Galiano Gold Inc Stock Price, News & Analysis

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.

Galiano Gold Inc. (GAU) reported strong Q4 2020 operating results for the Asanko Gold Mine, with an annual production of 249,904 ounces, exceeding guidance. Revenue reached a record $418.1 million, and Q4 revenue was $111.1 million from 60,655 ounces sold at $1,828/oz. The company achieved a significant cash flow of $152.3 million and all-in sustaining costs below guidance at $1,115/oz. For 2021, guidance remains stable at 225,000 to 245,000 ounces, with AISC expected to range from $1,100 to $1,300/oz, with ongoing exploration efforts targeting resource expansion.

Galiano Gold Inc. has provided an update on the exploration program at the Asanko Gold Mine joint venture with Gold Fields Ltd. The Miradani North target, located 10 km from the processing plant, has seen encouraging results from a Phase 3 drilling program, now 80% complete with 28 holes totaling 7,896m. Assays for 56% of the drilling have been received, revealing significant mineralization, with grades up to 6.3 g/t gold. CEO Greg McCunn emphasizes that Miradani North remains a top priority as they prepare for further engineering studies and resource estimates.

Galiano Gold Inc. (GAU) has announced an update on its 2020 exploration program at the Asanko Gold Mine in Ghana, following positive drilling results. The company has shifted its focus to the Miradani trend, launching a Phase 3 drilling program with 50 holes after completing a successful Phase 2 campaign. Highlights include significant gold intercepts, with Phase 2 drilling yielding up to 2.5 grams per tonne gold. CEO Greg McCunn emphasizes that Miradani is a top priority, and further drilling is planned for early 2021 to expand the existing resource knowledge.

Galiano Gold Inc. (GAU) reported Q3 2020 results, revealing net income after tax of $3.2 million and adjusted EBITDA of $6.5 million. Gold production reached 48,974 ounces, with all-in sustaining costs (AISC) of $1,488 per ounce. Gold sales totaled 53,975 ounces, generating $100.5 million in revenue. The company holds $66.4 million in cash and receivables, while negative free cash flow stood at $4.2 million. The AGM continues to operate safely under COVID-19 measures, with ongoing exploration and development efforts.

Galiano Gold Inc. (TSX: GAU, NYSE American: GAU) will announce its Q3 2020 financial and operational results on November 6, 2020, prior to market opening.

The company operates the Asanko Gold Mine in Ghana and is committed to sustainable business practices and environmental management.

Galiano aims to create long-term value through production growth and exploration, focusing on responsible resource deployment and stakeholder engagement.

Galiano Gold Inc. (TSX: GAU, NYSE: GAU) has provided an update on its exploration program at the Asanko Gold Mine in Ghana. The completed 33-hole drilling program at the Nkran pit has confirmed and improved confidence in the Mineral Reserve Estimate for the upcoming Cut 3 phase, with significant gold intercepts reported.

Highlights include Hole 025 yielding 30 meters at 21.5 g/t gold. The current focus includes evaluating a transition to underground mining. The second phase of drilling is underway to test mineralization in planned waste pushbacks. An updated Mineral Resource and Reserve Estimate is expected by Q1 2021.

Galiano Gold Inc. has appointed Matt Badylak as Executive Vice President and Chief Operating Officer, effective immediately. He brings over 20 years of mining experience, including significant roles at Eldorado Gold, where he led cost-saving initiatives and operational optimizations. Badylak's expertise is expected to enhance operational efficiencies at the Asanko Gold Mine in Ghana. CEO Greg McCunn expressed excitement about Badylak's vision and leadership capabilities, which are anticipated to drive the company's production growth and sustainability initiatives.

Galiano Gold Inc. (TSX: GAU, NYSE: GAU) announced the passing of its Chief Operating Officer, Mr. Josephat Zvaipa, due to COVID-19 complications on July 31, 2020. Zvaipa, who joined the company in 2014, was instrumental in the development of the Asanko Gold Mine, having served as Managing Director of Asanko Gold Ghana Limited from 2015 to 2019. His leadership will be missed, and the operations of the Asanko Gold Mine will now be overseen by Executive Vice-President Fred Attakumah. Galiano Gold remains dedicated to sustainable business practices and stakeholder value creation.