The latest announcement is out from Galiano Gold ( (TSE:GAU) ).
Galiano Gold reported its Q4 and full-year 2024 production and financial results, highlighting a production of 115,115 gold ounces for the year, which was below the revised guidance due to operational challenges. The company completed the acquisition of Gold Fields’ 45% interest in the Asanko Gold Mine joint venture, consolidating its ownership to 90%, and terminated its gold offtake agreement with Red Kite, allowing for market price sales. Despite production setbacks, Galiano ended the year with strong liquidity, holding $105.8 million in cash and no debt, and expects improved production in 2025 with ongoing operational adjustments.
More about Galiano Gold
Galiano Gold Inc. operates in the gold mining industry, primarily focusing on the exploration, development, and production of gold. The company owns a 90% interest in the Asanko Gold Mine located on the Asankrangwa Gold Belt in Ghana, West Africa.
YTD Price Performance: 3.05%
Average Trading Volume: 768,126
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $343.4M
For detailed information about GAU stock, go to TipRanks’ Stock Analysis page.