Latest news with #GAU
Yahoo
16-05-2025
- Business
- Yahoo
Galiano Gold Inc (GAU) Q1 2025 Earnings Call Highlights: Strong Financial Position and ...
Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Galiano Gold Inc (GAU) maintains a robust financial position with $106 million in cash and zero debt. The company achieved significant exploration success at Abore, identifying a promising high-grade zone beneath the main pit. A 75% increase in gold production is projected by 2026, indicating strong future growth potential. The secondary crusher project is on track for completion in Q3 2025, which is expected to enhance mill throughput. Operating costs are being well managed, with unit costs for mining at Abore and Assassi in line with expectations. The company experienced two lost time injuries (LTIs) during the quarter, reflecting a need for improved safety measures. An unscheduled two-week mill shutdown due to repairs reduced production by approximately 5,000 ounces. Net earnings were negatively affected by fair value adjustments to the hedge book, resulting in a net loss of $29 million. The impact of high gold prices and increased government levies could raise all-in sustaining costs (ASIC) by up to $55 per ounce. Production figures for Q1 2025 were lower than expected, moving towards the lower end of guidance for the year. Warning! GuruFocus has detected 3 Warning Signs with GAU. Q: Can you walk us through your intermediate and longer-term expectations for drilling, especially in the south pit? A: Unidentified_5 (Exploration VP): We focused on the south pit to confirm the robustness of the high-grade zone, which exceeded our expectations. The strike length expanded from 90m to 180m. We discovered a new high-grade zone below the reserve pit, which was unexpected. We plan to test deeper targets along the ore body and explore both open pit and underground mining scenarios. Q: What happened with the cost of the secondary crusher equipment versus expectations, and what downtime should we expect for the install? A: Unidentified_4 (CFO): The secondary crusher project remains on budget, with most equipment costs paid in installments. We expect minimal downtime for installation, as most pre-works can be done while the plant is running. The shutdown for tie-in will be brief, and we plan to conduct other maintenance simultaneously. Q: Should we model any significant impact from the crusher installation shutdown? A: Unidentified_3 (COO): We don't expect a significant impact from the shutdown. We have contingencies in place, and the production forecasts already account for this downtime. Q: How did the drilling results compare to your expectations, and what are the next steps? A: Unidentified_5 (Exploration VP): The drilling results were better than expected, with wider and higher-grade intercepts. We discovered a new high-grade zone, and the next steps include testing down-dip extensions and structural targets for potential underground mining. Q: Are there any concerns about the impact of high gold prices and increased levies on costs? A: Unidentified_4 (CFO): High gold prices increase royalty costs, and the Ghanaian government's levy impacts ASIC by up to $55 per ounce. However, mining costs remain below $3.50 per ton, helping sustain margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
14-05-2025
- Business
- Yahoo
Galiano Gold: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Galiano Gold Inc. (GAU) on Wednesday reported a loss of $26.8 million in its first quarter. The Vancouver, British Columbia-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share. The gold mining company posted revenue of $76.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GAU at
Washington Post
14-05-2025
- Business
- Washington Post
Galiano Gold: Q1 Earnings Snapshot
VANCOUVER, British Columbia — VANCOUVER, British Columbia — Galiano Gold Inc. (GAU) on Wednesday reported a loss of $26.8 million in its first quarter. The Vancouver, British Columbia-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share. The gold mining company posted revenue of $76.6 million in the period.
Yahoo
14-05-2025
- Business
- Yahoo
Galiano Gold: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Galiano Gold Inc. (GAU) on Wednesday reported a loss of $26.8 million in its first quarter. The Vancouver, British Columbia-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share. The gold mining company posted revenue of $76.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GAU at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mirror
23-04-2025
- Entertainment
- Daily Mirror
Unremarkable £429,000 house on sale where young David Bowie grew up before fame
The current owner of the terraced home says her grandparents met David Bowie as a six-year-old child playing in the back garden decades before he found fame and made millions By GAU Writer For David Bowie superfans, now is your opportunity to nose around the place the star called home before Ziggy Stardust was even a twinkle in his eye. The star's childhood home has gone on the market for £429,000, and if you play your cards right, there could be an chance to make a £107,000 profit. David Robert Jones, was six years old when the future chameleon of rock lived in Bromley with his family, back when the London suburb was still part of Kent. The modest two-bedroom house is nothing special from the outside. It has a spacious garden, light rooms and is well-located near Bickley station. But the magic and money lies in its history. "This house has been in my family for a long period of time," the current owner, Victoria Bulford, told House Beautiful. Indeed, her grandparents remember meeting Bowie as a young child, watching him play with a stick in the garden as the adults toured the house. "When my grandparents went to view the property many moons ago, they met with Mr and Mrs Jones of 106 Canon Road and took along their six-year-old son – my Dad – who remembers clearly playing in the backyard with David Bowie whilst the adults were inside. The next owner will be able to apply for an iconic commemorative blue plaque to commemorate Bowie's old family home, adding significant value to the property. The next owner will be able to do this in the next ten years, a small time to wait to declare ownership on this slice of British history. MORE ON
