05:23 PM EST, 01/28/2025 (MT Newswires) -- Galiano Gold ( GAU ) was at last look up 3.4% in US after hours as it released 2025 guidance, an updated Mineral Reserves and Mineral Resources estimate and a five-year outlook for the company's Asanko Gold Mine in Ghana.

Among highlights on the Asanko Gold Mine, the company cited a Mineral Reserve Estimate as of December 31, , totaling 2,055,000 ounces of gold (47.1 million tonnes at 1.36 grams per tonne gold); and 2025 production guidance of 130,000 oz to 150,000 oz of gold at all-in sustaining costs of US$1,750 to $1,950 per gold ounce sold.

It also cited a new five year production outlook, with gold production expected to increase by approximately 75% from 2024 production levels over the next 24 months as higher grade mill feed is supplied by Abore and Esaase.

Further, the company said "significant" pit wall pushback at Nkran to access high-grade ore at depth is expected to commence by mid-year, and added exploration focus will be on both near-mine and greenfield targets, Akoma and Sky Gold B prospects, to test for extensions of mineralization discovered in 2024.

"We are pleased that near mine drilling at the AGM has resulted in 100% replacement of depleted ounces over the past 2-year period," said chief executive Matt Badylak. "On the back of our mine plan optimizations, we are providing 2025 production and cost guidance and further clarity with a five-year operational outlook.

"The mine plan prioritized larger deposits to increase flexibility and mitigate operational risks associated with operating smaller pits simultaneously. Production growth is expected to be achieved from higher grade mill feed processed from mining Abore and Esaase, without any material capital expenditures. This will commensurately see a reduction in AISC and provide significant cash flows to support our investment in mining Nkran."

"Our strong cash balance of over $100 million, no debt, and anticipated future cash flows, are expected to provide us with the financial strength to invest in operational improvements and deliver approximately 200,000 ounces of gold annually from 2026."

GAU rose more than 4% on the TSX today, and by 2.6% in regular hours US trade.