In the update, Galiano Gold Announces 2025 Guidance and Provides Mineral Reserve and Mineral Resource, Galiano said, Mineral Reserve Estimate as of December 31, 2024, totaling 2,055,000 ounces (oz) of gold (47.1 million tonnes at 1.36 grams per tonne gold).
Galiano Gold Inc announces 2025 guidance, updated Mineral Reserves and Mineral Resources and a five-year outlook for the Company’s Asanko Gold Mine (AGM) located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa, of which, the Company owns a 90% interest. All dollar amounts are in US dollars, and all operational data on a 100% basis, unless otherwise noted. 2025 production guidance of 130,000 oz to 150,000 oz of gold at all-in sustaining costs of $1,750 to $1,950 per gold ounce sold.
New five-year production outlook – gold production is expected to increase by approximately 75% from 2024 production levels over the next 24 months as higher grade mill feed is supplied by Abore and Esaase. Significant pit wall pushback at Nkran to access high-grade ore at depth expected to commence by mid-year 2025. Exploration focus on both near-mine and Greenfields targets, Akoma and Sky Gold B prospects, to test for extensions of mineralization discovered in 2024.
“We are pleased that near mine drilling at the AGM has resulted in 100% replacement of depleted ounces over the past 2-year period,” said Matt Badylak, Galiano’s President and Chief Executive Officer. “On the back of our mine plan optimizations, we are providing 2025 production and cost guidance and further clarity with a five-year operational outlook.”
“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.”
“Our strong cash balance of over $100 million, no debt, and anticipated future cash flows, are expected to provide us with the financial strength to invest in operational improvements and deliver approximately 200,000 ounces of gold annually from 2026.”
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