CA - Galiano Gold reports Q1 results
2023-05-04 17:51:26 ET
- Galiano Gold press release ( NYSE: GAU ): Q1 Revenue of $65.2M (-15.9% Y/Y).
- The Company reported net income of $8.5 million in Q1 2023, compared to a net loss of $1.5 million in Q1 2022.
- Adjusted EBITDA 1 for Q1 2023 amounted to $6.7 million, compared to a loss of $1.5 million in Q1 2022.
- Cash used in operating activities in Q1 2023 was $0.5 million, compared to $3.2 million in Q1 2022.
- As of March 31, 2023, the Company had cash and cash equivalents of $56.2 million, while remaining debt-free.
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Galiano Gold reports Q1 results