its 2021 exploration at the Asanko Gold Mine in Ghana. The results indicate substantial gold mineralization potential across several properties: Dynamite Hill, Kaniago West, and Midras South. Key intercepts include 5.1m at 10.5 g/t Au from Dynamite Hill and 19.2m at 9.1 g/t Au from Midras South. Galiano plans to update its Mineral Reserve and Resource statement in Q1 2021, indicating ongoing exploration efforts into 2022, particularly targeting underground potential at Nkran and Miradani.

Galiano Gold Inc. (GAU) announced Q3 2021 results revealing a gold production of 49,543 ounces, down from 50,421 ounces in Q2 2021. Total revenue for the quarter was $85.3 million, reflecting a $15.4 million drop from Q3 2020, primarily due to a 10% decline in sales volume and lower realized prices. The company revised its full-year production guidance to 215,000-220,000 ounces. Despite production challenges, Galiano maintained a strong balance sheet with $55.8 million in cash and no debt, while reporting a net income of $4.1 million and free cash flow of $11.9 million.

Galiano Gold Inc. (GAU) released preliminary Q3 2021 operating results for the Asanko Gold Mine in Ghana, highlighting a gold revenue of $85.2 million from the sale of 48,435 ounces at an average price of $1,758 per ounce. Gold production during the quarter totaled 49,543 ounces, aligning with 2021 guidance. The joint venture holds $53 million in cash, with no debt and $30 million available on credit. The company expects improved production in Q4 due to ongoing developments at the Akwasiso site.

Galiano Gold Inc. (TSX: GAU) has appointed Ms. Dawn Moss as a Non-Executive Director, effective September 15, 2021. With over 25 years of experience in the mining sector, she previously served as Executive Vice President at Eldorado Gold Corporation and has been involved with various public and private boards, most recently with Roxgold Inc. Paul Wright, Chair of the Board, expressed enthusiasm for her appointment, emphasizing her extensive experience in the industry. Galiano continues to focus on sustainable growth and value creation, operating the Asanko Gold Mine in Ghana.