Latest news with #GalianoGold
Zawya
29-05-2025
- Business
- Zawya
Ghana's Asanko Gold Mine Joins Mining in Motion as Bronze Sponsor
Asanko Gold Mine, operated by Canadian firm Galiano Gold, has joined the upcoming Mining in Motion Summit 2025 as a Bronze sponsor. The Summit is Ghana's premier event for the mining sector, taking place on June 2 - 4, 2025 in Accra. As one of Ghana's key mining operations, Asanko Gold Mine plays a vital role in advancing local content development, environmental sustainability and increased gold production. Asanko Gold Mine's participation at the event underscores the company's long-term commitment to driving economic growth and job creation through a robust and responsible mining agenda. Asanko Gold Mine will participate in high-level panel discussions, exclusive networking, and project showcases highlighting its investment strategy and impact on Ghana's mining sector, economy, and local communities. The mine discovered a high-grade gold zone at the Abore Main pit, following a drilling campaign completed in May 2025 aimed at extending the life of its underground operations. In addition, the company continues to drill at its other open-pit sites; Nkran, Esaase, and Miradani North to further enhance production capacity. On the local content front, Asanko Gold Mine contributes to employment creation, female empowerment and community development. With a workforce of over 2,200 - 99% of whom are Ghanaian - the company champions local capacity building. Through its Asanko Women in Mining initiative, the firm empowers women by providing training and promoting their inclusion across all levels of the mining sector, fostering a more diverse and equitable industry. Asanko Gold Mine has also prioritized environmental stewardship. In 2023, the firm signed a clean power purchase agreement with the Volta River Authority to source 15MW of electricity for its operations from solar. The deal supports emissions reductions and aligns with sustainability goals within Ghana's Asante Kingdom. Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana's Ashanti Kingdom – in collaboration with Ghana's Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana's Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
23-05-2025
- Business
- Yahoo
Are Basic Materials Stocks Lagging Galiano Gold (GAU) This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Galiano Gold (GAU) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question. Galiano Gold is one of 232 companies in the Basic Materials group. The Basic Materials group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Galiano Gold is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for GAU's full-year earnings has moved 31.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Our latest available data shows that GAU has returned about 12.2% since the start of the calendar year. Meanwhile, stocks in the Basic Materials group have gained about 5.9% on average. As we can see, Galiano Gold is performing better than its sector in the calendar year. Another Basic Materials stock, which has outperformed the sector so far this year, is Alamos Gold (AGI). The stock has returned 41.5% year-to-date. In Alamos Gold's case, the consensus EPS estimate for the current year increased 0.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Galiano Gold belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, stocks in this group have gained 45.5% this year, meaning that GAU is slightly underperforming its industry in terms of year-to-date returns. Alamos Gold is also part of the same industry. Galiano Gold and Alamos Gold could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Galiano Gold Inc. (GAU) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
22-05-2025
- Business
- Globe and Mail
LEADING INDEPENDENT PROXY ADVISORY FIRMS RECOMMEND GALIANO GOLD'S SHAREHOLDERS VOTE FOR ALL PROPOSED RESOLUTIONS
VANCOUVER, BC , May 22, 2025 /CNW/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis") have recommended that Galiano's shareholders vote FOR all of the proposed resolutions that will considered at the Company's Annual General Meeting of Shareholders (the "Meeting"), which will be held virtually on Thursday, June 12, 2025 at 10:00 a.m. (Pacific Time) . ISS and Glass Lewis are two leading independent proxy advisory firms that, among other services, provide voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. Galiano Gold Inc.'s Annual General Meeting of Shareholders The Meeting will be held online at for the following purposes: To fix the number of directors to be elected at eight; To elect directors of the Company for the ensuing year; To re-appoint the auditor of the Company for the ensuing year and to authorize the directors to fix the auditor's remuneration; and To authorize and approve a non‐binding advisory resolution accepting the Company's approach to executive compensation. Galiano shareholders are encouraged to read the meeting materials in detail and cast their votes prior to the proxy voting deadline. Copies of the meeting materials are available under Galiano's profile on SEDAR+ at and under the "Investors" section on Galiano's website at YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY The Board of Directors UNANIMOUSLY recommends that shareholders vote FOR all proposed resolutions that will be considered at the Meeting. The proxy voting deadline is at 10:00 a.m., Pacific Time , on Tuesday, June 10, 2025 How to vote Galiano shareholders can vote their shares using the following methods: Voting for Registered Shareholders (shares represented by a physical certificate or DRS Statement) Internet – Go to enter your 15-digit control number found on your form of proxy and vote your shares. Telephone – Call 1-866-732-8683, enter your 15-digit control number and follow the interactive voice control instructions to vote your shares. Voting for Non-Registered/Beneficial Shareholders (shares held with a broker, bank or other intermediary) Internet – Go to enter your 16-digit control number found on your voting instruction form ("VIF") and vote your shares. Telephone – Call the toll-free number listed on the VIF, enter your 16-digit control number and follow the interactive voice control instructions to vote your shares. Shareholder Questions Galiano's shareholders who have questions about the Meeting or the Meeting resolutions can contact the Company's strategic shareholder communications advisor and proxy solicitation agent, Laurel Hill Advisory Group, by telephone toll-free at 1-877-452-7184 in North America or 1-416-304-0211 for international calls or by e-mail at assistance@ 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 operates and manages the Asanko Gold Mine, which is 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
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
15-05-2025
- Business
- Yahoo
GAU Q1 Earnings Lag Estimates, Revenues Up Y/Y on Higher Gold Prices
Galiano Gold GAU reported adjusted earnings per share (EPS) of one cent for first-quarter 2025, missing the Zacks Consensus Estimate of two cents. The figure marked a 67% plunge from the adjusted EPS of three cents in the year-ago quarter on higher production costs. Excluding the impacts of non-recurring items, the company posted a loss of 10 cents per share in the first quarter of 2025 compared with a loss of one cent in the year-ago quarter. Galiano Gold closed the acquisition of Gold Fields Limited's 45% interest in the Asanko Gold Mine (AGM) joint venture on March 4, 2024. This raised GAU's stake in AGM to 90%. The AGM mine produced 20,734 ounces of gold in the first quarter of 2025, 32% lower than the year-ago quarter. Production was impacted by a 14-day shutdown of the processing plant to repair a key component of the SAG mill. The shutdown is estimated to have led to a loss in production of 4,500-5,000 ounces. The processing plant milled 1.1 Mt of ore at an average grade of 0.8 g/t, with metallurgical recovery averaging 87%. Galiano Gold Inc. price-consensus-eps-surprise-chart | Galiano Gold Inc. Quote Galiano Gold generated revenues of around $77 million in the quarter under review, up 142% year over year. The company sold 26,994 ounces of gold at an average realized price of $2,833 per ounce in the quarter. The increase in revenues resulted from a 33% year-over-year rise in gold prices and an 81% increase in sales volume. Gold ounces sold in the quarter were on a year-over-year basis as the company included the results of the AGM for only a portion of the previous year's quarter, from March 4, 2024, to March 31, 2024. Total all-in-sustaining costs (AISC) of $2,501 per ounce were 39.5% higher than the prior-year quarter. The company reported income from mine operations of $15.4 million in the first quarter, which skyrocketed 148% from the year-ago quarter's $6.2 EBITDA was $19 million compared with $5.1 million in the year-ago quarter. Adjusted EBITDA margin in the quarter was 24.8%. The increase was primarily due to the consolidation of the financial results of the AGM for a full quarter. Galiano Gold's cash and cash equivalents were $106.4 million at the end of the first quarter of 2025. The company generated $25.9 million in cash from operating activities compared with $13 million in the year-ago quarter. Following lower-than-expected production in the first quarter due to the plant shutdown, Galiano Gold expects gold output in 2025 to be near the lower end of its previously stated range of 130,000-150,000 ounces. All-in sustaining costs (AISC) are forecasted to trend toward the upper end of the $1,750–$1,950 per ounce range. This increase is attributed to reduced annual production from the shutdown, as well as elevated royalty expenses driven by higher realized gold prices and a rise in the Growth and Sustainability Levy, which is expected to add approximately $55 per ounce to AISC. On March 26, 2025, the government of Ghana passed an amendment to increase the Growth and Sustainability Levy on gold mining companies from 1% to 3%, which came into effect on April 1, 2025, and extended the sunset clause to December 31, 2028 The company's shares have lost 16.8% against the industry's 29.4% growth. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Agnico Eagle Mines Limited AEM reported adjusted earnings of $1.53 per share for first-quarter 2025, up from 76 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $1.39. The upside in the bottom line was mainly driven by record-high operating margins resulting from higher realized gold prices and reduced production costs. This increase was partially offset by lower gold sales and higher income and mining tax expenses in the reported quarter. Agnico Eagle Mines generated revenues of $2.47 billion, up nearly 34.9% year over year. The top line surpassed the Zacks Consensus Estimate of $2.24 Gold Corporation KGC reported adjusted earnings of 30 cents per share, up from the prior-year quarter's figure of 10 cents. The bottom line beat the Zacks Consensus Estimate of 22 cents. Kinross Gold's revenues rose 38.5% year over year to $1,497.5 million in the first quarter. It beat the Zacks Consensus Estimate of $1,294.9 million. Average realized gold prices were $2,857 per ounce in the quarter, up 9% from the year-ago quarter's tally. The company produced 512,088 gold equivalent ounces in the reported quarter, down 3% year over year. Barrick Mining Corporation B reported adjusted earnings per share of 35 cents compared with 19 cents in the year-ago quarter. The figure beat the Zacks Consensus Estimate of 29 cents. Barrick recorded total sales of $3.13 billion, up roughly 13.9% year over year. Total gold production was 758,000 ounces in the reported quarter, down roughly 19.4% year over year. The average realized price of gold was $2,898 per ounce in the quarter, up around 39.7%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report Galiano Gold Inc. (GAU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
