Galiano Gold, Inc. · TSX:GAU

Galiano Gold — Q2 2025 Earnings Presentation

24 slides from Galiano Gold's earnings presentation, Aug 14, 2025

  1. Slide 1: Q2 2025 Financial & Operating Results

    Q2 2025 Financial & Operating Results Aug 14, 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: Q2 Summary: Positive Momentum

    Q2 Summary: Positive Momentum Metric Q2 2025 Q1 2025 Change Lost-time injuries Nil 2 -100% Total recordable injuries Nil 3 -100% Gold produced (oz) 30,350 20,734 +46% Avg realized gold price $3,317 $2,833 +17% ($/oz) Revenue ($m) $97.3 $76.6 +27% Cash flow from $35.8 $25.9 +38% operations ($m) Cash

  6. Slide 6: Q2 Operations Overview

    Q2 Operations Overview Health & Safety 2025 ACTUAL TOTAL TONNES  No lost-time injuries (“LTI”) nor total recordable injuries (inclusive of 12 LTIs) (“TRI”). 10  12‐month rolling LTI and TRI frequency rates of 0.42 and 0.97 per 8 Million Tonnes million hours worked. 6 4 Abore 2  0.8 Mt ore mined (

  7. Slide 7: Q2 Processing Update

    Q2 Processing Update  Additional tonnes processed and increased plant recovery contributed to an improvement in gold production quarter-on- quarter Metric Unit Q2 2025 Q1 2025 Tonnes treated Mt 1.2 1.1 Mill head grade g/t Au 0.8 0.8 Recovery % 89 87 Gold produced oz Au 30,350 20,734 Gold sold oz Au

  8. Slide 8: Projects Update

    Projects Update Secondary Crusher:  Objective to maintain plant throughput at design capacity of 5.8 Mt per annum when treating harder ore.  Construction completed on budget and commissioned in late July.  Modifications required to downstream equipment ongoing in August. Secondary Crusher Feed Se

  9. Slide 9: Q2 2025 Consolidated Financial Metrics

    Q2 2025 Consolidated Financial Metrics Q2 2025 Results Revenue Income from Mine Operations $97.3 M $37.2 M Avg. Realized Gold Price Adjusted EBITDA(1) $3,317/oz Au $39.9 M AISC(1) Net Income/Share(1) $2,251/oz $0.07 Cash Flow From Operations Free Cash Flow(1) $35.8 M $5.6 M 9 1. Non-IFRS measure

  10. Slide 10: Costs In Line

    Costs In Line Mining  Abore & Esaase mining cost = $3.59/t in line with plan  Ore transportation costs = $4.49/t, 1.1Mt ore trucked from Abore and Esaase, tracking below budget due to less reliance on Esaase ore Processing  Processing cost = $12.89/t, 10% reduction from Q1 2025 due to higher thro

  11. Slide 11: Maintaining Strong Cash Balance – No Debt

    Maintaining Strong Cash Balance – No Debt 125 800 701 700 121 120 600 AISC Margin after ZCC** ($/oz) Consolidated Cash* (US$M) 500 115 400 115 300 210 150 200 110 100 106 106 - 105 (100) (201) (200) 100 (300) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cash balance AISC margin after ZCC *cash unaudited @ Q3 24,

  12. Slide 12: Q2 2025 Exploration Update

    ~$10M Q2 2025 Exploration Update 2025 Exploration Budget Abore Infill  Phase 2 infill drilling program expanded to 8,900m and is currently underway  Program designed to test for further extensions of mineralization beginning immediately below the MRMR following excellent Phase 1 results  Phase 1

  13. Slide 13: Abore Phase Infill Targets

    Abore Phase 2 Infill Targets New High Grade Discovery South High Grade Zone Potential Ore shoot Trends Priority Drill Targets 2025 Drill Hole Traces Abore Long Section Multiple Ore Shoot Targets 13

  14. Slide 14: Abore: Q2 Deep Drilling Results

    Abore: Q2 Deep Drilling Results  Cross Section A-A1 showing hole ABPC25-356  Completed Abore step-out drilling program: • Consisted of 4 holes totaling 1,907m • Designed to test for continuity of mineralization below current MRMR • Confirmed granite and mineralizing system continues 200m below cur

  15. Slide 15: Abore Plan Map: Deeps Drilling

    Abore Plan Map: Deeps Drilling 15

  16. Slide 16: Abore: Gram Meter Long Section of Q2 Deeps Drilling

    Abore: Gram Meter Long Section of Q2 Deeps Drilling 16

  17. Slide 17: Abore: Significant Grades and Widths at Depth

    Abore: Significant Grades and Widths at Depth  Wide intercepts of host granite such as that shown here in ABDD25-350 demonstrate the upside growth potential at depth at Abore  This hole is located under Abore main pit and carries high grades that could support a potential underground bulk mining o

  18. Slide 18: Abore: Significant Grades and Widths at Depth

    Abore: Significant Grades and Widths at Depth  Hole ABPC25-356 intersected well mineralized granite 200m below the Reserve at Abore north pit  Demonstrates the scale of potential future growth at Abore 18

  19. Slide 19: Building on Strong Fundamentals

    Building on Strong Fundamentals Outlook Financial Exploration Mining Processing Country Risk Valuation  Robust 5-year  Strong cash  Aggressively  Ahead of strip  Secondary  Ghana – premier  Positioned for a outlook balance of exploring Abore schedule at crusher project African mining re-rate

  20. Slide 20: Appendix

    Appendix G cauano cop

  21. Slide 21: 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

  22. Slide 22: 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

  23. Slide 23: 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

  24. Slide 24: 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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