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Non-GAAP Information

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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.


Our success is built on our people. Their commitment, talent and knowledge are critical to our success, and our company excellence depends on our efforts to keep those at site of the Asanko Gold Mine safe, healthy and secure.

2021 Highlights

  • Exemplary TRIFR 0.21 and LTIFR 0.10 performance
  • Zero fatalities and Zero operational downtime
  • Completed independent Health, Safety and Security audits and improvements either finalized or underway
  • Malaria Reduction program reviewed, and improvements are underway
  • Workforce Development Plan (recruitment & training) partially implemented
  • Employee perception survey completed and incorporated new elements and expanded to a company-wide engagement exercise
  • Continued operationalization of the Obotan and Esaase Social Responsibility Forums and community infrastructure projects initiated
  • Completed the construction of the Esaase Community Hospital
  • US$304.2m in-country procurement spend

Prioritizing Health & Safety

At Galiano, we target a zero-accident policy, to protect the safety and security of its employees.

We want our people to be happy and healthy at work and recognise the importance of employee well-being. By supporting all staff who may be exposed to health risks through their work such as potential exposure to infectious diseases and harmful substances in our operating locations or during business-critical travel. Regular local health-risk assessments to identify potential concerns allow us to apply the needed controls and prevent or manage the risks in a timely and efficient manner.

Learn more about our commitments in our Occupational Health & Safety Policy which sets out the principles and ways of working that we adhere to.

2021 Highlights:

  • Our 2021 TRIFR performance was exemplary, with very few injuries and incidents overall and only one lost time injury throughout the year.
  • Maintained a low COVID-19 rate on-site by adhering to the latest preventative protocols and measures and provision supplies for employees wanting to get vaccinated.
  • Reviewed the efficacy of our current malaria reduction program and identified the ways the program can be further improved upon
  • Conducted independent Health, Safety and Security audits, identified areas for further refinement, and commenced action throughout the balance of the year to ensure alignment with evolving international best practices

Key Levers

  • A strict application of our Zero Harm Initiative
  • Malaria reduction by 5%
  • Maintain low COVID-19 rates on-site by adhering to the latest preventative measures
  • Organize additional emergency preparedness training for local communities

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Human Rights

To drive our continuous improvement in the field of human rights, we apply human rights due diligence as the mechanism to enable progress, stakeholder collaboration and most importantly, avoiding harm for the people that may be affected by our business.

As a globally responsible mining company, Galiano respects human rights as articulated within the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant on Economic, Social, and Cultural Rights, and the ILO Declaration on Fundamental Principles and Rights at Work and the UN Guiding Principles on Business and Human Rights.

In 2020, Galiano Gold commenced its first formal human rights due diligence process. An independent scoping level assessment focused on potential human rights risks associated with the AGM’s operations, supply chain, and business relationships. The scoping study was followed by a full human rights impact assessment and corresponding site visit by an external specialist in July 2021 that included engagement with managers, employees, contractors, members of the catchment communities and vulnerable groups. The final findings, completed in January 2022, identified and assessed salient human rights impacts associated with AGM’s operations. While not raising any new significant concerns regarding Galiano Gold’s human rights impacts, the report validated and prioritized potential human rights risks and impacts based on likelihood, severity, and potential to affect stakeholders. It also provided recommendations and a proposed action plan for Galiano Gold’s continued efforts to monitor and manage the potential human rights risks and impacts of our operations.

Key levers:

In 2019, Galiano drafted a stand-alone Human Rights Policy which was approved and adopted in early 2020 in which the Company makes an overarching commitment to:

  • Avoid causing or contributing to adverse human rights impacts through our business activities, and will address such impacts if they occur
  • Seek to prevent or mitigate adverse human rights impacts that are directly linked to our operations
  • Ensure we have and promote accessible mechanisms in place for stakeholders to raise concerns and seek remedy for issues related to human rights
  • Promote the Human Rights Policy at all levels of our Company
  • Prioritize human rights training including training of security personnel in the Voluntary Principles of Security and Human Rights
  • Conducting a robust Human Rights Impact Assessment over the course of 2021 building on existing Human Rights due diligence program for the Asanko Gold Mine.
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Embedding Diversity and Equal Opportunity

At Galiano, we firmly believe that having an inclusive and diverse workplace will support us in our ambitions to outperform the markets and deliver business growth.

To ensure that everyone is truly represented and included, we seek to build a diverse and inclusive workplace where every one of us is given the opportunity to be their best selves, so that together we can discover more and reimagine mining.

Recruitment and selection at the AGM focus on skills that can be acquired from the local catchment communities and within the larger Ghanaian labour market and an aim to have strong representation of workers from the local communities to ensure they benefit from the operation’s presence.

Learn more about our commitments to diversity and inclusion in our Diversity Policy.

Key Levers:

  • Boosting training and mentoring initiatives
  • Participation in education programs to foster juniors’ interest in mining jobs
  • Fair pay, determined by expertise, experience and performance
  • Strong representation of workers from our local communities to ensure they benefit from the presence of the mine
  • Policies and procedures, developed in consultation with our local stakeholders, so that local community members enjoy preference for jobs, provided they have the required qualification for the role
  • Investment in training, our training programs are multifaceted, focusing on technical training, leadership and business literacy, and procedures and standards, as well as career development
  • Engagement with all of our contractors, in cooperation with our human resources department, to ensure they follow similar procedures.

Galiano and the Asanko Gold Mine are a proud equal opportunity employer and celebrate the positive impact diversity brings to our workplace.

Our Supplier Code articulates essential aspects of the way we work, including the respect of and equal opportunity for our workforce, the avoidance of discrimination, harassment, or conflicts of interest (102-25), and the protection of health, safety, and the environment. Consistent with our corporate values, Galiano aims to maintain a workplace that supports the ability to achieve full potential through equal opportunity and is free of discrimination of any kind.

Our female colleagues play an integral role at Galiano across all levels of the business. Specifically, at the Asanko Gold Mine women comprise 8.3% of the mine's workforce, which is above the national average in the Ghanaian mining industry.

As part of our desire to become an employer of choice, we introduced a number of new initiatives on the mine to attract and retain our female colleagues and have a formal Women in Mining Charter.

Key Levers:

  • Encouraging women to apply for jobs
  • Accommodating women on site when required
  • Providing maternity leave, above the Ghanaian legislated requirement
  • Permitting nursing mothers to stay on site with their babies and nannies
  • Factoring Sexual Harassment provisions in the Collective Agreements to protect women.
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Training and Development

The successful achievement of our goals is dependent upon the skill, commitment, and dedication of our employees and contractors. Life-long learning is central to our people development.

It is therefore a top priority to attract, recruit, retain, and motivate our workforce through training, career development opportunities, and competitive remuneration.

Galiano’s professional development focuses on ‘on the job’ performance and development and is supported by the continuous performance management process, where live feedback is encouraged continuously.

We aim at ensuring that all our employees are equipped with the appropriate capabilities to enable them to contribute meaningfully towards the company’s objectives while achieving their highest potential.

Key Levers:

  • Supporting capacity-building objectives
  • Rewarding working conditions and realizing each employee’s individual potential through training and job promotion

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The Asanko Gold Mine has a comprehensive network of local and international goods and services providers, supplying the products and services required to support the business activities of our mine, our facilities, and the ultimate production and sale of our products.

In 2021, the AGM had over 441 local and international suppliers. All suppliers are also expected to adhere to our Code of Business Conduct and Ethics and we are working with them under the AGM Supplier Code as part of the procurement process. This helps ensure fairness, transparency, and that we select and work alongside providers that share our values and have acceptable standards in place with respect to labour, health and safety, environmental protection, and social/human rights business practices.

We are proud to have achieved 94.3% of all goods and services from Ghanaian registered vendors. The total value of procurement spend in 2021 for the AGM was approximately $332.6M, with approximately $304.2M for local services.

Please see our 2021 Sustainability Report [https://s24.q4cdn.com/325379252/files/doc_financials/2021/ar/Galiano-2021-SR-Final.pdf] for more information on our performance to develop economies through our local procurement practices.

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