Quarterly ResultMay 14, 2026, 06:08 AM
Galiano Gold Q1 Net Income $36.86M; Revenue +117%; Basic EPS $0.13
AI Summary
Galiano Gold Inc. reported a significant financial turnaround in Q1 2026, achieving a net income of $36.86 million, a substantial improvement from a net loss in Q1 2025. Revenue surged by 117% to $166.52 million, driven by a 68% increase in gold production to 34,747 ounces and a record average gold price of $4,857 per ounce. The company also generated strong cash flow from operating activities, which increased by 80% to $46.69 million, though its FY 2026 AISC guidance was revised upwards.
Key Highlights
- Net income for Q1 2026 was $36,860k, a significant turnaround from a $29,392k loss in Q1 2025.
- Basic EPS was $0.13 in Q1 2026, compared to a loss of $0.10 in Q1 2025.
- Revenue increased 117% to $166,524k in Q1 2026 from $76,590k in Q1 2025.
- Cash provided by operating activities rose 80% to $46,689k in Q1 2026.
- Gold production increased 68% to 34,747 ounces in Q1 2026.
- All-in sustaining costs (AISC) were $2,361/oz, a 6% decrease from Q1 2025.
- Adjusted EBITDA was $93.4 million in Q1 2026, up 364% from Q1 2025.
- FY 2026 AISC guidance revised to $2,300/oz-$2,600/oz (previously $2,000/oz-$2,300/oz).