Galiano Gold Inc (TSE:GAU) has released an update.
Galiano Gold Inc. has announced their 2024 projections, revealing an anticipated gold production increase to 140,000-160,000 ounces with an All-In Sustaining Cost of $1,600-$1,750/oz, due to improved operations at the Asanko Gold Mine in Ghana. The first quarter of 2024 yielded 30,386 ounces of gold, aligning with expectations, and the company holds a strong financial position with $130.8 million in cash and no debt. Significant investments are planned for the year, including $20 million in growth capital for plant upgrades and $15 million in exploration.
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