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Galane Gold (GG)

Business description

Galane is a junior gold producer with one operating mine in Botswana (Mupane) and a second mine in South Africa (Galaxy) on care and maintenance but set to restart production within the next six months.

Stock data

Market cap.C$10m
Last closeC$0.05
High / Low (52 weeks)C$0.1 / C$0.0
Stock market listingCN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual0.0(9.1)0.0
Relative *(4.6)(12.4)(2.3)

* % Relative to local index

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Latest research

To the Galaxy and beyond

Initiation | Mining | 02/10/2018

Investment summary

Since 2014, the ramp-up of Tau Underground has transformed Galane’s Mupane mine, increasing mined grade and lowering cash operating costs to average just US$871/oz over the past 12 months. Galane has now also secured funding to bring the Galaxy mine into production by Q119, which could add a further 25koz per year at cash costs of around US$800/oz.

Last updated on 02/10/2018

Key management

Ravi Sood, Chairman
Nick Brodie, CEO
Gavin Vandervegt , FD

Company address

Suite 1800, 181 Bay Street
Toronoto
M5J 2V1
Canada
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