Galiano Gold Inc provides a summary of its 2024 operational achievements, including gold production of 115,115 ounces. The Company owns a 90% interest in the Asanko Gold Mine- AGM, located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa.
According to the Galiano Gold, Consolidating ownership completed the transaction with Gold Fields Ltd., acquiring their 45% interest in the AGM and thereby securing 90% ownership. Gold Produced 115,115 ounces, slightly below revised guidance of 120,000 to 130,000 ounces. Full year mill throughput of 5.1 million tonnes was constrained due to harder material processed and lower mobile crushing circuit availability.
Successful exploration programs, Abore: Expanded Mineral Reserves by 45%, driven by the 2023 drilling program. Midras South: Positive delineation drilling results at Midras South expected to result in maiden Mineral Reserve estimate in 2025.
Akoma: Identified new mineralized system with encouraging initial drill test results at Akoma greenfield target, located approximately 5 kilometres (“km”) from the AGM processing plant.
Sky Gold B: Confirmed a previously unknown shear zone with multiple gold intercepts at the Sky Gold B target.
“Galiano made notable progress in 2024 in both growing production and strengthening our operating capabilities,” said Matt Badylak, President and Chief Executive Officer of Galiano Gold Inc. “With full ownership of the AGM secured in the first quarter, we ramped up operations at Abore and progressed solutions to address crushing and milling challenges identified earlier in the year.
“We are well-positioned to capitalize on historic high gold prices, supported by a strong financial position and the completion of the Red Kite buyout. Optimization of the Life of Mine plan remains on track, with the release of results expected later this month. Recent additions to our management team and Board of Directors further strengthen our ability to meet our goals in the year ahead.”
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