CA$10m market cap
CA$0.05 last close
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.
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.