GAU · AMEX · Gold

Galiano Gold (GAU)

Operates and explores a Ghanaian open-pit gold mine complex.

$2.31
Pre-market+0.04 (+1.76%)
At close$2.27(+5.58%)
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Galiano Gold Inc.GAUMaterials

Produces refined gold from the Asanko Gold Mine in Ghana, selling delivered output to bullion-market banks and, for part of production, the Bank of Ghana. All reported revenue and mine exposure come from this single property.

Operates and explores the Asanko Gold Mine, a district-scale open-pit complex in Ghana. Four primary pits—Abore, Nkran, Esaase and Miradani North—feed a central carbon-in-leach plant, while drilling tests depth extensions around existing deposits.

Sells refined gold once it is delivered and credited to buyers’ gold accounts, principally LBMA-registered banks and, for part of output, the Bank of Ghana. Mine sequencing, ore hardness, grade, recovery, seasonal rain, haul distances, and crusher and mill availability determine operational performance.

Runs its only reportable segment and material property through an operating subsidiary in which Ghana holds a free-carried interest. Mineral tenure, permits, water, tailings, security, and community access are continuing operating dependencies.

Company facts

CEOMatt Badylak
ListedJan 2, 2008
ExchangeAMEX
HeadquartersVancouver, Canada
CountryCanada
Employees594
CIK0001377757
ISINCA36352H1001

Market cap$590.3M
EPS (ttm)$0.2648
P/E (ttm)8.53
ROE29.2%
P/B1.86
P/S0.9927
Dividend yieldDiv yield
Beta2.18vs XLB 1.45

Price target$4.25+88.1%Avg of 7 analysts
ConsensusHold4 of 7 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 5, 2026
in 63 days
EPS estimate
$0.13
Revenue estimate
$181.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.02$0.01$0.08−$0.01$0.15$0.11$0.09Pending
Estimate$0.08$0.02$0.05$0.14$0.13$0.13$0.10$0.13
Surprise−75.0%−50.0%+60.0%−107.1%+15.4%−15.4%−10.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$64.6M$76.6M$97.3M$114.2M$159.7M$166.5M$183.7MPending
Estimate$77.0M$71.0M$85.0M$123.0M$134.0M$134.1M$151.8M$181.9M
Surprise−16.2%+7.9%+14.5%−7.2%+19.2%+24.2%+21.0%
Estimate$0.13
ReportedDue Nov 5, 2026
Estimate$181.9M
ReportedDue Nov 5, 2026
View details

Debt to equity23.50%
Current ratio122.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$71.1M$64.6M$76.6M$97.3M$114.2M$159.7M$164.2M$156.6M
Net income$1.1M$946.0K−$26.8M$19.3M−$38.6M$16.8M$32.2M$61.9M
Net margin1.5%1.5%0.0%19.9%0.0%10.5%19.6%39.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$22.9M$15.4M$8.1M$30.6M$37.6M$76.7M$86.1M$90.4M
YoY growth+114.8%+64.4%+398.4%+963.2%+195.7%

Balance sheet, Jun 30, 2026Cash & short-term investments $83.5M · Total debt $74.6M · Total assets $719.5M · Shareholders' equity $317.3M

Revenue
$156.6M
Operating income
$90.4M
Net income
$61.9M
View details

No dividends on record.

Institutions94 holders · as of Jun 30, 202655.06%143.83M ADS
Strategic holders1 holder · as of Nov 6, 202513.18%34.43M ADS
Otherremainder31.76%82.96M ADS

261.21M ADS as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2024 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
BlackRock Portfolio Management LLCStrategic
13.18%34.43M13Gfiled Nov 6, 2025
Donald Smith & Co., Inc.Institution
10.08%26.34M ADS13Fas of Jun 30, 2026
Aegis Financial CorpInstitution
5.41%14.13M ADS13Fas of Jun 30, 2026
Ruffer LLPInstitution
4.97%12.99M ADS13Fas of Jun 30, 2026
Franklin Resources IncInstitution
4.57%11.94M ADS13Fas of Jun 30, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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