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...