GAU on NYSE
Galiano Gold Inc.
Canadian Mining and Quarrying of Nonmetallic Minerals company.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
14.7%Gross margin2
8.2%Operating margin2
-6.9%Net margin2
93.6%Revenue growth, 20252
-13.9%Return on equity2
$43.1MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$262.4M
- Selling, general and admin6¢$25.3M
- Other costs18¢$81.0M
- Interest4¢$17.8M
- Income tax14¢$61.3M
Out of $447.8M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending73¢$114.9M
- Kept or used elsewhere27¢$43.1M
Out of $158.0M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $447.8M | $231.3M |
| Realized and unrealized losses on gold hedges | -$119.3M | -$23.1M |
| Net revenue | $328.4M | $208.2M |
| Production costs | -$166.7M | -$115.8M |
| Depreciation and depletion | -$62.8M | -$23.6M |
| Royalties | -$33.0M | -$14.0M |
| Total cost of sales | -$262.4M | -$153.3M |
| Income from mine operations | $66.0M | $54.9M |
| General and administrative expenses | -$25.3M | -$20.0M |
| Exploration and evaluation expenditures | -$4.2M | -$6.1M |
| Termination of offtake agreement | $0 | -$13.1M |
| Share of net income related to joint venture | $0 | $2.4M |
| Service fee earned as operators of joint venture | $0 | $976.0K |
| Gain on derecognition of equity investment in joint venture | $0 | $1.4M |
| Income from operations and joint venture | $36.5M | $20.5M |
| Transaction costs | $0 | -$2.5M |
| Finance income | $6.1M | $5.9M |
| Finance expense | -$17.8M | -$15.2M |
| Foreign exchange gain (loss) | $5.7M | -$123.0K |
| Income before taxes | $30.5M | $8.5M |
| Current income tax expense | -$38.3M | $0 |
| Deferred income tax expense | -$23.0M | $0 |
| Net (loss) income and comprehensive (loss) income for the year | -$30.8M | $8.5M |
| Common shareholders of the Company | -$29.3M | $6.1M |
| Non-controlling interest | -$1.5M | $2.4M |
| Basic | 258.4M shares | 250.7M shares |
| Diluted | 258.4M shares | 255.8M shares |
| Basic | -$0.11 | $0.02 |
| Diluted | -$0.11 | $0.02 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $108.3M | $105.8M | $55.3M |
| Accounts receivable | $71.0K | $104.0K | |
| Inventories | $70.8M | $42.8M | |
| Value added tax receivables | $10.8M | $8.3M | |
| Prepaid expenses and other | $12.2M | $8.5M | |
| Total current assets | $202.2M | $165.6M | |
| Mineral properties, plant and equipment | $388.6M | $329.4M | |
| Other non-current assets | $8.3M | $5.3M | |
| Total non-current assets | $396.9M | $334.8M | |
| Total assets | $599.1M | $500.4M | |
| Accounts payable and accrued liabilities | $87.1M | $55.1M | |
| Income taxes payable | $4.2M | $0 | |
| Financial liabilities | $77.3M | $9.3M | |
| Lease liabilities | $16.8M | $15.9M | |
| Deferred consideration | $28.2M | $23.5M | |
| Provisions | $7.0M | $7.0M | |
| Total current liabilities | $220.6M | $110.8M | |
| Lease liabilities | $20.3M | $22.9M | |
| Deferred and contingent consideration | $26.3M | $47.8M | |
| Asset retirement provisions | $75.7M | $66.1M | $0 |
| Deferred tax liabilities | $23.0M | $0 | |
| Other non-current liabilities | $11.5M | $4.9M | |
| Total non-current liabilities | $156.8M | $141.8M | |
| Total liabilities | $377.4M | $252.6M | |
| Share capital | $619.3M | $616.2M | |
| Equity reserves | $54.5M | $52.9M | |
| Accumulated deficit | -$455.0M | -$425.7M | |
| Total common shareholders' equity | $218.9M | $243.5M | |
| Non-controlling interest | $2.8M | $4.3M | $0 |
| Total equity | $221.7M | $247.8M | $200.9M |
| Total liabilities and equity | $599.1M | $500.4M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $108.3M | $105.8M | $55.3M |
| Accounts receivable | $71.0K | $104.0K | |
| Inventories | $70.8M | $42.8M | |
| Value added tax receivables | $10.8M | $8.3M | |
| Prepaid expenses and other | $12.2M | $8.5M | |
| Total current assets | $202.2M | $165.6M | |
| Mineral properties, plant and equipment | $388.6M | $329.4M | |
| Other non-current assets | $8.3M | $5.3M | |
| Total non-current assets | $396.9M | $334.8M | |
| Total assets | $599.1M | $500.4M | |
| Accounts payable and accrued liabilities | $87.1M | $55.1M | |
| Income taxes payable | $4.2M | $0 | |
| Financial liabilities | $77.3M | $9.3M | |
| Lease liabilities | $16.8M | $15.9M | |
| Deferred consideration | $28.2M | $23.5M | |
| Provisions | $7.0M | $7.0M | |
| Total current liabilities | $220.6M | $110.8M | |
| Lease liabilities | $20.3M | $22.9M | |
| Deferred and contingent consideration | $26.3M | $47.8M | |
| Asset retirement provisions | $75.7M | $66.1M | $0 |
| Deferred tax liabilities | $23.0M | $0 | |
| Other non-current liabilities | $11.5M | $4.9M | |
| Total non-current liabilities | $156.8M | $141.8M | |
| Total liabilities | $377.4M | $252.6M | |
| Share capital | $619.3M | $616.2M | |
| Equity reserves | $54.5M | $52.9M | |
| Accumulated deficit | -$455.0M | -$425.7M | |
| Total common shareholders' equity | $218.9M | $243.5M | |
| Non-controlling interest | $2.8M | $4.3M | $0 |
| Total equity | $221.7M | $247.8M | $200.9M |
| Total liabilities and equity | $599.1M | $500.4M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income for the year | -$30.8M | $8.5M |
| Depreciation and depletion | $62.9M | $23.7M |
| Share-based compensation | $10.3M | $6.9M |
| Share of net income related to joint venture | $0 | -$2.4M |
| Gain on derecognition of equity investment in joint venture | $0 | -$1.4M |
| Transaction costs | $0 | $2.5M |
| Finance income | -$6.1M | -$5.9M |
| Finance expense | $17.8M | $15.2M |
| Unrealized loss on gold hedge derivative instruments | $74.6M | $13.6M |
| Unrealized foreign exchange gain | -$2.9M | -$686.0K |
| Income tax expense | $38.3M | $0 |
| Income taxes paid | -$34.1M | $0 |
| Deferred income tax expense | $23.0M | $0 |
| Operating cash flow before working capital changes | $153.0M | $60.0M |
| Change in working capital | $5.0M | -$4.3M |
| Cash provided by operating activities | $158.0M | $55.7M |
| Expenditures on mineral properties, plant and equipment | -$114.9M | -$66.9M |
| Deferred consideration paid | -$25.0M | $0 |
| Net cash and cash equivalents assumed on acquisition | $0 | $47.5M |
| Transaction costs paid | $0 | -$2.5M |
| Redemption of preferred shares in joint venture | $0 | $25.0M |
| Interest received | $3.4M | $4.7M |
| Purchase of other assets | -$460.0K | -$2.0M |
| Cash (used in) provided by investing activities | -$137.0M | $5.8M |
| Lease liability payments | -$19.3M | -$13.4M |
| Revolving credit facility related costs | -$3.5M | $0 |
| Shares issued for cash on exercise of stock options | $2.1M | $2.8M |
| Share issuance costs | $0 | -$41.0K |
| Cash used in financing activities | -$20.7M | -$10.6M |
| Impact of foreign exchange on cash and cash equivalents | $2.2M | -$432.0K |
| Net increase in cash and cash equivalents during the year | $2.6M | $50.5M |
No quarter-by-quarter statement was filed.
Former names
Filings
148 filings to the SEC since October 2021: 5 annual reports, 34 large holders, 109 other. The latest 20:
- Oct 13, 20266-K EDGAR
- Oct 8, 20266-K EDGAR
- Sep 4, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026SCHEDULE 13G EDGAR
- Aug 7, 20266-K EDGAR
- Jul 9, 20266-K EDGAR
- Jun 22, 2026SD EDGAR
- Jun 12, 20266-K EDGAR
- Jun 2, 20266-K EDGAR
- Jun 2, 20266-K/A EDGAR
- Jun 1, 20266-K EDGAR
- May 26, 20266-K EDGAR
- May 14, 20266-K EDGAR
- May 13, 2026SCHEDULE 13G EDGAR
- May 11, 20266-K EDGAR
- May 8, 20266-K EDGAR
- May 1, 20266-K EDGAR
- Apr 10, 20266-K EDGAR
- Mar 17, 20266-K EDGAR
- Mar 12, 202640-F EDGAR
The 148 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 34 such filings since October 2021, the latest 10:
- Sep 4, 2026SCHEDULE 13G/A
- Aug 11, 2026SCHEDULE 13G
- May 13, 2026SCHEDULE 13G
- Feb 12, 2026SCHEDULE 13G
- Feb 12, 2026SCHEDULE 13G/A
- Nov 14, 2025SCHEDULE 13G/A
- Nov 14, 2025SCHEDULE 13G
- Nov 12, 2025SCHEDULE 13G
- Nov 6, 2025SCHEDULE 13G/A
- Oct 17, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 87. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Donald Smith & Co., Inc. | 26,339,874 | $49.3M | 0.9% | +3,238,558 |
| Aegis Financial Corp | 14,125,317 | $26.4M | 4.2% | +7,715,996 |
| Ruffer LLP | 12,994,532 | $24.2M | 0.9% | −230,000 |
| Franklin Resources Inc | 11,942,322 | $22.3M | 0.0% | −274,940 |
| Equinox Partners Investment Management LLC | 9,357,961 | $17.5M | 8.2% | No change |
| American Century Companies Inc | 7,784,725 | $14.5M | 0.0% | +628,082 |
| Connor, Clark & Lunn Investment Management Ltd. | 6,323,862 | $11.8M | 0.0% | +823,636 |
| Arrowstreet Capital, Limited Partnership | 5,595,367 | $10.5M | 0.0% | −1,276,750 |
| Pale Fire Capital SE | 5,036,654 | $9.4M | 0.7% | +1,036,654 |
| Van Eck Associates Corp | 4,581,447 | $8.6M | 0.0% | −223,687 |
| Renaissance Technologies LLC | 4,373,588 | $8.2M | 0.0% | −633,065 |
| Two Sigma Investments, LP | 3,919,488 | $7.3M | 0.0% | −712,524 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,500,000 | $6.5M | 0.0% | No change |
| D. E. Shaw & Co., Inc. | 3,385,300 | $6.3M | 0.0% | −261,300 |
| Man Group plc | 2,184,377 | $4.1M | 0.0% | +1,647,128 |
| Bank Of Montreal /can/ | 1,973,681 | $3.7M | 0.0% | −106,091 |
| Morgan Stanley | 1,641,182 | $3.1M | 0.0% | −2,143,220 |
| Jane Street Group, LLC | 1,554,405 | $2.9M | 0.0% | +381,365 |
| Millennium Management LLC | 1,406,326 | $2.6M | 0.0% | +370,936 |
| Dimensional Fund Advisors LP | 1,217,321 | $2.3M | 0.0% | +1,025,657 |
| Goldman Sachs Group Inc | 1,178,212 | $2.2M | 0.0% | −725,471 |
| Toronto Dominion Bank | 910,655 | $1.7M | 0.0% | −1,320,315 |
| Point72 Asset Management, L.P. | 544,289 | $1.0M | 0.0% | +11,944 |
| De Lisle Partners LLP | 445,044 | $834.5K | 0.1% | No change |
| XTX Topco Ltd | 438,850 | $820.6K | 0.0% | −60,832 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
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