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Galiano Gold Reveals 2025 Production Expectations and Updated Resources Estimates

Galiano Gold Inc. recently provided detailed insights into its operations for 2025, focusing on its Asanko Gold Mine located in Ghana. This announcement emphasizes the company’s commitment to enhancing its production capabilities while updating stakeholders on the mineral resource estimates as of December 31, 2024. The report outlines significant updates in the mining plan, expected production volumes, and sustaining costs, effectively shaping the company’s direction in the forthcoming years.

Key Highlights of the Update

• - Mineral Reserves: Galiano's Asanko Gold Mine boasts a total mineral reserve estimate of 2,055,000 ounces of gold, derived from approximately 47.1 million tonnes of ore. This is based on a calculated average grade of 1.36 grams per tonne of gold.
• - Production Guidance: For 2025, gold production is projected to be between 130,000 and 150,000 ounces. The anticipated all-in sustaining costs (AISC) for this production level will range between $1,750 and $1,950 per ounce of gold sold. The AISC is expected to be higher in 2025 due to lower production estimates, but this is set to stabilize in future years.
• - Operational Insights: Over the next 24 months, Galiano expects a production increase of around 75% compared to 2024 production levels. This is primarily driven by improved mill feed derived from the Abore and Esaase sites, which are expected to provide higher grades of ore.

Enhancement of Mining Plans

Matt Badylak, the President and CEO of Galiano Gold, expressed satisfaction over the recent drilling results at the AGM, highlighting the complete replacement of depleted ounces over the past two years through successful near-mine drilling projects. The optimized mine plan aims to leverage larger deposits to enhance operational flexibility and reduce risks linked to managing smaller pits simultaneously.

With anticipated operational growth and the adoption of efficient mining practices, production costs are projected to decrease, while significant cash flows will support further investments, especially in the Nkran area, set to undergo substantial enhancements in the near future.

Five-Year Outlook

Galiano's production plans are visionary, aiming to increase gold production significantly over the next five years:

• - 2026: 180,000 - 210,000 ounces
• - 2027: 190,000 - 220,000 ounces
• - 2028: 210,000 - 240,000 ounces
• - 2029: 230,000 - 260,000 ounces

These projections are based on comprehensive operational benchmarks that are expected to deliver exceptional results, aligning with the company’s strategic goals. For 2025, estimated development capital will be in the range of $60 million to $65 million. This investment will primarily support the Nkran Cut 3 waste stripping and enhance the milling capacity.

Commitment to Exploration

In a bid to expand its mineral reserves, Galiano is focusing on exploration activities with an allocation of around $10 million in exploration expenditures for 2025. This will include approximately 17,000 meters of drilling and investments in regional prospecting activities aimed at discovering new resources and expanding current estimates.

Looking Forward

With a strong cash balance of over $100 million and no debt, Galiano Gold is well-positioned to execute its ambitious plans for 2025 and beyond, reinforcing its position in the mining sector while ensuring responsible environmental and social practices. The company will provide further insights into its operational plans and strategies during an upcoming conference call scheduled for January 29, 2025, offering stakeholders an opportunity to engage directly with management.

For more information about Galiano Gold and the Asanko Gold Mine, visit Galiano's official website.