GAU - Galiano Gold: Output Dips Further In Q2
- Galiano Gold released its preliminary Q2 results last month, reporting quarterly gold production of ~50,400 ounces, a ~27% decline from the year-ago period.
- The lower output can be attributed to lower grades and decreased throughput, with the company busy working to develop Akwasiso for ore delivery in Q3.
- Fortunately, Galiano should have a much stronger H2 as grades improve without having to rely on low-grade stockpiles.
- I believe there are several better ways to play the sector, but from a trading standpoint, I see Galiano as a Speculative Buy at US$1.00.
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Galiano Gold: Output Dips Further In Q2