Galiano Gold Inc. reported a significant increase in gold production for the second quarter of 2025, reaching 30,350 ounces, a 46% increase from Q1. All-in sustaining costs (AISC) improved to $2,251 per ounce sold, representing a 10% reduction from the previous quarter.
The company generated revenues of $97.3 million, with an average realized gold price of $3,317 per ounce. Net income attributable to common shareholders was $19.3 million, or $0.07 per share, while adjusted net income reached $21.1 million, or $0.08 per share.
Cash flow from operating activities was robust at $35.8 million, contributing to a strong cash and cash equivalents balance of $114.6 million at quarter-end. The company reported no lost-time injuries (LTIs) during the quarter, indicating improved safety performance.
A major operational milestone was achieved with the commissioning of the secondary crusher in late July 2025, ahead of schedule and on budget. This infrastructure is critical for processing harder Abore ore and enabling the mill to reach its design throughput of 5.8 million tonnes per annum.
Further enhancements to the processing circuit included the commissioning of a new carbon regeneration kiln in Q2 2025, and the expansion of the oxygen generation plant and gravity circuit upgrades were nearing completion by the end of 2024. Exploration efforts continued to yield positive results, with Abore deep drilling confirming a mineralized system 200 meters below the current Mineral Reserve over a 1,200-meter strike length.
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