Galiano Gold Reports Impressive Q2 2025 Operational and Financial Results

Galiano Gold Inc. (TSX: GAU, NYSE American: GAU) has announced its second quarter results for 2025, demonstrating remarkable progress across key operational and financial metrics. The Company, which holds a 90% interest in the Asanko Gold Mine located in the Republic of Ghana, West Africa, exhibited improvements that can be attributed to efficient operations and strategic investments in production capabilities.

Safety Performance

During the second quarter of 2025, Galiano maintained an exceptional safety record, reporting no lost-time injuries (LTI) or total recordable injuries (TRI). The rolling LTI rate stood at 0.42 per million hours worked, reflecting the Company's ongoing commitment to health and safety in its operations.

Mining Operations

Galiano focused its mining efforts in the Abore and Esaase deposits, successfully extracting 1.4 million tonnes of ore at an average grade of 0.8 grams per tonne (g/t) gold. A notable increase in productivity was observed, with a significant 113% rise in waste mined at the Nkran deposit as development of Cut 3 accelerated during the quarter. This higher output sets a strong precedent for the Company’s mining operations moving forward.

Processing Results

In terms of processing, Galiano milled 1.2 million tonnes of ore with a consistent average feed grade of 0.8 g/t gold, achieving an impressive metallurgical recovery rate of 89%. The completion of a secondary crushing circuit at the processing plant, finished under budget and commissioned in late July, is poised to enhance throughput capabilities and support the mining of harder ore types.

Galiano produced 30,350 ounces of gold during the quarter, a substantial 46% increase compared to Q1 2025, bringing total gold production year-to-date to 51,084 ounces. This jump in production has been accompanied by a record average realized gold price of $3,317 per ounce within the quarter.

Cost Analysis

Total cash costs for Q2 were reported at $1,602 per ounce, while all-in sustaining costs (AISC) were $2,251 per ounce. Compared to Q1 2025, AISC saw a commendable 10% decline, reflecting the Company’s focus on operational efficiency and cost management. Galiano continued to balance capital expenditures wisely, investing $2.2 million in sustaining capital and $4.9 million in development capital during the quarter.

Financial Performance

Galiano's financial standing reveals a healthy cash and cash equivalents balance of $114.7 million by the end of June 2025, with substantial cash flow generated from operating activities totaling $35.8 million. The net income achieved during Q2 was $0.07 per share, showcasing enhanced profitability influenced by higher revenues and optimized operational costs.

In comparison to the previous year, revenue skyrocketed to $97.3 million from $63.9 million, indicating the effectiveness of Galiano's strategic initiatives.

Exploration Potential

The Company continues to explore growth opportunities and announced positive outcomes from a deep drilling program at the Abore deposit, confirming mineralization over a 1,200-meter strike length. This further validates the potential for expansion beneath current mineral reserves, opening doors to future opportunities for resource development and enhancing overall value.

Looking Ahead

Matt Badylak, President and CEO of Galiano, expressed confidence in the Company’s trajectory, noting that the commissioning of the secondary crusher ahead of schedule positions Galiano favorably for a strong performance in the latter half of 2025. The focus on productivity improvement, combined with solid exploration results, paints a positive outlook for continued operational success.

In summary, Galiano Gold Inc. has made impressive strides in its Q2 2025 results, demonstrating a proactive approach to its mining operations, safety protocols, financial management, and exploration efforts. With these results, Galiano is strategically positioned for future growth and value creation in the gold mining sector.