Canada's Galiano Gold Q3 revenue rises on higher production
GAU•Galiano Gold said Q3 revenue rose as gold production increased 19% quarter over quarter. Adjusted net income was $0.09 per share, compared with a loss a year earlier.
1. Production and earnings
Galiano Gold attributed higher production to increased mill throughput, improved plant availability and accelerated waste stripping at the Nkran deposit. Q3 adjusted EBITDA was $93.3 million and cash flow from operating activities was $57 million. The company expects its hedge book expiry to boost cash flow generation in 2027.
