Alfredo's questions to Galiano Gold Inc (GAU) leadership • Q2 2024
Question
An analyst from Equinox Partners, Alfredo, asked about the pricing trends for the Nkran mining contract tender, the accounting treatment and amount of capitalized waste stripping costs at Abore, and whether lease payments are included in All-in Sustaining Costs (AISC).
Answer
CEO Matt Badylak confirmed that bids for the Nkran contract are in line with technical report forecasts. CFO Matthew Freeman explained that all Abore stripping costs are included within sustaining capital and AISC. He also confirmed that lease payments for the mining contract are included in sustaining costs under IFRS accounting standards.