Added to YB: 2025-08-04
Pitch date: 2025-08-01
GAU [bullish]
Galiano Gold Inc.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Galiano Gold Inc. operates as a gold mining company. It owns a 90% interest in the Asanko Gold Mine consists of the Nkran, Esaase, Abore, and Miradani North open-pit mining areas located on the Asankrangwa Gold Belt in the Amansie West District of the Republic of Ghana, West Africa.
Market Cap
CAD 679.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.18
P/E
23.04
EV/Sales
1.40
Sector
Metals and Mining
Category
value
Galiano Gold - Equity Research Report
GAU.TO: 90%-owned Asanko Gold Mine ramping from 120koz (2024) to 200-260koz/yr by 2026-29 (+82% growth). $106M cash, zero debt, self-funding growth. 2026 guide: 180-210koz at $1,400-1,700/oz AISC (vs $2,501/oz Q1 temporary spike). Trading 0.28x NAV, 1.6x 2026E EV/EBITDA, 2.1x FCF. PT $3.30-3.50 (+140-155%). Abore underground drilling hit 34m@12g/t. Risks: single-asset, JV w/ Gold Fields, Ghana jurisdiction, cost volatility. At $3k gold: $150-200M annual OCF (50% of mcap).
Read full article (5 min)