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.
Galiano Gold IncQ2 production near upper end of guidance, revenue and EBITDA beat, and AISC within guidance, with hedge book expiring in 2027 expected to boost future gold price participation.
