Galiano Gold Reports Third Quarter 2026 Results
Newsfile Corp•05/11/2026•17:05 ET
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Key Highlights
- ➤Q3 gold production 40,922 ounces, up 19% quarter over quarter
- ➤Q3 net income $40.5 million versus $38.6 million loss in Q3 2025
- ➤Q3 AISC $2,346/oz, down 5% quarter over quarter
- ➤Full-year 2026 production guidance maintained at 140,000-160,000 ounces
- ➤Abirem and Miradani mining leases extended through 2041 and 2043, respectively
Expert Statements
Matt Badylak, President and Chief Executive Officer of Galiano Gold
“Our team delivered a strong third quarter producing 40,922 gold ounces, improving all-in sustaining costs and achieving positive operating cash flows of $57 million. These results reflect the strength of our operations and position us well to achieve our full-year 2026 production and cost guidance. The recent extension of key mining licenses combined with a robust balance sheet provides a solid foundation to continue investing in the long-term growth of the AGM. During the quarter, we advanced several strategic initiatives, including resource definition drilling at Esaase, activities supporting the future underground development of Abore and accelerated waste stripping at Nkran Cut 3. These investments are designed to enhance operational flexibility and unlock additional value across the mine plan. We remain firmly on track to deliver our updated mineral reserves and mineral resources estimates in the first quarter of 2027. With our hedge book set to expire by year-end, we anticipate a significant inflection point in cash flow generation in 2027, positioning the Company to create sustainable long-term value.”
Gold Production Increases 19% Quarter over Quarter, Full-Year Guidance Remains on Track at the Asanko Gold Mine
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2026) - Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) ("Galiano" or the "Company") is pleased to report its third quarter ("Q3") 2026 operating and financial results. Galiano's operating asset is its 90% interest in the Asanko Gold Mine ("AGM") located in the Republic of Ghana, West Africa.
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