Galiano Gold Announces Award Of Mining Contract And Provides An Update On The Recommencement Of Mining At The Asanko Gold Mine
Portfolio Pulse from Happy Mohamed
Galiano Gold Inc. has announced the award of a mining contract as it prepares to resume hard rock mining operations at its Asanko Gold Mine in Ghana in Q4. The mine is a 50/50 joint venture with Gold Fields Ltd. The company's new life of mine plan predicts an 8.5-year mine life with a net present value of $343 million. The annual gold production is expected to double from 2023's guidance of 100,000 – 120,000 ounces to 250,000 ounces per year from 2025.
June 30, 2023 | 12:32 pm
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Galiano Gold Inc. is set to resume mining operations at its Asanko Gold Mine, which is expected to significantly increase its gold production. This could potentially boost the company's revenues and profitability.
The recommencement of mining operations at the Asanko Gold Mine, along with the expected increase in gold production, could significantly boost Galiano Gold Inc.'s revenues and profitability. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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