Galiano Gold Inc. reported gold production of 20,734 ounces for the first quarter of 2025, with all-in sustaining costs (AISC) of $2,501 per ounce sold. Revenue for the quarter was $76.6 million, achieving an average realized gold price of $2,833 per ounce.
The company recorded a net loss of $26.8 million, or $0.10 per share, while adjusted net income was $3.4 million, or $0.01 per share. Cash flow from operating activities stood at $25.9 million, and cash and cash equivalents totaled $106.3 million at quarter-end.
Production was impacted by an unscheduled two-week mill shutdown in February and March for a SAG mill repair, which reduced gold production by approximately 5,000 ounces. The company also reported two lost-time injuries (LTIs) during the quarter.
Despite the slower start, management stated that mill throughput and grade are planned to improve quarter-on-quarter, and the secondary crusher commissioning remains on schedule. The company is focused on delivering a maiden underground resource at the Asanko Gold Mine by year-end to support its growth trajectory.
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