Latest news with #AsankoGoldMine
Yahoo
2 days ago
- Business
- Yahoo
Galiano Gold Inc. (GAU) Reports Drilling Results for Abore Deposit; Scotiabank Reiterates ‘Hold' Rating
With significant hedge fund interest and a share price under $5, Galiano Gold Inc. (NYSE:GAU) secures a place on our list of the . A close-up of a hand placing a block of gold into a safe. On July 14, 2025, Galiano Gold Inc. (NYSE:GAU) reported results from a deep step-out drilling initiative at the Abore deposit, which is a part of the Asanko Gold Mine in Ghana. Abore is located strategically along the haul road to the processing plant with 638,000 ounces in Measured and Indicated Resources. Mineralization over a 1,200-meter strike length, extending 200 meters below the current Mineral Reserve pit shell and remaining open in all directions, was intercepted across all four holes in the 1,907-meter campaign. The results highlight potential for bulk underground mining, posing significant expansion opportunities. Building on the Phase 1 momentum achieved in May, Galiano Gold Inc. (NYSE:GAU) has initiated a Phase 2 infill drilling program. Under this second phase, the company will further test extensions immediately below existing Mineral Reserves and Resources. Following the results, Scotiabank reiterated its 'Hold' rating on Galiano Gold Inc. (NYSE:GAU) with a $2.54 price target. Operating through its Asanko Gold Mine, Galiano Gold Inc. (NYSE:GAU) explores for and produces gold. It is included in our list of the Best Penny Stocks. While we acknowledge the potential of GAU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy Under $3 and Bill Ackman Stock Portfolio: Top 10 Stock Picks. Disclosure: None.
Globe and Mail
12-05-2025
- Business
- Globe and Mail
GALIANO GOLD RELEASES 2024 SUSTAINABILITY REPORT
VANCOUVER, BC , May 12, 2025 /CNW/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce the release of its 2024 Sustainability Report (the "Report"), covering both its corporate office and the Asanko Gold Mine (the "AGM"). This Report focuses on the Company's continuous progress on its environmental, social, and governance performance and outlines its vision for sustainability going forward. 2024 Sustainability Report Highlights: Environment Zero significant environmental incidents. 57.54 ha of land under active rehabilitation. 18% of AGM's electrical energy needs met by renewable sources (solar). Social, Health & Safety Esaase Social Responsibility Fund operationalized. 99.8% AGM Ghanaian workforce. 360 Ghanaian businesses supported. 2,500 community members included in free health screening campaigns. Governance Human Rights Impact Assessment audit completed. Independent Tailings Review Panel key recommendations implemented. To view or download a copy of the Report, please see the Sustainability section of the Galiano Gold website at About Galiano Gold Inc. Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, located in Ghana , West Africa . Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities. For more information, please visit
