Inferra AI / Company / GAU

Galiano Gold

GAU · Materials

Last earnings Aug 7, 2026 · Next earnings Nov 5, 2026

Key results

Revenuefull-year

Deferred and contingent consideration (continued) (b) Contingent consideration (continued) The following table summarizes the change in the carrying amount of the contingent consideration for the six months ended June 30, 2026 and year ended December 31, 2025: June 30, 2026 December 31, 2025 $ $ Balance, beginning of period 19,320 16,873 Change in fair value during the period 1,353 2,447 Balance, end of period 20,673 19,320 (c) Nkran royalty A 1% net smelter return royalty on gold revenue generated from the Nkran deposit is payable beginning upon 100,000 gold ounces being produced, and subject to a maximum of 447,000 gold ounces of production.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Revenuequarter

31%

During the six months ended June 30, 2026, revenue from four customers accounted for approximately 31%, 31%, 21% and 17% of the Company's total revenue, respectively (six months ended June 30, 2025 - three customers accounted for 71%, 18% and 11% of total revenue, respectively).

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Royalties Until March 10, 2026, all of the AGM's concessions were subject to a 5% gross revenue royalty payable to the Government of Ghana.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Net incomeytd

$0.24

Net income of $0.24 and adjusted net income 1 of $0.09 per common share (basic) during Q2 2026.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Adjusted net incomeytd

$0.09

Net income of $0.24 and adjusted net income 1 of $0.09 per common share (basic) during Q2 2026.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

The increase in revenue quarter-on-quarter was due to a 34% increase in average gold sales price and a 20% increase in gold ounces sold.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

On March 13, 2026, the Government of Ghana passed into law an amendment to the Growth and Sustainability Levy ("GSL") rate, reducing it from 3% to 1% of gold revenues.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

revenue of $323.1 million (including $0.8 million of by-product silver revenue).

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

The increase in revenue period-on-period was due to a 50% increase in average gold sales prices and a 23% increase in gold ounces sold.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

AI analysis

Q2 2026 · reported Aug 7, 2026

Based on: Earnings release (6-K exhibit) + Q2 2026 deck + parent 6-K — transcript not held

Headline figures

Metric	Q2 2026	Prior qtr	Year ago
Revenue	31%	—	—

EX-99 · Aug 7, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNov 5, 2026Verified from the company’s own announcement

Capital allocation

Capex$16M

Refer to note 9 for details on the revolving credit facility, which is secured by a first priority charge against Asanko Gold Ghana Ltd.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Galiano Gold Q2 2026 — Deferred and contingent consideration (continued) (b) Contingent consideration (continued) The following table summarizes the change in the carrying amount of the contingent consideration for the six…

Based on: Earnings release (6-K exhibit) + Q2 2026 deck + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Refer to note 9 for details on the revolving credit facility, which is secured by a first priority charge against Asanko Gold Ghana Ltd.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Revolving credit facility On December 19, 2025, the Company's subsidiary AGGL entered into a revolving credit facility (the "RCF") with FirstRand Bank Limited, acting through its Rand Merchant Bank division.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Revolving credit facility (continued) The Company was required to deposit $0.9 million of cash into a reserve account in connection with closing the RCF.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

(b) Base shelf prospectus On July 8, 2025, the Company filed a final short form base shelf prospectus (the "Prospectus"), under which the Company may sell from time-to-time common shares, warrants, subscription receipts, units, debt securities and/or share purchase contracts of the Company, up to an aggregate of $500 million.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Financial Cash and cash equivalents of $80.0 million and restricted cash of $25.9 million as of June 30, 2026 and no debt.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Unit H1 2026 H2 2026 Actual Guidance Guidance Gold production Oz 69,138 60,000 to 70,000 80,000 to 90,000 Total sustaining capital expenditures remain guided to between $16 million and $18 million for FY 2026, excluding sustaining capitalized stripping costs.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Strategy & priorities

(d) Accounting standards and amendments issued but not yet adopted The following standards and interpretations, which may be applicable to the Company, have been issued but are not yet effective as of June 30, 2026: IFRS 18 On April 9, 2024, the IASB issued IFRS 18, Presentation and Disclosure in Financial Statements , a new standard on presentation and disclosure in financial statements with a focus on updates to the statement of profit or loss.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Refer to note 9 for details on the revolving credit facility, which is secured by a first priority charge against Asanko Gold Ghana Ltd.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

The RCF is guaranteed by certain subsidiaries of the Company and is also secured by a first priority charge against AGGL's assets, and a first priority share pledge of certain of the Company's subsidiaries.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

The number of units that vest will be determined by the Company's relative share price performance in comparison to a peer group of companies or upon achievement of defined Company strategic objectives.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Galiano is a gold mining company with a strategic vision to become a mid-tier producer.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Risks & headwinds

Contingencies Due to the nature of its business, the Company and its subsidiaries may be subject to regulatory investigations, claims, lawsuits and other proceedings in the ordinary course of its business.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

While the Company cannot reasonably predict the ultimate outcome of these actions, and inherent uncertainties exist in predicting such outcomes, the Company believes the estimated provision is reasonable based on the information currently available.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

While the Company cannot reasonably predict the ultimate outcome of these actions, and inherent uncertainties exist in predicting such outcomes, the Company believes that the ultimate resolution of these actions is not reasonably likely to have a material adverse effect on the Company's financial condition or future results of operations.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

This MD&A contains forward-looking statements and should be read in conjunction with the risk factors described under the headings "Risks and Uncertainties" and "Cautionary Statements" at the end of this MD&A.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Due to the nature of its business, the Company may from time to time be subject to regulatory investigations, claims, lawsuits and other proceedings in the ordinary course of its business.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

While the Company cannot reasonably predict the ultimate outcome of any such actions, and inherent uncertainties exist in predicting such outcomes, the Company believes that the ultimate resolution of these actions is not reasonably likely to have a material adverse effect on the Company's financial condition or future results of operations.

SEC original ↗Galiano Gold — Earnings release (6-K exhibit)EX-99Aug 7, 2026

Documents

Earnings deck slides

0 decks with slide view

Galiano Gold — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors