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Update: Galiano Gold Drops 9% After Fatality, Equipment Damage at Asanko Mine in Ghana
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Update: Galiano Gold Drops 9% After Fatality, Equipment Damage at Asanko Mine in Ghana
Sep 10, 2025 9:20 AM

11:58 AM EDT, 09/10/2025 (MT Newswires) -- Galiano Gold ( GAU ) late Tuesday said a confrontation between community members and military personnel at the Asanko gold mine in Ghana resulted in a fatality and damage to contractor equipment.

The incident occurred on the company's operating concessions in the Amansie South District. The military presence is part of a state-mandated security intervention, the company said.

Operations at the Esaase deposit have been temporarily suspended, while the Abore deposit and processing plant remain in operation.

Galiano said it is working with local authorities and other stakeholders during the investigation and remains committed to constructive dialogue with stakeholders.

Galiano's share price at last look fell 9.3% to $3.22 on the TSX and lost 9.4% to $2.32 on the NYSE American in early Wednesday trading.

Price: 3.21, Change: -0.34, Percent Change: -9.58

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