CA - Galiano Gold reports Q4 results; initiates FY23 guidance

2023-03-29 01:07:44 ET

• Galiano Gold press release ( NYSE: GAU ): Q4 gold revenue of $296.5 million generated from 167,849 gold ounces sold at an average realized price of $1,767/oz for the year.
• Revenue of $57.8M (-36.6% Y/Y).
• Produced 170,342 ounces of gold in 2022, achieving the upper end of revised 2022 production guidance of 160,000–170,000 ounces as stockpile grades performed better than expected.
• Sold 34,202 ounces of gold in Q4 2022 at an average realized gold price of $1,686/oz for total revenue of $57.8 million, a decrease of $33.3 million from Q4 2021.
• AISC for Q4 2022 was $1,191/oz compared to $1,539/oz in the comparative period.
• Gold production of 34,090 ounces during the fourth quarter and annual gold production of 170,342 ounces, achieving the upper end of revised guidance of 160,000 to 170,000 ounces.
• 2023 guidance: The AGM is expected to produce between 100,000 to 120,000 ounces at AISC guidance of between $1,900/oz to $1,975/oz.

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