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Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, Galiano may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess Galiano’s operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. Galiano and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.


At Galiano, we are fully committed to active community engagement programmes and encourage and support charitable donations in the areas of improving health, education and welfare within the stakeholder communities where we work.

We are committed to being a good neighbour to our stakeholder communities. We have an experienced, External Affairs department, based at the Asanko Gold Mine, who are dedicated to building long lasting positive relationships with the local communities.

The AGM’s community investment and social development initiatives create opportunities for increased vocational training, access to education and finance, and support for growing local businesses.

Our community investments are also focused on improving sanitation, health, and community infrastructure. All investments seek to provide benefits that will be sustainable beyond the life of our operations and include contributions by local communities - generally in the form of communal labor - to engender shared responsibility and commitment to the investment.

Our Community Development and Social Investment program is subdivided into four primary categories at the AGM: strategic community investment efforts aimed to build local capacity building, legacy community infrastructure projects, female empowerment efforts, and other community investments focused on larger infrastructure projects.

Stakeholder Engagement

Stakeholder engagement is a daily business practice at every level of our organization. Our operations currently support a number of socio-economic development programs in our catchment communities, the majority of which are implemented with local partners.

In 2021, a total of $701K was invested in local community development programs and initiatives.

The recently launched Social Responsibility Forums at Obotan and Esaase will augment existing community investment initiatives and add further resources for these programs and partnerships. Our engagement and community development activities focus on better enabling our catchment communities to meet their own long-term needs and aspirations, with close and collaborative relationships essential to ensuring mutual success. We employ people on the ground in all key locations to establish and maintain these relationships and to help our host governments and communities understand our plans and business needs, and for us to understand theirs. The Asanko Opportunity Cycle executes community investment program delivery through strategic and experienced sector partnerships, which leverages the advantage of cost-sharing and also integrates sector expertise and track records of these partners to enhance the success and results of the projects. Initiatives and expenditures must be focused on:

  • Improving living standards (health, water and sanitation, infrastructure, cultural heritage)
  • Access to Education
  • Vocational Training
  • Growing Local Businesses
  • Access to Finance

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