Galiano Gold Inc
TSX:GAU
Galiano Gold Inc
Galiano Gold, Inc. engages in the acquisition and exploration of mineral resources. The company is headquartered in Vancouver, British Columbia and currently employs 516 full-time employees. The company went IPO on 2001-06-25. The Company’s principal business activity is the operation of the Asanko Gold Mine (AGM) through a joint venture arrangement (the JV). The AGM consists of two neighboring gold projects, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana (Ghana), West Africa. In addition to its interest in the AGM, the Company holds gold concessions in various stages of exploration. The concessions include a portfolio of Ghanaian properties through its 50% interest in the JV and the 100% owned Asumura property in Ghana, in addition to exploration properties in Mali 100% owned by the Company. Its subsidiaries include Galiano Gold South Africa (PTY) Ltd., Consolidated Galiano International (Isle of Man) Limited, Shika Group Finance Limited and Consolidated Asanko Gold Ghana Limited.
Galiano Gold, Inc. engages in the acquisition and exploration of mineral resources. The company is headquartered in Vancouver, British Columbia and currently employs 516 full-time employees. The company went IPO on 2001-06-25. The Company’s principal business activity is the operation of the Asanko Gold Mine (AGM) through a joint venture arrangement (the JV). The AGM consists of two neighboring gold projects, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana (Ghana), West Africa. In addition to its interest in the AGM, the Company holds gold concessions in various stages of exploration. The concessions include a portfolio of Ghanaian properties through its 50% interest in the JV and the 100% owned Asumura property in Ghana, in addition to exploration properties in Mali 100% owned by the Company. Its subsidiaries include Galiano Gold South Africa (PTY) Ltd., Consolidated Galiano International (Isle of Man) Limited, Shika Group Finance Limited and Consolidated Asanko Gold Ghana Limited.
Production Increase: Gold production rose to 32,533 ounces in Q3, up 7% from Q2, helped by improved grades and throughput after commissioning the secondary crusher.
Revenue Growth: Revenue reached $114 million, up 17% quarter-over-quarter due to higher production and stronger gold prices.
Revised Guidance: 2025 production guidance was lowered to 120,000–125,000 ounces due to the temporary shutdown at Esaase, and all-in sustaining cost guidance was raised to $2,200–$2,300 per ounce.
Cost Management: All-in sustaining costs remained high at $2,283 per ounce in Q3 but are expected to decrease in Q4 as volumes rise.
Strong Balance Sheet: The company ended Q3 with $116 million in cash and no debt, and is setting up a $75 million revolving credit facility.
Exploration Success: Drilling at Abore delivered high-grade results, leading to an expanded program with an additional 10,000 meters of drilling scheduled.
Esaase Incident: Mining at Esaase was paused in September after a security incident but has since resumed and is ramping up.
