GJ Town India

An average AGM realized gold price of $1,846/oz Galiano Gold Inc reports first quarter (Q1) operating and financial results for the Company and the Asanko Gold Mine (AGM). Asanko Gold Mine Key Metrics (100% basis)are, Gold production of 42,343 ounces, in line with 2022 production guidance of 100,000- 120,000 ounces of gold. Total cash costs per ounce1 of $1,361 and all-in sustaining costs1 of $1,559/oz during the quarter, resulting in positive cash flows from operations of $3.9 million and AISC margin1 of $12.0 million. The AGM produced 42,343 ounces of gold during the quarter, as the processing plant achieved milling throughput of 1.5Mt of ore processed at a grade of 1.3g/t with metallurgical recovery averaging 69%. Sold 41,929 ounces of gold in Q1 2022 at an average realized gold price of $1,846/oz for total revenue of $77.5 million (including $0.1 million of by-product silver revenue), a decrease of $33.3 million from Q1 2021.  The decrease in revenue quarter-on-quarter was a fu...

Produced over 48K Oz of gold in 3Q   Galiano Gold, formerly Asanko Gold Inc- reports third quarter- Q3, 2020 operating and financial results for the Asanko Gold Mine, located in Ghana, West Africa. The Q3 2020 Asanko Gold Mine report said, Quarterly gold production of 48,974 ounces at an all-in sustaining cost of $1,488/oz. Gold sales of 53,975 ounces at an average realized price of $1,861/oz, generating gold sales proceeds of $100.5 million.   Net income after tax of $12.4 million generated operating cash flow of $18.5 million and negative free cash flow1 of $4.2 million after incurring $14.2 million of non-sustaining capital and exploration expenditure. As at September 30, 2020, the JV had cash of $43.3 million, $16.3 million in receivables from gold sales and $4.3 million in gold on hand, with the RMB revolving credit facility of $30.0 million fully drawn. Completed a 33-hole drilling program at the Nkran pit to confirm and improve confidence in the Mineral Reserve esti...

FY2018 gold sales of 227772 ounces Asanko Gold reports fourth quarter and full year, FY 2018 operating and financial results and provides 2019 guidance for the Asanko Gold Mine (AGM), located in Ghana, West Africa. Asanko Gold Mine of 100% basis registers gold production of 223,152 ounces at AISC1 $1,072/oz, exceeding 2018 production guidance and within the lower end of cost guidance in 2018. FY2018 gold sales of 227,772 ounces at an average realized price of $1,247/oz, generating gold revenue of $283.9 million, including by-product sales and after capitalization of gold sales related to pre-production activities at Esaase. For FY2018, the JV generated operating cash flows of $72.5 million and $100.5 million in operating cash flows before working capital changes. Q4 2018 gold production of 59,823 ounces at AISC1 of $1,072/oz and Q4 2018 gold sales of 61,821 ounces at an average realized price of $1,215/oz, generating gold revenue of $74.2 million, including by-produc...

Full year gold production to remain 200-220K Oz Asanko Gold announces record for Q3 says, gold production of 61,599 ounces, tracking higher end of H2 2018 guidance of 110K to 120K ounces. Quarterly gold sales of 65,267 ounces, generating US$78.2 million in gold revenue at an average realized price of US$1,198 per ounce!   Commenting on the quarter’s performance Peter Breese, President and CEO, said “The Asanko Gold Mine delivered a third consecutive quarter of solid production results for the year, tracking the top end of 2018 guidance with production of 61,599 ounces for the quarter and 163,329 ounces year to date. The mine is well positioned to meet full year gold production guidance of 200-220K ounces. The Esaase pre-production program is advancing according to plan, with site establishment well underway and preparations for the bulk sample exercise on schedule for Q4 2018, in anticipation of approval from the JV partners to commence mining in Q1 2019.” ...