Galiano Gold(US:GAU) TMX Newsfile·2026-02-12 22:15Core Viewpoint - Galiano Gold Inc. reported strong operational and financial results for Q4 and FY 2025, highlighting significant increases in gold production and revenue, alongside a robust cash position and strategic growth plans for FY 2026 [1][4][5]. Financial Highlights - Q4 2025 generated gross revenue of $159.7 million, a 147% increase from $64.6 million in Q4 2024, driven by a 60% rise in average gold sales prices and a 55% increase in gold ounces sold [21][29]. - The company reported net income of $16.8 million in Q4 2025, compared to $0.9 million in Q4 2024, with adjusted EBITDA of $85.5 million, up from $21.2 million in the previous year [29][22]. - For FY 2025, total revenue reached $447.8 million, a 93% increase from $231.3 million in FY 2024, with gold production totaling 121,191 ounces, a 5% increase year-on-year [30][22]. Operational Performance - Gold production in Q4 2025 was 37,574 ounces, a 15% increase from Q3 2025, while FY 2025 production was 121,191 ounces, within the revised guidance range [7][30]. - The average gold grade mined in Q4 2025 was 0.9 g/t, with a strip ratio of 8.0:1, and the company milled 1.4 million tonnes of ore with a recovery rate of 91% [7][20]. - The company achieved 6.5 million hours worked without lost-time injuries, maintaining a strong safety record [7]. Cost and Capital Expenditures - All-in sustaining costs (AISC) for Q4 2025 were $2,033/oz, an 11% decrease from Q3 2025, attributed to higher gold ounces sold [21][20]. - Development capital expenditures for FY 2026 are guided at $120 million to $140 million, primarily for Nkran Cut 3 waste stripping and village resettlement costs [11][10]. - Exploration expenditures are projected at $17 million to $19 million for FY 2026, focusing on infill drilling at Abore and increasing Mineral Reserves at Esaase [12]. Future Guidance - For FY 2026, gold production is expected to be between 140,000 and 160,000 ounces, representing a 25% increase year-on-year, with AISC projected between $2,000/oz and $2,300/oz [6][5]. - The company anticipates that higher mined grades will be progressively accessed from Abore, with production weighted towards the second half of FY 2026 [9][10]. - The successful commissioning of the secondary crusher is expected to enhance plant performance and support the anticipated production growth [4][9].