Dan Ellsworth's questions to Galiano Gold Inc (GAU) leadership • Q2 2024
Question
Dan Ellsworth from World Micro asked about changes to the hedging strategy post-takeover, the reasons for increased management costs and executive compensation, and whether the company expects to continue using cash in the upcoming quarters.
Answer
CFO Matthew Freeman stated the hedging strategy remains unchanged, focused on risk mitigation during high-capital periods. CEO Matt Badylak noted the COO hire was long-planned. Freeman added that G&A costs are stable, with accounting consolidation making them appear different, and higher stock-based compensation is a non-cash charge driven by share price appreciation.