Value Market Research’s Post

Big update on the Asanko Gold Mine.

**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

Newmont Corporation is drawing interest from multiple potential bidders for its Akyem gold mine in Ghana, one of several non-core assets it plans to divest following its acquisition of Newcrest Mining. The latest interested party is Asante Gold, a Vancouver-headquartered miner that has support from Ghana's government to bid on Akyem. Ghana's president has called for local ownership of Akyem, saying the government wants to ensure its mineral resources "better benefit the Ghanaian people." That makes Asante, which is 43% owned Ghanaian investors -- including two sovereign wealth funds -- a logical party to receive the country's backing. The sale has also drawn interest from several Chinese Bidders, including Shandong Gold Mining Co., Ltd. and Zijin Mining Group. Story in Bloomberg News: https://lnkd.in/dhvze4PX

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

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

Today we announced our Full Year results, delivering on production guidance for the third consecutive year and beating our AISC guidance   👷 9.5 million hours worked at the #Sukari Gold Mine, with zero lost time injuries ☀ Scope 1 and 2 GHG emissions reduced by 7% since 2021 base year 🎯 Over 450koz of #gold produced, delivered in line with 2023 guidance ✅ AISC of US$1,205/oz sold, a 14% improvement on 2022 📈 EBITDA increased by 25% to US $398 million 💵 Group free cash flow of US $49 million, up 388% on 2022 ⭐ 2024 gold production range guidance of 470- 500koz 💰 Final dividend of 2.0 US cents per share, equating to US$23 million.   Martin Horgan, CEO commented: “As we look ahead to 2024 the grid connection project will continue our recent success in taking costs out of the business and will deliver into our decarbonisation targets. We will also continue to advance the organic growth opportunities within our portfolio of assets by aggressively following up on the recent exploration success at EDX, and advancing toward an investment decision at Doropo in Cote d’Ivoire following the publication of the DFS later this year.”   Read the full press release here: https://lnkd.in/eax2xurC   #Gold #Mining #Egypt #CoteDIvoire #Growth #Teamwork

GALIANO GOLD REPORTS 2024 GUIDANCE, PRELIMINARY Q1 OPERATING RESULTS AND A 38% INCREASE IN ABORE M&I MINERAL RESOURCES In case you missed it, earlier this week we provided 2024 operating and cost guidance, preliminary first quarter operational results, and an update on the improved Abore Mineral Resource at the Company’s Asanko Gold Mine (the “AGM”), located in Ghana, West Africa. Here are the key highlights: ✅ AGM produced 30,386 gold ounces in Q1 ✅ Expected growth capital of $20M, primarily for plant upgrades ✅ Continued exploration focus on generative & near-mine activities ✅ 38% increase to Abore M&I Mineral Resource Estimate Read the full release: https://bit.ly/4biJWld NYSE: GAU | TSX: GAU #galianogold #gold #goldmining #mining #prospecting #mineralexploration #minerals #metals #miningsector #investing #goldstocks #nyse #tsx

📊 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

[Reshare] 𝐌𝐢𝐧𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 | 𝐁𝐮𝐫𝐤𝐢𝐧𝐚 𝐅𝐚𝐬𝐨 🇧🇫 We have received firm commitments from institutional and sophisticated investors for a placement of ~109.5 million new fully paid ordinary shares at an issue price of A$1.37 per share to raise ~A$150m (before costs). There was strong support from both domestic and offshore institutions for the Placement. Our Executive Chairman and CEO Richard Hyde commented: "West African continues to make significant progress towards development of the Kiaka Gold Project with development 50% complete and 75% of capital costs fixed. "Proceeds from the placement are expected to provide West African with proforma cash at bank and unsold bullion proceeds of A$604m, positioning West African to continue to rapidly progress the development of the Kiaka Gold Project. West African is currently on schedule to be a +420,000 ozpa gold producer from 2025." Source : West African Resources #FocusMines #Mines #Insights #BurkinaFaso #Mining #MiningNews