Galiano Gold provided 2024 operating and cost guidance and an update on the improved Abore Mineral Resource at the Company’s Asanko Gold Mine located in Ghana, West Africa. The AGM is expected to produce 140,000-160,000 ounces at forecast All-In Sustaining Cost, or AISC, of between $1,600/oz to $1,750/oz. With the AGM now owned 90% by Galiano, production is expected to significantly exceed that of 2023, more than doubling the Company’s attributable gold production. AISC1 is anticipated to be slightly elevated in 2024 primarily due to the waste stripping to access consistent ore feed at Abore, which will benefit future years production. Sustaining capital, exclusive of capitalized waste stripping, is expected to be approximately $10M in 2024. Growth capital in 2024 is expected to be approximately $20M and primarily includes plant upgrades and site establishment costs. The exploration program in 2024 is expected to be in line with previous years at $15M. The spend is planned to be equally split between generative and near-mine exploration activities.
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