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Recent press releases and 8-K filings for GAU.
Galiano Gold Reports High-Grade Drilling Results and Expands Abore Program
GAU
New Projects/Investments
Guidance Update
- Galiano Gold Inc. announced additional high-grade drilling results from its 2025 Abore drilling program at the Asanko Gold Mine, including 4.7 g/t Au over 28m and 3.5 g/t Au over 17m.
- The company has expanded the 2025 Abore drilling program by a further 11,000 meters with an additional budget of $3.1 million approved by the Board of Directors.
- These results will be incorporated into a maiden underground Mineral Resource at Abore, which is expected to be released in February 2026.
- The Abore deposit currently holds Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t Au, effective December 31, 2024.
Nov 17, 2025, 12:39 PM
Galiano Gold Reports Third Quarter 2025 Results
GAU
Earnings
Guidance Update
New Projects/Investments
- Galiano Gold Inc. reported a net loss of $38.6 million attributable to common shareholders for Q3 2025, primarily due to increased realized and unrealized losses on gold hedges and income tax expenses, compared to a net income of $1.1 million in Q3 2024. Revenue for Q3 2025 reached $114.2 million, driven by a 43% increase in average gold sales prices to $3,501 per ounce.
- The company produced 32,533 ounces of gold in Q3 2025, contributing to a year-to-date total of 83,617 ounces as of September 30, 2025. All-in sustaining costs (AISC) for the quarter were $2,283 per ounce.
- Galiano Gold revised its full-year 2025 gold production guidance downwards to a range of 120,000 - 125,000 ounces (previously 130,000 - 150,000 ounces) and increased its AISC guidance to $2,200 - $2,300 per ounce (previously $1,750 - $1,950 per ounce, plus $100/oz for royalties).
- As of September 30, 2025, the company maintained a cash and cash equivalents balance of $116.4 million. Additionally, the development of Nkran Cut 3 continued to ramp up, and mining operations at Esaase recommenced in early November. The company is also finalizing a $75 million revolving credit facility.
Nov 6, 2025, 11:52 PM
First Nordic and Mawson Announce Merger to Form NordCo Gold
GAU
M&A
Management Change
New Projects/Investments
- First Nordic Metals Corp. and Mawson Finland Limited have entered into a definitive arrangement agreement dated September 14, 2025, to merge, forming NordCo Gold. This transaction aims to create a leading Nordic gold developer and explorer, consolidating a large gold development and exploration portfolio in Sweden and Finland.
- The combined entity is expected to have 2.1 Moz AuEq in inferred and 0.3 Moz AuEq in measured & indicated attributable resources. NordCo Gold's basic market capitalization is projected to be C$259 million, with an approximate C$50 million cash balance upon completion of a concurrent C$30 million financing.
- Under the terms, Mawson shareholders will receive 1.7884 NordCo Gold common shares for each Mawson share, following a 1-for-4 share consolidation by First Nordic. The new leadership team will include Peter Breese as Incoming Chairman and Russell Bradford as the new CEO.
Sep 15, 2025, 11:00 AM
Quarterly earnings call transcripts for Galiano Gold.
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