GAU - Galiano Gold: Margin Compression Likely In FY2021
- Galiano Gold released its Q4 and FY2020 financial results last week with significant growth in annual earnings per share and has bolstered its cash balance to over ~$60 million.
- However, FY2021 should be a softer year for the company with higher sustaining costs, which could weigh on the company's all-in sustaining cost margins and annual EPS.
- At less than 7x FY2021 annual EPS estimates, Galiano Gold looks cheap, but I think there are much better opportunities elsewhere in the sector among higher-margin producers.
For further details see:
Galiano Gold: Margin Compression Likely In FY2021