Galiano Gold announces fatality and equipment damage at Asanko Gold Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2025
0mins
Should l Buy GAU?
Incident Overview: Galiano Gold reported a confrontation between community members and military personnel at its Asanko Gold Mine in Ghana, resulting in civil unrest, a fatality, and damage to equipment.
Company Response: The company expressed condolences to the affected families, is cooperating with local authorities in the investigation, and has temporarily suspended operations at the Esaase deposit while maintaining operations at the Abore deposit and processing plant.
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Analyst Views on GAU
Wall Street analysts forecast GAU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GAU is 2.86 USD with a low forecast of 2.52 USD and a high forecast of 3.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 2.430
Low
2.52
Averages
2.86
High
3.20
Current: 2.430
Low
2.52
Averages
2.86
High
3.20
About GAU
Galiano Gold Inc. owns the Asanko Gold Mine, which is located in Ghana, West Africa. The Asanko Gold Mine (AGM) is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5.8 metric tons per annum carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with over 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Abore is located along the haulage road between Obotan and Esaase, over 15 kilometers north of the mill. Miradani North is designed to be mined in two phases to help advance the high-grade ore and manage relocation costs associated with the Tontokrom village to the south. The Asankrangwa gold belt is located within the Kumasi basin. The AGM also owns various exploration licenses across the highly prospective and underexplored Asankrangwa Gold Belt.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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