Galiano Gold Inc Stock Price, News & Analysis

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.

Galiano Gold Inc. reports strong Q2 2020 results from the Asanko Gold Mine, achieving record gold production of 69,026 ounces at an AISC of $1,067/oz. The quarter generated gold sales proceeds of $101.3 million, with net income of $14.7 million. The company holds $68 million in cash and receivables as of June 30, 2020. Despite a successful quarter, production is expected to decline in H2 2020 due to lower-grade ore sourcing. The company continues to engage in exploration, indicating positive mineralization extensions at key pits.

Galiano Gold Inc. (TSX: GAU) reported strong Q2 2020 results from the Asanko Gold Mine, achieving record gold production of 69,772 ounces and generating $101.3 million in gold sales proceeds. The company mined 1.36 million tonnes of ore with an average gold grade of 1.4 g/t. It anticipates producing between 225,000 and 245,000 ounces of gold in 2020 at all-in sustaining costs of $1,000 to $1,100 per ounce. Galiano's cash and receivables increased to approximately $68 million with no debt. Health measures against COVID-19 are in place, with 10 active cases among contractors.