GAU - Galiano Gold GAAP EPS of $0.05 beats by $0.06 revenue of $64.07M; raises FY23 production guidance
2023-08-03 01:09:12 ET
- Galiano Gold press release ( NYSE: GAU ): Q2 GAAP EPS of $0.05 beats by $0.06 .
- Revenue of $64.07M (-24.5% Y/Y).
- Gold production of 33,673 ounces during the second quarter.
- Achieved milling throughput of 1.5 million tonnes ("Mt") of ore at a grade of 0.8 g/t during the quarter. Metallurgical recovery in Q2 2023 was 85%.
- Gold revenue of $64.0 million generated from 32,912 gold ounces sold at an average realized price of $1,944/oz for the quarter. Adjusted EBITDA of $25.5 million during the quarter.
- $112.9 million in cash and cash equivalents, $12.0 million in gold sales receivables, $2.3 million in gold on hand and no debt as of June 30, 2023.
- Full year gold production guidance has been revised upward from between 100,000 to 120,000 ounces to between 120,000 to 130,000 ounces.
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Galiano Gold GAAP EPS of $0.05 beats by $0.06, revenue of $64.07M; raises FY23 production guidance