Here is the link to our recent interview with
$GAU:
https://youtu.be/lHkZY-JD1NU nterview with Greg McCunn, CEO of Galiano Gold (TSX/NYSE: GAU)
McCunn is a sharp operator. When a gold producer turns its focus away from searching for ounces in favour of creating cash, it allows the company to leverage the current gold bull environment rather than looking for potential that may go unfulfilled. Ounces in the ground are all well and good, but free cash flow gives a company options.
This has been reflected in Galiano Gold's share price recently: it is up 50% since when we last spoke in June. Galiano Gold used to be known as Asanko Gold. The company has established itself as a mid-tier gold producer having started production in 2016 at its Ghanaian gold mine: Asanko. The gold mine is operated in a 50:50 JV with Gold Fields (JSE, NYSE: GFI).
It is throwing off around 250,000oz gold pa, solidifying the company's status as an established mid-tier gold miner. So, this is a strong and stable gold mining operation, but where does the sex and sizzle come from in this story? The answer appears to be exploration. In fact, McCunn has just signed off an additional $10M on top of the original $10M exploration budget as the company continues its hunt for economic gold ounces. Here is the real growth story for investors. Pay attention.