Galiano Gold Inc

Galiano Gold Inc. reported second quarter 2026 production of 34,391 ounces of gold, bringing first-half output to just over 69,000 ounces, near the upper end of its previously indicated range of 60,000 to 70,000 ounces. Revenue for the quarter was $156.6 million on sales of just over 35,000 ounces at a realized gold price of $4,432 per ounce before hedging impacts, with adjusted EBITDA of $78.5 million and adjusted earnings per share of $0.09. All-in sustaining costs were $2,473 per ounce for the quarter and $2,418 per ounce for the first half, while full-year production guidance of 140,000 to 160,000 ounces and AISC guidance of $2,300 to $2,600 per ounce remain unchanged. The company ended the quarter with total cash of $105.9 million, including approximately $26 million of restricted cash resulting from a court order related to a contractual dispute with a former service provider, and remains debt-free. Management highlighted that the hedge book expires in 2027, which is expected to allow full participation in gold prices and create a financial inflection point, while the Nkran Cut 3 waste stripping program and expanded exploration at Esaase and Abore are progressing to support future production growth.