GAU - Galiano Gold reports Q2 earnings; raises FY22 production guidance
- Galiano Gold press release ( NYSE: GAU ): Q2 Non-GAAP EPS of $0.06.
- Revenue of $84.9M (-10.8% Y/Y).
- Reported gold revenue of $84.7M generated from 46,236 gold ounces sold at an average realized price of $1,832/oz.
- Adjusted EBITDA of $21.1M.
- As at June 30, 2022, the company held cash and cash equivalents of $53.0M and $5.2M in receivables for a gross liquidity position of $58.2M and no debt.
- Gold production of 50,010 ounces during the quarter.
- Full year gold production guidance has been revised from 100,000 to 120,000 ounces to 140,000 to 160,000 ounces.
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Galiano Gold reports Q2 earnings; raises FY22 production guidance