Galiano Gold(US:GAU) ZACKS·2025-03-18 17:25Core Viewpoint - Galiano Gold (GAU) reported adjusted earnings per share (EPS) of 2 cents for Q4 2024, missing the Zacks Consensus Estimate of 8 cents, despite benefiting from higher gold prices during the quarter [1][8]. Financial Performance - The AGM joint venture's operational and financial results have been consolidated into GAU's results following the acquisition of Gold Fields Limited's 45% interest on March 4, 2024 [2]. - The mine generated revenues of approximately $65 million in Q4 2024, reflecting an 8.5% year-over-year increase, driven by a 34% rise in gold prices, although offset by a 19% decline in sales volume [3]. - Gold production for the quarter was 28,508 ounces, down 10.8% year-over-year, with total cash operating costs rising to $1,426 per ounce, a 14.4% increase from the previous year [4]. - Income from mine operations reached $21 million in Q4 2024, a significant increase of 142% from $8.7 million in the same quarter last year [5]. - Adjusted EBITDA was reported at $21.1 million compared to $0.098 million in the year-ago quarter, and net income was $0.95 million, contrasting with a net loss of $5.75 million in Q4 2023 [6]. Cash Position - At the end of Q4 2024, Galiano's cash and cash equivalents stood at $1.05 billion, up from $0.55 billion in 2023, with cash generated from operating activities at $0.1 million, compared to an outflow of $1.5 million in Q4 2023 [7]. Annual Results - For the full year 2024, GAU reported an EPS of 2 cents, missing the Zacks Consensus Estimate of 8 cents, and down from an EPS of 12 cents in 2023. Total revenues for 2024 were $231 million, also below the Zacks Consensus Estimate of $241 million [8]. Stock Performance - Galiano's shares have increased by 26.1%, while the industry has seen a growth of 53.8% [9].