Galiano Gold, Inc. · TSX:GAU
Galiano Gold — Q2 2026 Earnings Presentation
17 slides from Galiano Gold's earnings presentation, Aug 7, 2026
Slide 1: Q2 2026 Financial and Operating Results
Q2 2026 FINANCIAL AND OPERATING RESULTS Delivering on Our Plan Advancing Long-Term Growth August 7, 2026 TSX: GAU | NYSE American: GAU
Slide 2: Forward Looking Information & Cautionary Statements
FORWARD LOOKING INFORMATION CAUTIONARY STATEMENTS FORWARD LOOKING INFORMATION & CAUTIONARY STATEMENTS Certain statements and information contained in this presentation constitute “forward- Some of the risks and other factors which could cause actual results to differ materially from fluctuations; th
Slide 3: Executive Management
EXECUTIVE MANAGEMENT EXECUTIVE MANAGEMENT Matt Badylak Matt Freeman President & Chief Executive Officer Chief Financial Officer Michael Cardinaels Chris Pettman Chief Operating Officer Vice President Exploration 3 TSX: GAU • NYSE American: GAU
Slide 4: On Track to Achieve 2026 Guidance
ONTRACK TO ACHIEVE 2026 GUIDANCE ON TRACK TO ACHIEVE 2026 GUIDANCE Executing our plan while advancing long-term growth. GOLD PRODUCED (Koz) Operational Execution Strong Financial Position Advancing Future Growth Q1 2026 • 34.4 koz produced; 69.1 • $105.9M cash balance1. • Nkran Cut 3 pre-stripping 3
Slide 5: Mining Execution Support Full-Year Guidance
MINING EXECUTIONSUPPORT FULL-YEAR GUIDANCE MINING EXECUTION SUPPORT FULL-YEAR GUIDANCE 1.8 Mt 0.9 g/t 15 MONTHS MINING EXECUTION ORE MINED ORE GRADE LTI FREE • 1.8 Mt ore mined at 0.9 g/t. MAINTAINED • Mining remained in line with the 2026 mine In line with mine plan SAFETY plan, supporting full-yea
Slide 6: Processing Performance Supports 2026 Production Guidance
PROCESSING PERFORMANCE SUPPORTS 2026 PRODUCTION GUIDANCE 34.4 Koz 34.4 Koz 90% 1.3 Mt GOLD PRODUCED RECOVERY TONNES MILLED Q2 gold produced Q2 recovery Q2 tonnes milled Above Analyst Above Analyst In Line with Analyst Consensus Consensus Consensus PROCESSING PERFORMANCE DRIVERS On Track to Achieve 2
Slide 7: Q2 2026 Financial Performance
Q2 2026 FINANCIAL PERFORMANCE $156.6M $156.6M $31.9M1 $180.9M $78.5M3 $0.09/sh. REVENUE OPERATING LIQUIDITY ADJUSTED EBITDA ADJUSTED EPS Robust gold sales CASH FLOW Debt-free balance sheet Strong operating margins Solid quarterly profitability Strong cash Above Analyst In Line with generation Consen
Slide 8: Disciplined Cost Management Supports Delivery
DISCIPLINED COST MANAGEMENT SUPPORTS DELIVERY $2,473/oz $2,473/oz AISC WITHIN GUIDANCE¹ Q2 AISC¹ Despite Higher Diesel Prices Within Guidance $2,600/oz $2,300/oz $2,300–2,600/oz $2,418/oz 2026 AISC GUIDANCE YTD AISC Guidance Full-Year Outlook Unchanged Guidance Upper End Lower End Below Analyst Cons
Slide 9: Exploration – A Quarter of Execution
EXPLORATION– A QUARTER OF EXECUTION EXPLORATION – A QUARTER OF EXECUTION Q2 2026 Priorities Esaase Reserve Growth Abore underground Resource Abore Exploration Adit growth Resource conversion drilling well Permitting and Planning advanced with 13,748m Infill and step out drilling to grow continue to
Slide 10: Multiple Near-Term Catalysts Support Long-Term Value Creation
MULTIPLE NEAR–TERM CATALYSTS SUPPORT LONG-TERM VALUE CREATION MULTIPLE NEAR–TERM CATALYSTS SUPPORT LONG-TERM VALUE CREATION 2026–2027 CATALYSTS 2026 2027 and Beyond Organic Production Growth Production Expected to Step Up Cash Flow Inflection Nkran Cut 3 Reserve Growth & Abore UG Deliver 140–160 koz
Slide 11: Thank You!!!
THANK YOU!!! THANK YOU!!! August 7, 2026 TSX: GAU | NYSE American: GAU
Slide 12: Appendix
APPENDIX APPENDIX
Slide 13: Non–IFRS Measures
NON– IFRS MEASURES NON – IFRS 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. Accordingly, these
Slide 14: AGM Mineral Reserve Estimate as of December 31, 2025
AGM MINERAL RESERVE ESTIMATE AS OF DECEMBER 31, 2025 AGM MINERAL RESERVE ESTIMATE AS OF DECEMBER 31, 2025 Proven Probable Total Proven and Probable Deposit Au Content Au Content Au Content Tonnes (Mt) Au Grade (g/t) Tonnes (Mt) Au Grade (g/t) Tonnes (Mt) Au Grade (g/t) (koz) (koz) (koz) Nkran - - 10
Slide 15: AGM Mineral Resource Estimate as of December 31, 2025
AGM MINERAL RESOURCE ESTIMATE AS OF DECEMBER 31, 2025 AGM MINERAL RESOURCE ESTIMATE AS OF DECEMBER 31, 2025 Measured Indicated Measured + Indicated Inferred Deposit Au Au Au Au Tonnes (Mt) Grade (g/t) Contained Tonnes (Mt) Grade (g/t) Contained Tonnes (Mt) Grade (g/t) Contained Tonnes (Mt) Grade (g/
Slide 16: AGM Mineral Resource Estimate as of December 31, 2025
AGM MINERAL RESOURCE ESTIMATE AS OF DECEMBER 31, 2025 AGM MINERAL RESOURCE ESTIMATE AS OF DECEMBER 31, 2025 Mineral Resource Notes: 1. Mr. Eric Chen, P.Geo., Former Vice President Mineral Resources for Galiano oz and using a cut-off grade of 0.35 g/t gold. Mineral Resources of Miradani North are Gol
Slide 17: Tax
TAX TAX GHANA CORPORATE TAX REGIME Corporate Income Tax Indirect Tax Free-Carried Interest • Rate 35% for mining (general rate 25%). • VAT – 20% (recoverable in most cases • Government of Ghana 10% equity • Capital expenditure amortized over 5 but not all). interest after all intercompany loans year