{"id":826615,"date":"2025-03-17T17:18:22","date_gmt":"2025-03-17T21:18:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/galiano-gold-reports-q4-and-full-year-2024-production-and-financial-results\/"},"modified":"2025-03-17T17:18:22","modified_gmt":"2025-03-17T21:18:22","slug":"galiano-gold-reports-q4-and-full-year-2024-production-and-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/galiano-gold-reports-q4-and-full-year-2024-production-and-financial-results\/","title":{"rendered":"GALIANO GOLD REPORTS Q4 AND FULL YEAR 2024 PRODUCTION AND FINANCIAL RESULTS"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n VANCOUVER, BC<\/span>
\n <\/span>, March 17, 2025<\/span><\/span> \/PRNewswire\/ – Galiano Gold Inc. (“Galiano” or the “Company”) <\/b>(TSX: GAU) (NYSE American: GAU)\u00a0is pleased to report its fourth\u00a0quarter (“Q4”) and full year (“FY”) 2024 production and financial results. Galiano owns a 90% interest in the Asanko Gold Mine (“AGM”) located on the Asankrangwa Gold Belt in the Republic of Ghana<\/span>, West Africa<\/span>.<\/p>\n

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\n \"Galiano
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All financial information contained in this news release is reported in United States<\/span> dollars.<\/p>\n

During Q4, the Company produced 28,508 gold ounces at all-in sustaining costs1<\/sup> (“AISC”) of $2,638<\/span> per gold ounce sold (“\/oz”), or $1,773<\/span>\/oz excluding capitalized waste stripping costs at Abore, and generated $13.8 million<\/span> of operating cash flows while remaining debt free with $105.8 million<\/span> in cash and cash equivalents. Operating cash flows continue to support the ramp-up of mining at the AGM’s Abore deposit.<\/p>\n

During FY 2024, the Company produced 115,115 gold ounces at AISC1<\/sup> of $2,063<\/span>\/oz, or $1,533<\/span>\/oz excluding capitalized waste stripping costs at Abore, and generated $55.7 million<\/span> of operating cash flows, which included a $13.1 million<\/span> payment to terminate the AGM’s gold sales offtake agreement.<\/p>\n

\n Asanko Gold Mine (“AGM”) Q4 and FY 2024 highlights<\/b>\n <\/p>\n

The Company completed the acquisition of Gold Fields Limited’s (“Gold Fields”) 45% interest in the AGM joint venture (the “Acquisition”) on March 4, 2024<\/span> and as of that date, the operational and financial results of the AGM have been consolidated into the Company’s results. To enable a comprehensive understanding of the operational performance at the mine asset level, year-to-date highlights for the AGM below are presented on a 100% basis for the entire year ended December 31, 2024<\/span>.<\/p>\n