Galiano Gold (TSE:GAU) has released an update.
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Galiano Gold Inc. has bought out its offtake agreement with Red Kite Opportunities Master Fund Limited for $13 million, allowing it to sell gold from the Asanko Gold Mine at market prices. This strategic move is expected to enhance Galiano’s financial flexibility and value, as the company continues to focus on sustainable growth. The buyout comes amid a period of high gold prices and market volatility.
For further insights into TSE:GAU stock, check out TipRanks’ Stock Analysis page.