Galiano Gold Inc T.GAU

Alternate Symbol(s): GAU

Metals & Mining Gold

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

Galiano Gold Inc > Lots of cash, Exceptional cash flows..Dividends

<< Previous

Bullboard Posts

Next >>

Comment by matt2018on Mar 19, 2024 10:03am

63 Views

Post# 35940371

RE:Lots of cash, Exceptional cash flows..Dividends

they can probable pay a 1cent div/qtr (or do some share buybacks), just from interest earned on the appr $160M Cdn they are Net Cash.
Use the cash flow from operations to book more reseves and improve Asanko operations.
Next $25M payment due GF not till end of 2025, so plenty of time to build further value before then..

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle