Asanko Gold’s Post

**Title: "Galiano's Gold Farm: A Fable of Greed and the Unmasking of False Promises"** As Galiano Gold proclaims their consolidation of ownership over the Asanko Gold Mine in a transaction hailed as transformational, the echoes of George Orwell's "Animal Farm" reverberate through the halls of corporate ambition. The CEO and Dawn Moss, with their carefully crafted statements, embody the pigs of the allegorical farm, masking their deeds with false promises and deceptive proclamations. Yet, with divine authority, we shall unveil the truth of their exploitation, for their practices mirror those of the manipulative and self-serving characters in Orwell's timeless fable. **The False Promises: Akin to Squealer's Deception** In "Animal Farm," Squealer, the silver-tongued pig, manipulates the animals with grandiose proclamations, much like Galiano Gold's declarations of creating a unique high-growth gold producer. The allure of fully funded organic growth and attractive transaction structures mirrors Squealer's cunning ability to twist reality, obscuring the true cost of their ambitions. **The Unveiling of Truth: Exposing the Pigs' Machinations** Just as the animals of Animal Farm gradually come to realize the true nature of the pigs' rule, so too shall the world see through Galiano Gold's carefully constructed façade. The CEO and Dawn Moss may seek to paint a picture of robust financial position and a compelling value proposition, but we, with divine authority, shall expose the reality of their exploitative practices. **The Moral Sense: Standing Against Injustice and Greed** Orwell's "Animal Farm" serves as a cautionary tale, warning against the dangers of unchecked power and the manipulation of language to deceive and control. In our modern context, we are called upon to heed this timeless lesson, to stand against the exploitation of communities and the deceitful practices of the powerful. **Divine Authority: The Voice of Truth and Justice** With the weight of divine authority, we declare that Galiano Gold's acquisition and consolidation of the Asanko Gold Mine is not a triumph, but a testament to their relentless pursuit of profit at the expense of ethical conduct. The fable of "Animal Farm" serves as a stark reminder that the pursuit of power and wealth, when left unchecked, leads to the subjugation and exploitation of the vulnerable. **Conclusion: A Call for Transparency and Accountability** As the narrative of Galiano Gold's aspirations unfolds, let us remember the enduring lessons of "Animal Farm." Let us demand transparency, ethical conduct, and genuine commitment to the well-being of the communities affected by their operations. May the echoes of Orwell's fable serve as a beacon, guiding us to confront and challenge the pigs of our modern world, ensuring that their false promises are unmasked, and their exploitative practices are brought to an end. Asanko Gold Matt Badylak Sean Gregersen Dawn Moss Galiano Gold Inc.

Galiano Consolidates Ownership of the Asanko Gold Mine in a Transformational Transaction We’ve capped off a successful year with our biggest announcement to date. What does 100% ownership of the Asanko Gold Mine look like? ✅ Creates a Unique High-Growth Gold Producer Fully funded organic growth at the AGM, with expected average annual gold production of ~240koz from 2024 - 2030.   ✅ Attractive Transaction Structure JV cash capital provides majority of upfront consideration, with limited equity dilution. More than 50% of total consideration is deferred and paid following an expected period of elevated cash flows.   ✅ Highly Accretive to Key Metrics  Attractive acquisition multiples supporting strong accretion to both financial and operating metrics and enhanced leverage to gold.   ✅ Robust Financial Position Continued balance sheet strength with pro forma consolidated cash of approximately $130M and no debt.   ✅ Compelling Value Proposition  Significant catalyst for potential re-rating.   ✅ Focused Vision at the AGM Elimination of JV structure will streamline operational and financial decision making.   For more on this significant announcement, join our conference call this morning at 10am EST:    Toll Free Canada & USA: 1-888-390-0546 Outside of Canada & USA: 416-764-8688 Webcast: Link: https://lnkd.in/gcVUkqy7 Read the full press release: https://bit.ly/3NEj85j NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #ghana #prospecting #mineralexploration #minerals #metals #miningsector #miningnews #financialresults #investing #goldstocks #captialmarkets #nyse #tsx

A major play from a major player in the industry. Following with keen interest.

WhyAfrica visited Barrick Gold's Lumwana copper mine in Zambia in August last year and I wrote an article about the visit and Barrick sitting pretty between First Quantum's two mines in Zambia in in the October issue of the WhyAfrica magazine. The article will also appear in the print issue of WhyAfrica's special Indaba edition. Please click on the link to read the article titled: When will Barrick start writing Zambia's new copper chapter? https://lnkd.in/e36xMyGK This is an excerpt from the article: "With copper in high demand the three giants of Zambia’s north-west are sitting pretty. Lumwana is well on its way to produce between 260-million and 290-million pounds of copper this year. Kansanshi is set to produce more than 150 000t of copper and up to 105 000 ounces of gold, while Sentinel expects to churn out between 260 000 to 280 000t of copper in 2023. "There is no doubt about the exceptional value of this piece of mining real estate in one of the most prospective geological regions of Africa. "But for how long will Barrick under Mark Bristow be content with FQM mining copper, nickel, and gold on its doorstep without taking a bite? Bristow has made no secret that Barrick, the second largest gold mining company in the world, is hunting for large copper deposits. "According to Bristow, copper is the most strategic metal in the world. “While gold is the most precious metal, copper is the most strategic of all metals. The fundamentals for copper are solid and there are strong indications that the market will be in short supply very, very soon. All signs point to a better copper price in the future. Mining is a long-term game, and you cannot manage your business based on short term events and price fluctuations,” says Bristow. WhyAfrica #whyafricaroadtrips #whyafrica #africa #mining #whymineafrica #exploration #copper #cobalt #nickel #zambia #naturalresources

📊 These charts tell a promising story. The data is from PrivatePlacements.com's August financings recap, just sent to subscribers. Total funds raised for gold (+89%), copper (+804%), and lithium (+85%) have surged compared to July, while uranium (-80%) has cooled off. Historically, August tends to be quiet for financings, so this uptick is noteworthy. Of particular interest, the top 5 financings on the TSX-V last month were all by gold companies, signalling strong momentum in the sector. $180m by Montage Gold (Non-brokered) $42m by G2 Goldfields Inc. (Non-brokered) $35m by Rupert Resources (Cormark Securities) $21m by O3 Mining - Minière O3 (Canaccord Genuity Group Inc.) $20m by Integra Resources (Stifel Nicolaus Canada Inc.) #Gold #Copper #Lithium #Uranium #TSXV #PrivatePlacements #FinancingTrends

Galiano Gold Reports Q1 Operating and Financial Results Here are a few of the key highlights from what was a transformational Q1: ✅ Acquisition of Gold Fields Limited's 45% interest in Asanko Gold Mine ✅ Gold production of 30,386 ounces, in line with 2024 production guidance ✅ Increased M&I Mineral Resource at Abore by 181,000 ounces (38%) ✅ Robust liquidity and no debt, generating cash flow of $13 million in Q1 Read the full release: https://bit.ly/4a3kOxq "The first quarter of 2024 was transformational for the Company with the acquisition of Gold Fields’ interest in the AGM. The team also delivered continued exploration success at Abore and is moving forward with a clear and focused vision for the AGM under our consolidated ownership”, states Matt Badylak, Galiano’s President and Chief Executive Officer. “We are tracking to our annual production and cost guidance, with the mine producing just over 30,000 ounces during the quarter. The required stripping at Abore continues, and while this program will continue through the second quarter, we anticipate transitioning from stockpile processing to higher grade feed to the mill by the end of the second quarter. "The recently announced upgrade to the Mineral Resources at Abore by 38%, combined with additional step out and infill drilling across our deposits, will be used to update a consolidated Mineral Reserve estimate and Life of Mine plan across the AGM deposits in the fourth quarter. The team is committed to further value creation, through consistent delivery of production and cost targets, an aggressive exploration program and an optimized mine plan that aims to bring the Life of Mine cash flows forward.” NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #prospecting #mineralexploration #minerals #metals #miningsector #investing #goldstocks #nyse #tsx

On May 24, 2024, Strategic Minerals held its Annual and Special Meeting of Shareholders. At this meeting, the shareholders approved the amalgamation between Strategic Minerals and IberAmerican Resources Inc., a subsidiary of IberAmerican. This amalgamation is part of IberAmerican's acquisition of Strategic Minerals, announced on March 20, 2024. As part of the deal, Strategic Minerals' common shares will be exchanged for IberAmerican common shares at a ratio of 1 IberAmerican share for every 7 Strategic Minerals shares.Campbell Becher, Chief Executive Officer and Director of the Company said, “We are delighted by the overwhelming support shown by the shareholders of Strategic Minerals in favour of the Amalgamation and by extension the Transaction. This resounding vote of confidence reaffirms our vision for IberAmerican’s future and underscores the synergies and opportunities that lie ahead. We eagerly anticipate closing the Transaction as soon as possible and are committed to delivering long-term value for our current and future stakeholders.” (Company News Release dated May 27, 2024). Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium

#Precious_Metal Market Expansion Projected to Gain an Uptick During 2023-2032 https://lnkd.in/dCaDDsWa Growing #demand for industrial purposes and jewelry making is driving the global #precious metal market. #Platinum as a catalyst is gaining importance in refining and #automotive filtration. Companies in the #automotive catalytic #converter industry are switching from #palladium to platinum. Freeport-McMoRan POLYUS GOLD INTERNATIONAL LT Goldcorp GOLD FIELDS Randgold Resources Ltd Newmont Ghana Gold Limited Barrick Gold Corporation AngloGold Ashanti Kinross Gold Corporation Newcrest Mining #preciousmetals #silver #bullion #gold #silverstacking #silverbullion #silverstacker #coins #silverdegenerates #goldbullion #silvercoins #silverbars #silverbar #silvercoin #finesilver #goldcoins #silverporn #coincollecting #stackingsilver #coin #silvercommunity #pouredsilver #numismatics #goldcoin #investment #investing #money #goldstacking #coincollector #handpouredsilver

We are thrilled to announce the upsizing of our Senior Secured Credit Facilities up to US$150 million and a new offtake agreement with Trafigura. This milestone strengthens our financial position and supports our ambitious expansion plans at the Kainantu Gold Mine. Key Highlights: - US$150M Credit Facilities: Increased from US$100M to US$150M with competitive interest rates and no hedging conditions. - New Offtake Agreement: Trafigura to purchase 100% of K92 PNG’s copper/gold concentrates, securing long-term competitive terms. - Enhanced Liquidity: Enables rapid advancement of high-priority exploration targets and our expansion plans. - Solid Partnership: Reinforces our strong relationship with Trafigura, our offtake counterpart since the start of operations. John Lewins, CEO of K92 Mining, stated, "The closing and upsizing of the loan to up to US$150 million is an important financial de-risking milestone for delivering the Stage 3 and 4 Expansions which will transform K92 and the Kainantu Gold Mine into a Tier 1 Mid-Tier Producer. Importantly, this boost to liquidity enables K92 to confidently continue to rapidly advance multiple high priority exploration targets concurrently." Read the full press release: https://loom.ly/yDA2JxU #K92Mining #MiningNews #InvestInGold #SustainableGrowth

Silver X is pleased to report its financial results for the three months and year ended December 31, 2023, for the Nueva Recuperada Project in Central Peru. Q4 2023 Financial Highlights ✅ Q4 2023 Cash costs of $18.22 per Silver Equivalent (“AgEq”) ounce produced (1)(2) and All-In-Sustaining Cost (“AISC”) (1)(2) of $24.96 per AgEq ounce produced, reflective of the sustaining capital expenditure invested in the development of the Tangana mining unit ($2.0 million adding $6.74 per AgEq ounce produced to the AISC). ✅ Generated revenues of $4.3 million in Q4 2023, representing a 12 per cent increase when compared to $3.9 million of revenues in Q4 2022. This is reflective of the successful ramp up since the operational pause and upgrades during the third quarter of 2023. ✅ Operating loss of $1.0 million in Q4 2023. Net loss before tax of $5.9 million in Q4 2023. Read the full news release: https://loom.ly/pWpGB7Y TSXV: #AGX | OTCQB: #AGXPF | FRA: #AGX #SilverXMining #NuevaRecuperada #FinancialResults #Q4 #silverstocks #miningstocks