Galiano Secures Mining Lease Extensions at Asanko Gold Mine in Ghana
MT newswire2026/10/08 13:0809:08 AM EDT, 10/08/2026 (MT Newswires) -- Galiano Gold (GAU.TO, GAU) edged higher in premarket New York trade after the company on Thursday said it secured long-term extensions of two key mining leases at the Asanko gold mine in Ghana. The Abirem mining lease was extended for 15 years through 2041, while the Miradani mining lease was extended for 17 years through 2043. The Abirem and Miradani mining leases host the Nkran, Adubiaso and Miradani North deposits, including Asanko's processing facility with a capacity of 5.80million tonnes per annum. The mining lease extensions support the current life-of-mine plan while providing foundation for reserve growth and future mine life extension, Galiano said. The company's shares were last seen up $0.04, or 2.1%, to $1.99 in premarket trade. They closed down CA$0.18, or 6.1%, to CA$2.77 Wednesday on the Toronto Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave (CRWV.US) Faces Key Earnings Test: AI Cloud Debt Concerns Intensify as "Burning Cash for Growth" Model Faces Scrutiny
CoreWeave will release its third-quarter financial report. Whether it can demonstrate that its rapid revenue growth is sufficient to cover the rising financing costs and construction expenditures will directly determine the direction of market confidence.
Canadian used car dealer UC Automotive (UCAU.RC.US) files for IPO in the US: aims to raise 29 million USD and list on Nasdaq
Canadian used car dealer UC Automotive has applied for a Nasdaq IPO, aiming to raise up to $29 million, with its main focus on the Greater Vancouver market. Kingswood is the sole underwriter.
Crypto prices
More
