Higher gold prices and sales - Co said Q2 revenue and net income increased due to a 34% rise in average gold sales prices and 20% more gold ounces sold
Higher royalties - Co said Q2 all-in sustaining costs rose 10% yr/yr due to Ghana's new sliding scale royalty framework
Increased mining and processing costs - Co said Q2 mining and processing costs rose due to fewer tonnes mined, more fresh rock at Abore, higher diesel prices, and maintenance on the primary crusher and ball mill
Outlook maintained
Galiano Gold maintains 2026 production guidance of 140,000-160,000 ounces of gold
Company maintains 2026 AISC guidance of $2,300/oz to $2,600/oz
Production expected to strengthen in H2 2026, driven by higher mining rates at Nkran
Key details and analyst coverage
Metric
Actual
Q2 Adjusted EBITDA
$78.50 mln
Q2 Cash Flow from Operating Activities
$31.90 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
GAU•
