Galiano Gold Inc Stock Price, News & Analysis

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.

Galiano Gold Inc. (GAU) reported its Q1 2021 results, showcasing gold production of 59,999 ounces, aligning with its yearly guidance of 225,000-245,000 ounces. The company achieved total cash costs of $989/oz and all-in sustaining costs of $1,158/oz. Gold revenue reached $110.6 million, net income after tax was $29.7 million, and free cash flow amounted to $20.5 million. The company also indicated plans for exploration initiatives in Ghana and Mali while maintaining strong safety metrics, with no reported injuries during the quarter.

Galiano Gold Inc. (GAU) announced its virtual Annual General Meeting (AGM) set for June 11, 2021, at 10am PDT. Shareholders can access details in the Proxy Circular available on SEDAR and the company's website. The agenda includes proposals to re-elect seven directors, reappoint KPMG LLP as auditors, and approve an advisory resolution on executive compensation. Shareholders seeking assistance with voting can contact the Laurel Hill Advisory Group. Galiano aims for sustainable growth through exploration and responsible financial management.

Galiano Gold Inc. (GAU) has acquired 100% of ABG Mali Exploration SARL from Barrick Gold for US$1.5 million. The acquisition includes four exploration licenses over an area of 167 km², located along the Senegal Mali Shear Zone, known for rich gold deposits. Galiano plans to conduct a soil sampling campaign and UAV geophysical surveys this year, with drilling scheduled for 2022. Galiano's CEO, Greg McCunn, expressed optimism about the acquisition, highlighting its potential value through attractive intercepts from previous drilling.

Galiano Gold Inc. (GAU) announced the initiation of exploration work on its 100% owned Asumura property in Ghana. This property, located along the Sefwi greenstone belt near Newmont's Ahafo mine, is undergoing soil sampling and geological mapping, with plans for follow-up drilling later in 2021. The Asumura property spans approximately 247 square kilometers across three concessions. CEO Greg McCunn expressed optimism about the potential of the Asumura property to generate value for shareholders, highlighting its geological setting as an attractive exploration target.

Galiano Gold Inc. (TSX: GAU) released its preliminary Q1 2021 results for the Asanko Gold Mine, reporting $110.6 million in gold revenue from selling 62,925 ounces at an average price of $1,757 per ounce. The company produced 59,999 ounces of gold and paid $10 million in cash distributions to joint venture partners. Safety standards were high, with zero recordable injuries. As of March 31, Galiano held approximately $65 million in cash and receivables, with no debt. Full results will be available on May 5, 2021.