Galiano Gold cites higher gold prices, sales volumes driving Q3 2026 revenue growth
GAU•Galiano Gold reported Q3 2026 net income of $45.36 million, compared with a $42.02 million year-earlier loss. Revenue growth reflected 24% higher gold sales volumes and a 21% increase in average selling prices.
1. Quarterly results
Galiano Gold reported third-quarter 2026 net income of $45.36 million, compared with a $42.02 million loss a year earlier. Management attributed revenue growth to 24% higher gold sales volumes and a 21% increase in average selling prices.
2. Production and costs
Gold production rose 19% from the preceding quarter to 40,922 ounces, supported by higher Abore grades and improved plant throughput. Management said higher diesel costs increased production expenses, while higher revenue and royalty rates lifted royalty expenses. Operating cash flow increased to $56.95 million from $40.45 million a year earlier, primarily reflecting stronger revenue.
