Canada's Galiano Gold Q2 revenue and profit rise on higher gold prices and ounces sold

Galiano Gold

07/08/2026 24:06

Overview
Canada gold miner's Q2 revenue and net income rose on higher gold prices and sales volume
Adjusted net income per share for Q2 increased to $0.09 from $0.08 a year ago
Q2 all-in sustaining costs rose 10% yr/yr due to higher royalties in Ghana

Outlook
Galiano Gold maintains 2026 production guidance of 140,000-160,000 ounces of gold
Company maintains 2026 AISC guidance of $2,300/oz to $2,600/oz
Production expected to strengthen in H2 2026, driven by higher mining rates at Nkran

Result Drivers
HIGHER GOLD PRICES AND SALES - Co said Q2 revenue and net income increased due to a 34% rise in average gold sales prices and 20% more gold ounces sold
HIGHER ROYALTIES - Co said Q2 all-in sustaining costs rose 10% yr/yr due to Ghana's new sliding scale royalty framework
INCREASED MINING AND PROCESSING COSTS - Co said Q2 mining and processing costs rose due to fewer tonnes mined, more fresh rock at Abore, higher diesel prices, and maintenance on the primary crusher and ball mill

Company press release: ID:nNFC180d0P

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITDA
 
$78.50 mln
 
Q2 Cash Flow from Operating Activities
 
$31.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Galiano Gold Inc is C$7.00, about 156.4% above its August 6 closing price of C$2.73
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

Reuters Recommended Reads
Aug 6 - Canada's IAMGOLD Q2 adjusted EBITDA rises on higher gold prices
Aug 6 - Canada's McEwen Q2 revenue rises on higher gold prices
Aug 6 - Canada's B2Gold Q2 revenue and adjusted EPS miss estimates, narrows 2026 gold production guidance

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(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.)