Galiano Gold, Inc. · TSX:GAU
Galiano Gold — Mines and Money, March 2021
19 slides from Galiano Gold's conference presentation, Mar 22, 2021
Slide 1: Creating a Sustainable Business
CREATING A SUSTAINABLE BUSINESS Mines and Money March 23-26, 2021 TSX, NYSE AMERICAN: GAU 1
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION Cautionary Note Regarding Forward-Looking 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 app
Slide 3: Galiano at a Glance
GALIANO AT A GLANCE Key Information Ahafo, Newmont AGM Asumura Complex Project (50% GAU) Early Stage Bibiani, Resolute Exploration Basic shares outstanding(1) 224.4m Chirano, Kinross Akyem, Newmont Obuasi, AngloGold Ashanti Corporate cash & receivables(2) $65.1m Edikan, Perseus Damang, Gold Fields W
Slide 4: Achieved 2020 Guidance at the AGM
ACHIEVED 2020 GUIDANCE AT THE AGM(1) AGM JV (100%) – Mill Throughput and Grade • 2020 Gold production guidance: 225,000 – 245,000 oz kt g/t • Q4A = 65,571oz; 2020A = 249,904oz 1,800 1.6 1.4 1.5 1.5 1.6 • Exceeded top end of production guidance for 2nd consecutive year 1,600 1.4 1,638 1,400 1,439 1,4
Slide 5: Strong Cashflow
STRONG CASHFLOW ASANKO GOLD MINE (AGM JV) (100%) AGM JV (100%) – Cash Flow from Operations(2) US$ ‘000s • Cash flow focus started in mid-2019 Strong • 2019: $120m cash flow from ops, $44m free cash 48,000 48,829 Cash Flow flow(1) 45,570 45,440 47,997 Generation • 2020: $152m cash flow from ops , $70
Slide 6: 2020 Exploration Success
2020 EXPLORATION SUCCESS • The AGM covers a 21,300-hectare land package • Over 40,000 meters drilled in 2020, focusing on four targets: • Abore, infill drilling focused in the main pit area, mineralization is open along strike. Highlights: • Hole 029: 28m @ 4.9 g/t (from 75m) • Hole 024: 6m @ 24.3 g
Slide 7: Miradani North
MIRADANI NORTH • 2019 Drilling (April 2019 press release) • Tested the target along a 320m strike length • Identified encouraging widths of mineralization • Hole 008: 74m @ 1.9 g/t (from 185m) • Hole 009: 57m @ 3.0 g/t (from 99m) • Phase 2 Drilling (November 2020 press release) • Tested mineralizati
Slide 8: Next Steps at Miradani
NEXT STEPS AT MIRADANI • Drilling focus will shift from Miradani North to the greater Miradani Miradani area (>5km long trend) North • Goal will be to determine the extent of the opportunity – global potential • The drilling program in H1 2021 will include: • Widely spaced fences moving from the nor
Slide 9: Nkran Cut 3 – Overview
NKRAN CUT 3 – OVERVIEW • Nkran has been the main source of ore at the AGM since the • Opportunity to optimize Nkran Cut 3 and improve the start of operations economics relative to the Technical Report • Mining from Cut 2 finished in mid-2020, next phase • ~8,000 oz per vertical metre provides opport
Slide 10: Nkran Cut – Opportunity
NKRAN CUT 3 – OPPORTUNITY • Recent drilling success has shown significant intercepts below the previously proposed Nkran Cut 3 grade shell • Design work underway to capture opportunity at depth • Significant leverage to gold price and upside associated with cost savings during development and operat
Slide 11: Responsible Business Conduct
RESPONSIBLE BUSINESS CONDUCT ENVIRONMENT SOCIAL GOVERNANCE Limiting environmental impact Engaging with local communities Maintaining sound corporate and remediating any disturbances: to create self-sustaining legacies: governance and ethical business: • Maximizing energy efficiency • Improving healt
Slide 12: Summary – Creating Shareholder Value
SUMMARY – CREATING SHAREHOLDER VALUE Clear strategy Exploration Cost reduction Refreshed brand, Building on a strong focused on opportunity on under- underway to drive Board and ESG foundation generating FCF and explored costs down by Management maintaining solid land package of over ~$100/oz balanc
Slide 13: Appendices
APPENDICES 13 13
Slide 14: Appendix A - Q4 2020 Operational Highlights at the Asanko Gold Mine
APPENDIX A - Q4 2020 – OPERATIONAL HIGHLIGHTS AT THE ASANKO GOLD MINE (AGM)(1) • Safety • One lost-time injury (“LTI”) and three total recordable injuries (“TRI”). • LTI frequency rate and TRI frequency rate per million employee hours worked were 0.37 and 1.10, respectively. • Production and Sales •
Slide 15: Appendix A - Q4 and FY 2020 Operational and Financial Performance
APPENDIX A - Q4 AND FY 2020 OPERATIONAL AND FINANCIAL PERFORMANCE Three months ended December 31 Year ended December 31 Asanko Gold Mine (100% basis) 2020 2019 2020 2019 Ore mined (‘000t) 1,964 1,405 6,193 5,071 Waste mined (‘000t) 11,773 4,956 38,272 25,719 Total mined (‘000t) 13,737 6,361 44,465 3
Slide 16: Appendix B - Footnotes
APPENDIX B - FOOTNOTES Note 1: Guidance projections used in this document (“Guidance”) are considered “forward-looking statements” and represent management’s good faith estimates or expectations of future production results as of the date hereof. Guidance is based upon certain assumptions, including
Slide 17: Appendix B – Footnotes Cont'd
APPENDIX B – FOOTNOTES CONT’D Three months ended(1) (in thousands of US dollars except per ounce amounts) Dec.31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, Mar. 31, 2020 2020 2020 2020 2019 2019 2019 2019 Total cash costs 54,128 67,133 49,536 45,859 57,044 54,920 48,042 50,386 General
Slide 18: Appendix C - Cautionary Note
APPENDIX C - CAUTIONARY NOTE Cautionary Note to United States Investors Regarding Mineral Reporting Standards: As a British Columbia corporation and a "reporting issuer" under Canadian securities laws, the Company is required to provide disclosure regarding its mineral properties, including the AGM,
Slide 19: Contact Us
CONTACT US Peter Lekich VP, Investor Relations N. American Toll-Free: 1-855-246-7341 Email: info@galianogold.com 19 19