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Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Galiano Gold Inc. (“Galiano”), has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither Galiano nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against Galiano and Virtua and further acknowledge and agree that in no event shall Galiano or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if Galiano and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

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.

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Communities

We believe in responsible corporate citizenship, which involves contributing to the economic and social growth of our host countries. The Galiano Sustainability Policy underscores our dedication to identifying and pursuing opportunities that bring meaningful, enduring, and positive changes to the local communities where we operate. Our goal is to ensure that our community development and social investment initiatives create sustainable benefits beyond the mine's lifespan, actively involving local communities to foster shared commitment and responsibility for each endeavor.

Highlights of 2022:

  • Invested $555K in local community development programs and initiatives
  • Initiated five community infrastructure projects in catchment areas
  • Completed the Esaase Regional Hospital in early 2023

Community Development and Social Investment are divided into four main categories at the AGM:

  • Strategic community investments to enhance local capacity
  • Legacy community infrastructure projects
  • Advancement and empowerment of women
  • Community investments linked to larger infrastructure projects

As part of the Asanko Opportunity Cycle, the AGM forms strategic partnerships to implement community investment programs, leveraging cost-sharing advantages and partner expertise. Asanko Opportunity Cycle focuses on:

  • Elevating living standards
  • Providing access to education
  • Offering vocational training
  • Nurturing local businesses
  • Facilitating access to Finance

The Asanko Development Foundation is a community-managed initiative targeting human resource development, economic empowerment, and infrastructure in AGM-surrounding communities. The AGM contributes annually to the foundation, including an endowment fund for post-mine closure social programs under social responsibilities for Obotan and Esaase.

Stakeholder engagement is crucial, and Galiano's commitment to actively involve stakeholders and consider their perspectives, concerns, and cultural heritage is an integral part of the Galiano Sustainability Policy. Through regular engagement, the AGM shares information, gathers feedback, and addresses potential conflicts, tailored to each stakeholder group with sensitivity and inclusivity.

Key levers:

  • Sustainable community development: Prioritize long-lasting economic and social progress.
  • Strategic partnerships: Collaborate for impactful community investments.
  • Asanko Development Foundation: Empower through community-managed initiatives.
  • Effective stakeholder engagement: Build trust, share information, and address concerns.
Stakeholder Engagement

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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