Galiano Gold (“GAU”) has released Q3 results from the Asanko mine in Ghana, in which GAU holds a 45% interest through a joint venture, with the balance held by Gold Fields (45%) and the Ghanaian government (10%). Production for Q3 was 35.8koz (H&Pe 28.8koz) with All-in Sustaining Costs (“AISC”) of US$1,445/oz (H&Pe US$1,992/oz). The mine sold 35.5koz at an average received gold price of US$1,902/oz to generate revenues of US$67.8/oz (H&Pe US$55m) and EBITDA of US$25.5m (H&Pe US$8.6m). The JV end ....

16 Nov 2023
Galiano Gold: Q3 Results - Production beat as mining restarts

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Galiano Gold: Q3 Results - Production beat as mining restarts
Galiano Gold (“GAU”) has released Q3 results from the Asanko mine in Ghana, in which GAU holds a 45% interest through a joint venture, with the balance held by Gold Fields (45%) and the Ghanaian government (10%). Production for Q3 was 35.8koz (H&Pe 28.8koz) with All-in Sustaining Costs (“AISC”) of US$1,445/oz (H&Pe US$1,992/oz). The mine sold 35.5koz at an average received gold price of US$1,902/oz to generate revenues of US$67.8/oz (H&Pe US$55m) and EBITDA of US$25.5m (H&Pe US$8.6m). The JV end ....