Galiano Gold Inc Stock Price, News & Analysis

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.

Galiano Gold Inc. (GAU) reported its Q2 2021 financial results, revealing a gold production of 50,421 ounces and year-to-date production of 110,420 ounces. Revenue reached $95.1 million from 53,348 ounces sold at an average price of $1,782 per ounce. However, the company revised its all-in sustaining costs (AISC) guidance upward to $1,350-$1,450 per ounce due to increased operational costs and lower plant feed grades. Despite challenges, Galiano maintains a strong balance sheet with $58.5 million in cash, remaining debt-free, and plans for future exploration initiatives.

Galiano Gold Inc. (TSX: GAU, NYSE American: GAU) announced preliminary Q2 2021 results for the Asanko Gold Mine in Ghana. Gold revenue was $95.1 million from the sale of 53,348 ounces at an average price of $1,782 per ounce. The mine produced 50,421 ounces of gold, aligned with guidance. No safety incidents were reported, maintaining an excellent safety record. The company is now debt-free after repaying $15 million on its credit facility and anticipates further improvements as it resumes ore delivery from Akwasiso.

Galiano Gold Inc. (TSX: GAU) announced on June 14, 2021, the resignation of Chief Executive Officer Greg McCunn, who also stepped down as a director. Matt Badylak, the current Chief Operating Officer, has been appointed as the new President & CEO and has joined the board. Badylak brings over 20 years of mining experience from various regions, including North America and Africa. The company is focused on maximizing value from the Asanko Gold Mine in Ghana and exploring growth opportunities for enhancing shareholder investment.

Galiano Gold Inc. (TSX: AKG) announced that all resolutions were passed at its Annual General Meeting on June 11, 2021. The election of directors was successful, with high approval rates, notably Greg McCunn and Judith Mosely receiving 99.91% votes in their favor. KPMG LLP was re-appointed as auditor, achieving a 99.97% approval. An advisory vote on executive compensation was passed with 88.21% favor. The company aims for long-term value through sustainable growth and operates the Asanko Gold Mine in Ghana.

Galiano Gold Inc. (GAU) has announced updates from its exploration program at the Asanko Gold Mine in Ghana. Recent drilling at the Miradani North target has confirmed a significant mineralized system extending to over 300m depth. A maiden Resource estimate is anticipated in Q3 2021, following over 17,300m of drilling across 59 holes. Key results include intercepts of up to 40m at 2.8 g/t and 20.1m at 4.8 g/t gold. Ongoing drilling along the 5-km Miradani trend aims to enhance resource estimates.