Alfredo's questions to Galiano Gold (GAU) leadership • Q2 2024
Question
Inquired about the pricing for the upcoming Nkran mining contract, the accounting treatment of capitalized waste stripping costs at Abore, whether lease payments are included in AISC, and asked for the specific dollar amount of the waste stripping capital.
Answer
The company responded that bids for the Nkran contract are in line with the technical report's cost estimates. Both the Abore waste stripping costs and lease payments are included within sustaining capital and all-in sustaining costs (AISC). The company did not provide a specific dollar figure for the waste stripping but gave guidance on how to estimate it based on mining rates and strip ratios.