INVESTORS AND MEDIA 
In the news
Galiano Gold (NYSE:GAU) reports preliminary Q4 and 2023 operating results from the Asanko Gold Mine (AGM) located in Ghana, West Africa; the mine is a 50:50 JV with Gold Fields (NYSE:GFI), which is managed and operated by Galiano.
The AGM produced 31,947 ounces of gold in the fourth quarter at an average realized price of $1,942/ounce and achieved full-year 2023 gold production of 134,077 ounces at an average realized price of $1,908/ounce, exceeding upward revised production guidance of between 120,000 and 130,000 ounces of gold.
On December 21, 2023, the company stated that it had achieved an agreement with Gold Fields to buy a 45% stake in the AGM.
"The AGM exceeded production guidance for the second consecutive year, strengthening the balance sheet. The updated technical report now outlines a realistic mine production and cost profile. Furthermore, fulfilling our commitment to recommence mining on October 1st places us on schedule to realize meaningful, low-risk organic production growth, which is expected to increase to an average annual gold production of 254,000 per year from 2025 onwards. We remain excited about the prospectivity of the Asankrangwa Gold Belt and will continue to aggressively pursue exploration targets in 2024 to further extend the life of mine," said Matt Badylak, Galiano's president and CEO.
