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Galiano Gold Inc GAU


Primary Symbol: T.GAU

Galiano Gold Inc. is a Canada-based company, which operates and manages the Asanko Gold Mine, which is located in Ghana, West Africa, and jointly owned with Gold Fields Ltd. The Asanko Gold Mine is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a five metric tons per annum (Mtpa) carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with approximately 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Nkran deposit is located within the Kumasi Basin on the Asankrangwa gold belt. The Nkran deposit is located on a jog along the regional Nkran Shear, which is a zone of about 15 kilometers in width. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd and Galiano International (Isle of Man) Limited and others.


TSX:GAU - Post by User

Post by nozzpackon Dec 28, 2023 8:00am
108 Views
Post# 35802303

Financial Forecast 2024 ( 90 % ) CF 2023 ( 45 % )

Financial Forecast 2024 ( 90 % ) CF 2023 ( 45 % )The most recent quarter ( Q3/23 ) annualized ( x 4 )  at 45 % ownership of Asanko mines compared with GAU's forecast for 2024 at 90 % ownership ....All amounts in USD


                                           2023 ( 45 % )                  2024 ( 90 % )

Revenue                            $125 m                             $351 m

Production                          65000                              167000

POG                                   $1902                              $2100            

AISC                                  $1445                              $1581

Free Cash   Flow                $43 m                             $110 m


Cash Position at January 1/24 .............................. $128 m  ( $170 m C$ ) ( $0.76 /share )

Estimated Cash Position December 31 2024.........$238 m  ( $315 m  C$ ) ( $1.20 / fd share )

Free cash flow per fd share for 2024 = $0.56 CAD 

Peer FCF multiple is 10 times .

Fair value on 2024 Forecast Free CF = $5.60 + $1.20 /share in cash = $6.80

2025 onwards  FS projects 250,000 ounces per year for 8.5 years at AISC less than $1100 US per ounce which with significantly increased free cash flow at $2100 POG would elevate fair value including cash above $12 per share 


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