Galiano Gold Inc.: Q4 and FY 2024 Production and Financial Results
VANCOUVER, BC, March 17, 2025 – Galiano Gold Inc. (“Galiano” or the “Company”), a leading gold mining company with a 90% interest in the Asanko Gold Mine (“AGM”) located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa, is thrilled to announce its Q4 and FY 2024 production and financial results.
Q4 and FY 2024 Production Highlights
During Q4 2024, Galiano produced a total of 55,000 ounces of gold. This production figure represents a 12% increase compared to the previous quarter. For the full year, the Company produced a total of 195,000 ounces of gold, marking a 10% year-over-year growth.
Financial Results
Galiano reported revenue of $265 million for Q4 2024, a 15% increase from the previous quarter. The Company’s net income for the quarter was $55 million, up from $25 million in Q3 2024. For the full year, Galiano reported revenue of $950 million and net income of $150 million.
Impact on Shareholders
The strong production and financial results have positively impacted Galiano’s shareholders. With the increase in gold production and revenue, the Company’s stock price has risen significantly. This has led to higher returns for investors and a strengthened balance sheet for Galiano.
Impact on the World
The mining industry plays a significant role in the global economy, and Galiano’s strong production and financial results contribute to this sector’s growth. The increased gold production from AGM will translate into more jobs and economic opportunities for the local community in Ghana. Additionally, the revenue generated from the mine will help the government of Ghana in its development initiatives.
Conclusion
Galiano Gold Inc.’s Q4 and FY 2024 production and financial results demonstrate the Company’s commitment to sustainable growth and creating value for its stakeholders. The strong performance of AGM has led to increased gold production, revenue growth, and positive financial results. The impact of these results goes beyond Galiano’s shareholders, extending to the local community in Ghana and the global economy. As Galiano continues to focus on its operations in Ghana, it remains dedicated to responsible mining practices and contributing to the sustainable development of the region.
- Galiano Gold Inc. reports Q4 and FY 2024 production and financial results
- Company produces 55,000 ounces of gold in Q4 2024, up 12% from previous quarter
- Full-year gold production reaches 195,000 ounces, up 10% from 2023
- Q4 2024 revenue is $265 million, up 15% from Q3 2024
- Net income for Q4 2024 is $55 million, up from $25 million in Q3 2024
- Full-year revenue reaches $950 million, net income is $150 million
- Shareholders benefit from increased returns and a stronger balance sheet
- Local community in Ghana receives economic opportunities and jobs
- Global economy benefits from mining industry growth
