Galiano Gold presents path to annual gold production above 200,000 ounces from 2029
GAU•Galiano Gold maintained 2026 production guidance of 140,000-160,000 ounces and said higher-grade Nkran ore supports annual production potential above 200,000 ounces from 2029. Third-quarter production rose 19% quarter over quarter to 40,900 ounces.
1. Production outlook
Galiano Gold maintained its 2026 production guidance at 140,000-160,000 ounces, with all-in sustaining costs of US$2,300-US$2,600 per ounce. Third-quarter gold production rose 19% quarter over quarter to 40,900 ounces. The company said higher-grade Nkran ore supports annual production potential exceeding 200,000 ounces from 2029.
2. Balance sheet and drilling
Galiano reported a debt-free balance sheet with US$112.7 million in cash and restricted cash, and a US$75 million undrawn revolving credit facility. Esaase conversion drilling is complete, with updated mineral resource and reserve estimates expected in the first quarter of 2027.
