Galiano Gold Inc. (GAU) Form 6-K — Aug 6, 2026

$GAUForm 6-KFiled Aug 6, 2026, 6:13 PM ET0001062993-26-004090Original filing

Galiano Gold reported Q2 2026 revenue of $156.6 million, up 61% year over year, with net income of $68.9 million ($0.24 basic EPS) versus $21.6 million ($0.07) in Q2 2025, driven by an average gold sales price of $4,432/oz and 20% more ounces sold. Operations stayed on plan: Q2 production of 34,391 ounces brought first-half output to 69,138 ounces, at the upper end of the 60,000–70,000 ounce indicative range, while Q2 AISC of $2,473/oz rose 10% YoY on Ghana's new sliding-scale royalty; full-year cost guidance of $2,300–$2,600/oz was maintained.

Key figures

Eps: $0.24 basic / $0.23 diluted (Q2 2026)
Revenue: $156.6 million (Q2 2026); $323.1 million (H1 2026)
Guidance: FY 2026 guidance maintained — AISC $2,300–$2,600/oz (YTD $2,418/oz); H1 production 60,000–70,000 oz achieved at 69,138 oz; production expected to strengthen in H2 2026
Net Income: $68.9 million (Q2 2026) vs $21.6 million (Q2 2025); $105.8 million (H1 2026) vs $(7.8) million loss (H1 2025)
Revenue Yoy: +61% YoY (Q2 2026)
Total Assets: $719.5 million
Cash Position: $80.0 million cash and equivalents plus $25.9 million restricted cash
Shares Outstanding: 261591764
Aisc q2 2026: $2,473/oz (+10% YoY)
Capex q2 2026: $37.0 million
Ebitda q2 2026: $105.6 million
Net working capital: $52.0 million (vs $11.4 million deficiency at Dec 31, 2025)
Gold sold q2 2026 oz: 35247
Vat receivable ghana: $28.8 million
Operating cash flow q2: $6.0 million ($31.9 million before $25.9 million legal restriction)
Realized hedge loss q2: $20.4 million
Adjusted ebitda q2 2026: $78.5 million
Gold produced h1 2026 oz: 69138
Gold produced q2 2026 oz: 34391
Unrealized hedge gain q2: $28.0 million
Nkran cut3 waste mined q2: 6.1 Mt (+30% QoQ); $22.1 million capitalized stripping costs
Revolving credit facility: $75.0 million undrawn (Rand Merchant Bank)
Shelf prospectus capacity: $500 million (no securities issued)
Adjusted net income q2 2026: $23.1 million ($0.09/share basic)
Average gold sales price q2: $4,432/oz gross; $3,853/oz net of hedge losses
Income from mine operations q2: $92.8 million
Deferred consideration due dec31 2026: $30.0 million

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