GALIANO GOLD ANNOUNCES BUYOUT OF OFFTAKE AGREEMENT [Globe and Mail, The (Toronto, Canada)]
Galiano Gold Inc. (GAU)
Company Research
Source: Globe and Mail, The
has terminated its gold purchase and sale agreement (the "Agreement") with Red Kite Opportunities Master Fund Limited ("Red Kite") for total cash consideration of US$13 million . Under the Agreement, the Company had been required to sell 100% of gold production from the Asanko Gold Mine (the "AGM"), up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite during a nine-day quotational period following shipment of gold from the AGM. At the time of termination, the AGM had delivered 1,706,407 gold ounces to Red Kite under the Agreement. Over the past two years, during a period of elevated gold prices and volatility, the differential between the AGM's realized gold price under the Agreement and the spot price of gold on the gold delivery date, has resulted in a discount of approximately 2%. "With the Company's strong, debt-free balance sheet, we are pleased to have the financial flexibility to terminate this legacy offtake agreement as part of our prudent capital a
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News
- GALIANO GOLD ANNOUNCES BUYOUT OF OFFTAKE AGREEMENT [Yahoo! Finance]Yahoo! Finance
- GALIANO GOLD ANNOUNCES BUYOUT OF OFFTAKE AGREEMENTPR Newswire
- GALIANO GOLD CONTINUES TO STRENGTHEN BOARD OF DIRECTORSPR Newswire
- While shareholders of Galiano Gold (TSE:GAU) are in the black over 1 year, those who bought a week ago aren't so fortunate [Yahoo! Finance]Yahoo! Finance
- Galiano Gold Inc (GAU) Q3 2024 Earnings Call Highlights: Strong Gold Production and Financial ... [Yahoo! Finance]Yahoo! Finance
GAU
Earnings
- 11/7/24 - Beat
GAU
Analyst Actions
- 11/19/24 - EIGHT CAPITAL
GAU
Sec Filings
- 12/5/24 - Form 6-K
- 11/29/24 - Form 6-K
- 11/14/24 - Form SC
- GAU's page on the SEC website