Galane Gold

CN: GG

CA$9m 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.

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.

Share price graph
Price performance
%
1m
3m
12m
Actual (10.0) (10.0) (18.2)
Relative* (11.7) (18.6) (20.6)
52-week high/low C$0.1/C$0.0
*% relative to local index
Key management
Ravi Sood Chairman
Nick Brodie CEO
Gavin Vandervegt FD