Galiano Gold Issues Production Guidance With Midpoint Of 140,000 Ounces For 2025
Galiano Gold (TSX: GAU) is anticipating a large uptick in gold production over the next two years at its Asanko Gold Mine in West Africa. The improvement was announced this morning as part of a five year production outlook provided by the company.
Production this year is slated to come in between 130,000 to 150,000 ounces of gold, which is a marked improvement from the 115,115 ounces of gold produced in 2024. All in sustaining costs meanwhile are estimated to be within a range of $1,750 to $1,950 an ounce.
The five year outlook calls for production levels to hit 230,000 to 260,000 ounces a year by 2029, while all in sustaining costs are to fall to a range of $1,100 to $1,400 an ounce. The improvement in production has been credited to higher grade mill feed which has been supplied by the Abore and Esaase deposits.
Capital expenditures have been guided to be between $75 to $80 million, of which sustaining capital accounts for $15 million. Expenditures here include $9 million towards a tailings facility expansion, and $3 million in site establishment costs at Esaase. Exploration expenditures are pegged at $10 million for 2025, which is to include 17,000 metres of drilling.
“The mine plan prioritized larger deposits to increase flexibility and mitigate operational risks associated with operating smaller pits simultaneously. Production growth is expected to be achieved from higher grade mill feed processed from mining Abore and Esaase, without any material capital expenditures. This will commensurately see a reduction in AISC and provide significant cash flows to support our investment in mining Nkran,” commented Matt Badylak, CEO of Galiano Gold.
Mineral reserves at Asanko meanwhile are estimated as 2.1 million ounces of gold at an average grade of 1.36 g/t, based on a revised mineral reserve estimate dated December 31, 2024.
Galiano Gold currently holds a 90% interest in the Asanko Gold Mine, with numbers presented by the company being reported on a 100% basis.
Galiano Gold last traded at $1.70 on the TSX.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
