Q3 2024 Results November 8, 2024 © Copyright 2024 Galiano Gold. All rights reserved. Forward Looking Information & Cautionary Statements Certain statements and information contained in this presentation constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information ...

Galiano Gold Inc. (NYSE:GAU) Q3 2024 Earnings Call November 8, 2024 10:30 AM ET Company Participants Matt Badylak - President and Chief Executive Officer Michael Cardinaels - Executive Vice President and Chief Operating Officer Matt Freeman - Chief Financial Officer Conference Call Participants Heiko Ihle - H.C. Wainwright Raj Ray - BMO Capital Markets Matthew Baker - RBC Dominion Securities Operator Good morning. My name is Ludy, and I will be your conference operator today. At this time, I would like to w ...

Financial Performance - Revenue for the three months ended September 30, 2024, was $71,130,000, while for the nine months it reached $166,788,000, indicating a significant increase from previous periods[6] - Net income for the three months ended September 30, 2024, was $1,100,000, a decrease from $11,389,000 in the same period of 2023[6] - Net income for the nine months ended September 30, 2024, was $5,172,000, compared to a net loss of $3,297,000 for the same period in 2023[167] - The company recognized a gain of $1,416,000 on the derecognition of an equity investment in a joint venture during the nine months ended September 30, 2024[6] - The company reported a gross service fee of $1.0 million from the AGM JV for the nine months ended September 30, 2024, compared to $5.4 million for the same period in 2023[121] Assets and Liabilities - Total assets increased to $503,994,000 as of September 30, 2024, compared to $213,302,000 at December 31, 2023, representing a growth of 136%[2] - The company reported total liabilities of $259,939,000 as of September 30, 2024, compared to $12,384,000 at December 31, 2023, reflecting a substantial increase[2] - Current liabilities as of September 30, 2024, totaled $91,991,000, with $9,609,000 in Canada and $82,382,000 in Ghana[164] - Total financial liabilities amount to $186.8 million, with $49.2 million classified as fair value through profit or loss[138] Cash and Cash Equivalents - Cash and cash equivalents rose to $120,916,000 as of September 30, 2024, up from $55,270,000 at December 31, 2023, marking a 119% increase[2] - Cash and cash equivalents as of September 30, 2024, total $120.9 million, reflecting a strong liquidity position[138] - Cash provided by operating activities of $41,940,000 for the nine months ended September 30, 2024, compared to a cash used of $2,060,000 for the same period in 2023[10] Share Capital and Equity - Share capital increased to $616,070,000 as of September 30, 2024, from $579,619,000 at December 31, 2023, showing a growth of 6.3%[7] - The weighted average number of shares outstanding increased to 256,912,077 for the three months ended September 30, 2024, from 224,943,453 in the same period of 2023[6] - As of September 30, 2024, the total number of issued and outstanding common shares increased to 256,939,446, up from 224,943,453 on January 1, 2023, reflecting an increase of approximately 14.2%[88] Acquisition and Investments - The acquisition of Gold Fields' 45% interest in the Asanko Gold Mine resulted in a cash outflow of $65,000,000[10] - The total consideration for the acquisition included $65.0 million in cash, issuance of 28.5 million common shares, and $55.0 million of deferred consideration[41] - The fair value of the consideration paid for the 45% interest in AGM was estimated at $297.97 million[47] - The company expensed $2.5 million in acquisition-related costs during the three and nine months ended September 30, 2024[51] Production and Costs - Total production costs for the nine months ended September 30, 2024, amounted to $84,499 million, with significant expenses in raw materials, salaries, and contractors[115] - The cost of sales for the three months ended September 30, 2024, was $32,044,000, resulting in income from mine operations of $26,444,000[165] Financial Expenses - The company reported a finance expense of $36,592,000 for the nine months ended September 30, 2024, significantly higher than $13,000 for the same period in 2023[10] - The company incurred total finance expenses of $36,607 million for the nine months ended September 30, 2024, primarily due to unrealized and realized losses on gold hedging instruments[127] Tax and Royalties - The company is subject to a 5% gross revenue royalty payable to the Government of Ghana, along with an additional 1% Growth and Sustainability Levy on gold revenues for the fiscal years 2023 to 2025[116][117] Working Capital and Cash Flow - Operating cash flow before working capital changes for the nine months ended September 30, 2024, was $59,758,000, compared to a negative $4,333,000 for the same period in 2023[10] - The change in non-cash working capital for the nine months ended September 30, 2024, resulted in a decrease of $17.8 million[137] - The Company believes it can meet all working capital requirements and contractual obligations as they fall due[151] Hedging and Risk Management - The company is exposed to gold price risk, which significantly affects earnings and the value of financial instruments[158] - The company engages in hedging programs to manage exposure to gold price risk, particularly during periods of elevated capital spending[159] Other Financial Metrics - The average interest rate earned on cash and cash equivalents during the nine months ended September 30, 2024, was 5.4%[154] - The company recorded a legal provision of $7,000,000 as of September 30, 2024, related to an arbitration ruling[71]

Q2 2024 Results GALIANO GOLD August 9, 2024 © Copyright 2024 Galiano Gold. All rights reserved. Forward Looking Information & Cautionary Statements Certain statements and information contained in this presentation constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and i ...

Galiano Gold Inc. (NYSE:GAU) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Matt Badylak - President & CEO Matthew Freeman - CFO Chris Pettman - VP, Exploration Conference Call Participants Heiko Ihle - H.C. Wainwright Alfredo Schmutzer - Equinox Partners Raj Ray - BMO Capital Markets Dan Ellsworth - World Micro Bereket Berhe - Beacon Securities Operator Good morning. My name is Sylvie, and I will be your conference operator today. At this time, I would like to welcome ever ...

TABLE OF CONTENTS GALIANO GOLD INC. MANAGEMENT'S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2024 and 2023 (Expressed in United States dollars) | --- | --- | --- | |-------|----------------------------------------------------------|-------| | | | | | 1. | Second quarter 2024 highlights | 3-4 | | | | | | 2. | Business overview | 4-11 | | | | | | 3. | Guidance and outlook | 12 | | 4. | Results of the Asanko Gold Mine | 13-21 | | 5. | Results of the Company | 22-24 | | | | | | 6. | Sele ...

The call will be webcast https://app.webinar.net/oDr5QxmeL6M and can be accessed at Galiano's website: www.galianogold.com. VANCOUVER, BC, July 8, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce it will release its Q2 2024 financial and operational results after market close on August 8, 2024. SOURCE Galiano Gold Inc. About Galiano Gold Inc. Conference Call Details Replay (available until August 16, 2024) Date: August 9, 2024 Local: 4 ...

Core Viewpoint - Investors in Galiano Gold Inc. should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Aug 16, 2024 $7.50 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectation of future price movements, with high levels suggesting potential significant price changes or upcoming events that could lead to a rally or sell-off [2] - The current high implied volatility for Galiano Gold shares suggests that options traders anticipate a substantial price movement [4] Group 2: Analyst Sentiment - Galiano Gold holds a Zacks Rank 2 (Buy) in the Mining - Gold industry, which is in the top 26% of the Zacks Industry Rank [3] - Over the past 60 days, one analyst has raised earnings estimates for the current quarter, increasing the Zacks Consensus Estimate from 2 cents per share to 3 cents [3]

Group 1 - Galiano Gold Inc. announced that all resolutions at the Annual General Meeting held on June 13, 2024, were passed, including the election of directors and the appointment of auditors [2][3][6]. - The resolution to set the number of directors at seven was approved, and the seven nominees were elected as directors [6][7]. - EY LLP was re-appointed as the auditor for the upcoming year, with the directors authorized to determine the remuneration [3]. Group 2 - The advisory vote on executive compensation was approved with 99.31% votes in favor [1]. - The voting results for the election of directors showed high approval rates, with individual directors receiving between 99.82% and 99.87% of votes in favor [9]. - Galiano Gold Inc. focuses on sustainable business practices, emphasizing environmental management, social responsibility, and employee health and safety [8].

VANCOUVER, BC, May 28, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis") have both recommended that Galiano's shareholders vote FOR all the proposed resolutions that will be considered at the Company's Annual General Meeting of Shareholders (the "Meeting"), which will be held virtually on Thursday, June 13, 2024 at 10:00 a.m. (Pacific Time) ...