Canada's Galiano Gold Q1 revenue more than doubles on higher gold prices

Galiano Gold

13/05/2026 23:12

Overview

Canada gold miner's Q1 revenue more than doubled yr/yr on higher gold prices and sales

Q1 adjusted EBITDA and operating cash flow rose sharply from a year earlier

Company raised 2026 exploration budget by $7.5 mln after positive drilling results

Outlook

Galiano Gold raises FY 2026 AISC guidance to $2,300-$2,600/oz from $2,000-$2,300/oz

Company maintains 2026 gold production guidance of 140,000 to 160,000 ounces

Mining volumes at Nkran expected to increase significantly after additional equipment mobilized in Q2 2026

Result Drivers

HIGHER GOLD PRICES AND SALES - Revenue growth was driven by a 71% increase in average gold sales prices and a 27% increase in gold ounces sold

LOWER PROCESSING COSTS - Processing costs per tonne fell 11% yr/yr due to higher mill throughput volumes, partly offset by maintenance costs

HIGHER ROYALTIES - Royalties expense rose due to higher revenues and the introduction of a sliding scale royalty by the Government of Ghana

Company press release: ID:nNFC1xSYbX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
$93.40 mln
Q1 Cash Flow from Operating Activities
$46.70 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)