Galiano Gold Lowers 2025 Output Forecast After Incident at Ghana Mine

Galiano Gold has lowered its 2025 production forecast for the Asanko Gold Mine in Ghana after an operational disruption in September impacted its output plans. The Canadian mining company now expects annual production between 120,000 and 125,000 ounces of gold, down from its previous estimate of 130,000 to 150,000 ounces. The adjustment was revealed in the firm’s third-quarter 2025 financial results released on 6 November, reflecting the ongoing consequences of a local disturbance that temporarily halted mining activities.

The incident, which involved a confrontation between nearby communities and military personnel stationed close to one of Asanko’s major deposits, led to an unexpected suspension of operations. According to CEO Matt Badylak, the interruption caused a prolonged period of lower ore grades being processed, ultimately reducing the mine’s production efficiency. Despite the setback, Galiano demonstrated operational resilience, producing 32,533 ounces of gold during the July to September quarter, a notable improvement compared to previous periods.

Financially, the company’s performance remained robust. Gold sales in the third quarter of 2025 reached US$114 million, representing a 60.5 percent increase compared to the same period in 2024. For the first nine months of the year, Galiano recorded total production of 83,617 ounces and revenue of US$288 million, up by 73 percent year-over-year. These figures underscore the company’s capacity to maintain profitability and sales momentum even amid short-term disruptions. Management reaffirmed its focus on addressing community concerns, improving local relations, and ensuring operational stability to support long-term sustainability at the Ghanaian mine.

While the short-term production outlook has weakened, Galiano Gold’s rising sales, increasing quarterly output, and active engagement with local stakeholders suggest a measured path toward recovery. The company’s continued investment in community relations and operational efficiency could strengthen its standing within Ghana’s mining sector, which remains a cornerstone of the country’s economy. Moreover, this episode highlights the growing importance of social governance and stakeholder cooperation in ensuring uninterrupted mining operations across West Africa.

Mini-Glossary

• Ore grades: The concentration of valuable minerals within the mined rock, determining how much metal can be extracted.
• Operational disruption: A temporary halt or slowdown in mining activities due to technical, environmental, or social issues.
• Stakeholder cooperation: Collaboration between a company and affected parties such as local communities, government agencies, and investors.
• Revenue growth: The increase in total sales over a given period, indicating financial performance.
• Sustainability: The practice of operating in a way that balances economic, environmental, and social factors.