Monday, September 15, 2025

Latest

Galiano Gold Produces 50,421 Ounces In Q2 2021

Galiano Gold Inc. (TSX: GAU) shared today its quarterly production results for Q2 2021 at the Asanko Gold mine in Ghana, recording gold production of 50,421 ounces. This is a decrease from Q1 2021’s production of 59,999 gold ounces.

The company also sold 53,348 gold ounces during the quarter at an average realized price of $1,782 per ounce, grossing a gold revenue of US$95.1 million.

During the quarter, the company mined a total of 1.3 million tonnes of ore at an average grade of 1.2 g/t gold, compared to last quarter that recorded 1.8 million tonnes of ore mined grading at 1.3 g/t gold.

The company also processed 1.5 million tonnes of ore at a gold feed grade of 1.1 g/t. This is a slight decrease from Q1 2021’s performance when the plant milled 1.4 million tonnes of ore at 1.4 g/t gold feed grade. The gold recovery rate for the quarter also dipped to 94% from last quarter’s 95%.

The gold producer relayed that the decrease in production can be attributed to the mill feed for the quarter being primarily sourced from the Esaase Main pit. The company is optimistic that results would be favorable once the Akwasiso pit is brought back to the production.

The Asanko Gold mine is a 50-50 joint venture of Galiano Gold with Gold Fields (NYSE: GFI), which is also managed by the company.

Galiano Gold last traded at $1.29 on the TSX.


Information for this briefing was found via Sedar and Galian Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Gold Road Rejects Gold Fields’ $2.1 Billion Takeover Offer

Australian gold producer Gold Road Resources (ASX: GOR) rejected a $2.1 billion all-cash takeover offer...

Tuesday, March 25, 2025, 07:37:05 AM

Galiano Gold Q4 Earnings: It Could of Been Worse

Earlier this week we covered McEwen Mining’s fourth quarter results, labeling the company as the...

Sunday, March 30, 2025, 01:31:00 PM

Osisko Mining To Be Acquired By Gold Fields In $2.16 Billion All-Cash Transaction

Osisko Mining (TSX: OSK) is set to be bought out in a rare all-cash transaction,...

Monday, August 12, 2024, 08:29:06 AM

Galiano Gold Falls Below 2021 Production Guidance With 210,241 Ounces

Galiano Gold Inc. (TSX: GAU) reported today its annual and Q4 2021 production results at...

Tuesday, January 25, 2022, 10:19:00 AM

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...

Wednesday, January 29, 2025, 08:46:34 AM