Galiano Gold(US:GAU)2023-11-15 18:33Q3 2023 Performance Highlights - Gold production reached 35,779 ounces[26] - All-in Sustaining Costs (AISC) were $1,445 per ounce[26] - Gold revenue totaled $67.6 million and net income was $21.3 million[26] - The company held $136.9 million in cash and cash equivalents, $4.4 million in gold sales receivables, and $2.0 million in gold on hand with no debt as of September 30, 2023[26] - Adjusted EBITDA was $25.5 million[58] - Free cash flow generated was $24.0 million[58] Financial Position and Growth - Galiano Corporate cash and cash equivalents stand at $56.1 million[32,34,35,36] - The company maintains a debt-free status[32,33,36,45] - The Asanko Gold Mine (AGM) joint venture (JV) has $137 million in cash[32] Forward-Looking Plans - Mining operations recommenced on October 1, 2023, with higher-grade ore expected to be delivered to the plant in Q2 2024[26] - The company aims to double production to 250,000 ounces per year by 2025[32,39] - A new Life of Mine (LOM) plan highlights an average gold production of 217,000 ounces per year[43]