Added to YB: 2025-08-04
Pitch date: 2025-08-01
GAU [bullish]
Galiano Gold Inc.
+44.1%
current return
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
CAD 1.95
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)