On December 21, 2023, the company stated that it had achieved an agreement with Gold Fields to buy a 45% stake in the AGM.
“The AGM exceeded production guidance for the second consecutive year, strengthening the balance sheet. The updated technical report now outlines a realistic mine production and cost profile. Furthermore, fulfilling our commitment to recommence mining on October 1st places us on schedule to realize meaningful, low-risk organic production growth, which is expected to increase to an average annual gold production of 254,000 per year from 2025 onwards. We remain excited about the prospectivity of the Asankrangwa Gold Belt and will continue to aggressively pursue exploration targets in 2024 to further extend the life of mine,” said Matt Badylak, Galiano’s president and CEO.
