Galiano Gold Inc Stock Price, News & Analysis

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.

Galiano Gold Inc. (GAU) reported strong Q4 2020 results, with annual gold production of 249,904 ounces, exceeding guidance. The Asanko Gold Mine generated $152.3 million in operating cash flows and $66.9 million in free cash flow. The company achieved net income of $57.4 million for 2020, rebounding from a loss in 2019. Cash on hand was $62.2 million, debt-free. For 2021, Galiano targets gold production of 225,000 to 245,000 ounces with an all-in sustaining cost of $1,100 to $1,300 per ounce.

Galiano Gold Inc. (TSX: GAU) provides an update on its exploration program at the Asanko Gold Mine in Ghana. The ongoing Phase 3 drilling at the Miradani North target has yielded promising results, including significant intersections: Hole TTDD20-030 recorded 44.33m at 2.04 g/t, and Hole TTDD20-049 showed 133.3m at 1.44 g/t. A total of 33 holes have been drilled so far, with results from 11 holes pending. The company plans to drill six more strategic holes in March, leading to a maiden resource estimate expected in Q3 2021, further expanding the understanding of the 5km mineral trend.