Galiano Gold Second Quarter 2024 Results

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Algemeen advies 09/08/2024 06:28
Q2 Operational Highlights
5
? Safety:
• 0 lost-time injuries and 0 total recordable injuries
? Gold Production:
• 26,437 oz during Q2; YTD production of 56,823 oz (100% basis)
• FY guidance revised to 120,000 – 130,000 oz
? Cost Performance:
• Q2 AISC(1) of $1,759/oz and YTD AISC(1) of $1,777/oz for the AGM
• FY revised guidance revised to $1,975/oz to $2,075/oz
? Financial Performance:
• Q2 gold revenue of $63.8M and net income of $8.8M
? Robust Liquidity:
• $123.0M in cash and cash equivalents, and no debt(2)
? Significant Increase to Abore Mineral Reserve:
• Following successful 2023 and early 2024 infill drilling –added 45% or 151,000 oz to
Abore’s Mineral Reserves, bringing total to 485,000 oz
? Continued Exploration Success:
• Abore, Akoma, Sky Gold B.
(1) Non-IFRS measure.
(2) As of June 30, 2024 (unaudited).
Q2 Corporate Highlights
6
? Strengthened Board of Directors
• Mr. Navin Dyal, currently CFO of Dundee Precious Metals Inc., +20 years of
experience.
• Dr. Moira Smith, P. Geo., over 30 years geological experience, currently a
Director of Discovery Metals Corp.
• Dr. Michael Price retired effective June 13, 2024, after 10 years.
? Management Changes:
• Appointment of Michael Cardinaels as EVP & COO effective September 3,
2024.
• Krista Muhr expanded role to SVP, External Affairs & Sustainability (from
Investor Relations).
• Sean Gregersen promoted to VP, Corporate Development.
? Continued Focus on Optimization and Growth:
• Team remains focused on accretive growth opportunities.
? Released our Annual Sustainability Report for 2023:
• Continue to work towards our 2024 goals:
• Environment: Stewardship & Compliance, Energy & Climate Change
• Social: Human Rights, Our People, Health & Safety, Our Communities
• Governance & Economic
Q2 - Abore Mining

see & read more on

https://s203.q4cdn.com/835664992/files/doc_financials/2024/q2/Q2-24-Conference-Call-Results-Final.pdf



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