Galiano Gold: Q4 Earnings Snapshot
March 11, 2021
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VANCOUVER, British Columbia (AP) Galiano Gold Inc. (GAU) on Thursday reported fourth-quarter net income of $17.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 8 cents.
For the year, the company reported net income of $57.4 million, or 26 cents per share, swinging to a profit in the period.
The company s shares closed at $1.08. A year ago, they were trading at 90 cents.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GAU at https://www.zacks.com/ap/GAU
Gold Prices Regain a Foothold After Multiple Negative Sessions
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NEW YORK, March 10, 2021 /PRNewswire/ Gold prices rebounded about 2% on Tuesday, surpassing the key price mark of USD 1,700 and posted their first gain in five sessions. The yellow metal s recovery is attributed to a fall in the dollar value and a pullback in yields for government debt from one-year highs. Given the metal s zero-yielding nature, falling yields may provide a tailwind for bulls to elevate prices higher, said Lukman Otunuga, Senior Research Analyst at FXTM, according to a report by CNBC. While gold is considered a hedge against potential inflation from massive economic stimulus measures, rising bond yields have challenged that status, which is why gold prices had been dropping prior to Tuesday. Exploits Discovery Corp. (CSE: NFLD) (OTCQB: RNRRF), Gold Fields Ltd. (NYSE: GFI), Great Panther Mining Limited (NYSE: GPL), Equinox
Galiano Gold Announces Preliminary 2020 Operating Results and 2021 Guidance
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VANCOUVER, BC, Feb. 16, 2021 /PRNewswire/ -
Galiano Gold Inc. ( Galiano or the Company ) (TSX: GAU) (NYSE American: GAU) reports preliminary fourth quarter ( Q4 ) 2020 operating results for the Asanko Gold Mine ( AGM ), located in Ghana, West Africa. The AGM is a 50:50 joint venture ( JV ) with Gold Fields Ltd (JSE,NYSE: GFI), which is managed and operated by Galiano. All financial information contained in this news release are unaudited and reported in US$.
Q4 and full year 2020 Asanko Gold Mine Highlights (100% basis)
Exceeded annual production guidance: Annual gold production of 249,904 ounces, exceeding the upper end of 2020 production guidance of 225,000 - 245,000 ounces, with 65,571 ounces produced in the fourth quarter.