Galiano Gold, Inc. · TSX:GAU

Galiano Gold — Q1 2025 Earnings Presentation

20 slides from Galiano Gold's earnings presentation, May 15, 2025

  1. Slide 1: Q1 2025 Results

    Q1 2025 Results May 15, 2025 © Copyright 2025 Galiano Gold. All rights reserved.

  2. Slide 2: Forward Looking Information & Cautionary Statements

    Forward Looking Information & Cautionary Statements Certain statements and information contained in this presentation constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities l

  3. Slide 3: Non-IFRS Measures

    Non-IFRS Measures Non-IFRS Performance Measures  The Company has included certain non-IFRS performance measures in this presentation. These non-IFRS performance measures do not have any standardized meaning and therefore may not be comparable to similar measures presented by other issuers. Accordin

  4. Slide 4: Participating Management

    Participating Management Matt Badylak Matt Freeman President & Chief Chief Financial Executive Officer Officer Michael Cardinaels Chris Pettman Chief Operating Vice President Officer Exploration 4

  5. Slide 5: Q1 Highlights

    Q1 Highlights Health & Safety  Two lost-time injuries (“LTIs”) and three total recordable injuries (“TRIs”)  12-month LTI and TRI frequency rates of 0.43 and 1.00 per million hours worked. Production  Sold 26,994oz Au at an avg realized price of $2,833/oz Cost and capital expenditures  Total cas

  6. Slide 6: Q1 Operations Overview

    Q1 Operations Overview Q1 2025 ACTUAL TOTAL TONNES Abore 4,800,000  0.7 Mt ore mined (+32% from Q4) at an avg grade of 0.9 g/t, strip 4,000,000 ratio of 7.5:1 (reduced 54% from Q4) 3,200,000 Essase Tonnes 2,400,000  Operations recommenced with 0.6 Mt ore mined at an avg grade of 1,600,000 0.8 g/t,

  7. Slide 7: Q1 Processing Update

    Q1 Processing Update  Process plant shutdown for 14-days to repair SAG mill, estimated ~4,500 – 5,000 oz reduction in Q1 production Metric Unit Q1 Tonnes treated Mt 1.1 Mill head grade g/t Au 0.8 Recovery % 87 Gold produced oz Au 20,734 Gold sold oz Au 26,994 Secondary Crusher:  On schedule for co

  8. Slide 8: Costs In Line

    Costs In Line Mining Capex  Abore & Esaase mining cost = $3.31/t compared to  Sustaining capex $1.3M $3.41/t in Q4 2024  Development capex (excl. Nkran): $3.3M  Nkran mining cost = $3.98/t, including site  Nkran cut 3 stripping and site establishment: $3.2M establishment costs  Ore transportat

  9. Slide 9: Q1 2025 Financial Metrics

    Q1 2025 Financial Metrics Consolidated Results Revenue Income from Mine Operations $76.6 M $15.4 M Avg. Realized Gold Price EBITDA(1) $2,833/oz Au $25.6 M AISC(1) Adjusted Net Income/Share(1) $2,501/oz $0.01 Cash Flow From Operations Adj. Net income(1) $25.9 M $3.4 M 9 1. Non-IFRS measure

  10. Slide 10: Maintaining Strong Cash Balance – No Debt

    Maintaining Strong Cash Balance – No Debt 140 120 100 US Millions ($M) 80 60 123 121 106 106 40 20 0 Q2 2024* Q3 2024* Q4 2024** Q1 2025* *unaudited 10 ** audited

  11. Slide 11: Q1 2025 Exploration Update

    ~$10M Q1 2025 Exploration Update 2025 Exploration Budget  Two active drill programs during Q1:  Abore infill and conversion focused on South end of the deposit  Northern extension testing at Akoma target – Results expected Q2 Abore  Results consistently equal to or better than the current Resour

  12. Slide 12: Abore Update

    Abore Update Plan map of Abore drilling showing 2025 holes and significant intercepts 12

  13. Slide 13: Abore Drilling

    Abore Drilling Cross section looking north showing high grade intercepts in conversion holes ABPC25- Cross section of new zone discovery hole ABPC25-346 shown against current block 316 and ABPC25-328, which have expanded northern extent of Abore South pit high model looking north grade zone 13

  14. Slide 14: Abore Targets

    Abore Targets New High Grade Discovery South High Grade Zone Potential Ore shoot Trends Priority Drill Targets 2025 Drill Hole Traces Abore Long Section Multiple Structural Targets at Depth 14

  15. Slide 15: Building on Strong Fundamentals

    Building on Strong Fundamentals Unique High-Growth Gold Producer Largest single asset gold producer in Ghana Robust 5-Year Strong Cash Outlook Balance +$100M As production ramps up No Debt & AISC decreases Highly Prospective Land Strongly Positioned for Package Re-Rate On underexplored gold belt Cur

  16. Slide 16: Appendix

    Appendix G cauano cop

  17. Slide 17: AGM Mineral Reserve Estimate as of December 31, 2024

    AGM Mineral Reserve Estimate as of December 31, 2024 Proven Probable Total Proven and Probable Deposit Tonnes Au Grade Au Content Tonnes Au Grade Au Content Tonnes Au Grade Au Content (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) Nkran 10.6 1.67 571 10.6 1.67 571 Esaase 13.6 1.22 533 13.6 1.22

  18. Slide 18: AGM Mineral Resource Estimate as of December 31, 2024

    AGM Mineral Resource Estimate as of December 31, 2024 Measured Indicated Measured + Indicated Inferred Deposit Tonnes Grade Au Contained Tonnes Grade Au Contained Tonnes Grade Au Contained Tonnes Grade Au Contained (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Nkran 16.3 1.81 9

  19. Slide 19: Tax

    Tax Ghana corporate tax regime Corporate income tax Withholding taxes  Rate 35% for mining (general rate 25%)  Charged on purchases from foreign suppliers; rates  Capital expenditure amortized over 5 years depend on country of domicile, and type of service, but typically range from 10% to 20%  O

  20. Slide 20: Contact

    Contact N. American Toll-Free: 1-855-246-7341 Email: info@galianogold.com © Copyright 2025 Galiano Gold. All rights reserved.

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