Galiano Gold, Inc. · TSX:GAU
Galiano Gold — BMO Global Metals, Mining & Critical Minerals Conference 2024
21 slides from Galiano Gold's conference presentation, February 2024
Slide 1: BMO Global Metals, Mining & Critical Minerals 2024
BMO Global Metals, Mining & Critical February 2024 Minerals 2024
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
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. Accordingl
Slide 4: Galiano at a Glance
Galiano at a Glance TSX & NYSE American Ticker: GAU Market Cap ~$226M² Ghana – Premier African Significant Size & Scale Jurisdiction Producing Since 2016 Production ~240 kozs/yr¹ JV Ownership Structure Shares Outstanding 45% Galiano (Operator) 225.0M 45% Gold Fields 10% Government of Ghana No Debt &
Slide 5: A Transformational Transaction
A Transformational Transaction Acquiring JV partners 45% interest in the AGM Creates Relevant Scale Moving towards mid-tier producer Attractive Transaction Structure Highly Accretive to Key Metrics Robust Financial Position Compelling Value Proposition Focused Vision at the Asanko Gold Mine Unique H
Slide 6: Galiano Becomes A Leading Gold Producer in Ghana
Galiano Becomes A Leading Gold Producer in Ghana Immediately Doubles Galiano’s Cash Flow, Production, Reserves & Resources in a Premier African Gold Mining Jurisdiction Galiano owns one of the largest gold mines in West Africa with LOM average annual production of ~240 koz Au² Pro Forma Ownership Ga
Slide 7: High Growth Production Profile Further Establishes Relevant Scale
High Growth Production Profile Further Establishes Relevant Scale Fully Funded, Immediate Organic, Low-Cost Growth¹ to Drive Decreasing AISC and Generate Significant Margins ANNUAL PRODUCTION (koz 2023E) AISC (US$/oz Au 2023E) 450 $2,500 Significant reduction in AISC 400 LOM average resulting from c
Slide 8: Attractive Transaction Structure Provides Flexibility
Attractive Transaction Structure Provides Flexibility Minimal Dilution + Attractive Acquisition Multiples Drive Highly Accretive Transaction • 28.5M in Galiano shares Share Consideration • Minimal equity dilution of ≈10%; GFI to 19.9% • GFI remains a significant supportive shareholder through increa
Slide 9: Robust Financial Strength
Robust Financial Strength Fully Funded AGM With No Debt and Pro Forma Cash of US$129M1 Pro Forma Cash Position (US$M)¹ ¹ As at December 31, 2023 (audited) 9
Slide 10: Compelling Value Proposition
Compelling Value Proposition Re-rate Opportunity for the Galiano Shareholders Combined with Enhanced Gold Price Leverage P/NAV 1.0 0.8 0.6 Avg = 0.54x 0.4 0.2 0.0 Karora Aris Orezone Allied Gold Mandalay African K92 Calibre Perseus Galiano Caledonia Orla Centamin Endeavour Asante Resolute Fortuna We
Slide 11: What Galiano Will Do Differently…
What Galiano Will Do Differently… All Value-Add Decisions to Benefit Galiano Shareholders • Convert Resources to Reserves and grow mine life • Greater flexibility to deliver a value maximized mine plan • Optimized resequencing • Exploring alternative pit sequencing to enhance near term cash flows •
Slide 12: LOM Plan Highlights – Fully Funded Mine Sequence
LOM Plan Highlights³ – Fully Funded Mine Sequence Total Au oz Gold Produced (koz) Life of Mine produced 300 2,500 8.5 years 1.85 Moz Au 250 262 275 2,000 254 LOM Avg AISC1,4 After-tax NPV 243 246 244 5% @ $1,700 Au 200 1,581 1,500 $1,063/oz $343M 1,186 1,136 150 1,074 1,103 884 1,000 Steady state Av
Slide 13: Technical Report Demonstrated High Leverage to Gold Price
Technical Report Demonstrated High Leverage to Gold Price Sensitivity - Post-tax NPV 5%* Spot Gold Price $700 $630 $580 $600 $530 $490 $500 $440 NPV 5% ($M USD) $390 $400 $343 $300 2023 Technical Report $300 ($1,700/oz Au) $200 $100 $0 $1,600 $1,650 $1,700 $1,750 $1,800 $1,850 $1,900 $1,950 $2,000 $
Slide 14: Full Year 2023 AGM Actuals (100% basis)
Full Year 2023 AGM Actuals (100% basis) Gold Production Avg. Realized Gold Price 134,077 oz $1,908/oz Au AISC Revenue $1,522/oz Au(1) $256 M Total Cash Costs CF From Operating Activities $1,148/oz Au (1) $100.7 M Adjusted EBITDA Net Income $82.9 M(1) $69.9 M Generated FCF Ending Cash Balance $48 M(1
Slide 15: Continued Aggressive Drilling & Exploration Programs Underway
Continued Aggressive Drilling & Exploration Programs Underway Highlights of $15M Near Mine & Regional 2023 Exploration Program Early results returned strong intercepts outside the current mineral reserve pit shell Drilling confirmed zones of strong Encouraging first drilling results mineralization a
Slide 16: Technical Team, Delivering on Guidance
Technical Team, Delivering on Guidance Building a Mid-Tier Gold Mining Company 2023 2024 Delivered on production & cost guidance Delivered new LOM plan Q1 Awarded mining contract Q2 Restart mining Q4 Consolidate JV structure Q4 Nkran Cut 3 vs UG Trade off Study Expected Q1 Abore Mill Feed Expected m
Slide 17: Building a Responsible Business
Building a Responsible Business ENVIRONMENT GOVERNANCE Limiting environmental impact to Maintaining sound corporate our concessions governance and ethical business BEST PRACTICES SOCIAL Implement best practices in Engaging with local communities sustainability to create self-sustaining legacies 17
Slide 18: The Transformed Galiano: A Unique High-Growth Gold Producer
The Transformed Galiano: A Unique High-Growth Gold Producer • Doubles production, cash flow and Reserves & Resources • Global scale mine in a top-tier mining jurisdiction • Consolidation of the AGM will streamline management and operations and enable a single, cohesive vision to drive operational op
Slide 19: BMO Global Metals, Mining & Critical Minerals 2024
BMO Global Metals, Mining & Critical Minerals 2024 Contact N. American Toll-Free: 1-855-246-7341 Email: info@galianogold.com February 2024 © Copyright 2024 Galiano Gold. All rights reserved.
Slide 20: Mineral Reserves – 100% Galiano (per 2023 Technical Report)
Mineral Reserves – 100% Galiano (per 2023 Technical Report) Abore Miradani North Nkran Esaase Start Date: Q1 Start Date: Q4 Start Date: Q2 Start Date: Q2 2024 (Oxide); Q4 2023 2024 2025 2026 (Full Deposit) Reserves: 8.2 Mt Reserves: 6.8 Mt Reserves: 9.9 Mt Reserves: 13.6 Mt @ 1.27 g/
Slide 21: Executive Leadership
Experienced Leadership Team Matt Badylak Matt Freeman Todd Romaine Markus Felderer Krista Muhr Eric Chen Richard Miller Chris Pettman Executive Leadership President & CEO and Chief Financial SVP Corporate SVP Investor VP Technical EVP Sustainability VP Mineral Resources VP Exploration Director Offic
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