VANCOUVER, BC , Dec. 4, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") GAU GAU is pleased to announce that it has terminated its gold purchase and sale agreement (the "Agreement") with Red Kite Opportunities Master Fund Limited ("Red Kite") for total cash consideration of US$13 million . Under the Agreement, the Company had been required to sell 100% of gold production from the Asanko Gold Mine (the "AGM"), up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite during a nine-day quotational period following shipment of gold from the AGM. At the time of termination, the AGM had delivered 1,706,407 gold ounces to Red Kite under the Agreement. Over the past two years, during a period of elevated gold prices and volatility, the differential between the AGM's realized gold price under the Agreement and the spot price of gold on the gold delivery date, has resulted in a discount of approximately 2%. "With the Company's strong, debt-free balance sheet, we are pleased to have the financial flexibility to terminate this legacy offtake agreement as part of our prudent capital allocation strategy," said Matt Badylak , President and Chief Executive Officer of Galiano. "This strategic investment allows the AGM to sell gold at market prices, delivering meaningful value as we advance our business plan." About Galiano Gold Inc. Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the AGM, which is located in Ghana , West Africa . Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities. For more information, please visit www.galianogold.com . Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to: statements regarding the Company's operating plans for the AGM and timing thereof; expectations and timing with respect to current and planned drilling programs, and any additional work programs to be undertaken by the Company and potential exploration opportunities. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: development plans and capital expenditures; the price of gold will not decline significantly or for a protracted period of time; the accuracy of the estimates and assumptions underlying mineral reserve and mineral resource estimates; the Company's ability to raise sufficient funds from future equity financings to support its operations, and general business and economic conditions; the global financial markets and general economic conditions will be stable and prosperous in the future; the AGM will not experience any significant uninsured production disruptions that would materially affect revenues; the ability of the Company to comply with applicable governmental regulations and standards; the mining laws, tax laws and other laws in Ghana applicable to the AGM will not change, and there will be no imposition of additional exchange controls in Ghana ; the success of the Company in implementing its development strategies and achieving its business objectives; the Company will have sufficient working capital necessary to sustain its operations on an ongoing basis and the Company will continue to have sufficient working capital to fund its operations; and the key personnel of the Company will continue their employment. The foregoing list of assumptions cannot be considered exhaustive. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: mineral reserve and mineral resource estimates may change and may prove to be inaccurate; metallurgical recoveries may not be economically viable; life of mine estimates are based on a number of factors and assumptions and may prove to be incorrect; actual production, costs, returns and other economic and financial performance may vary from the Company's estimates in response to a variety of factors, many of which are not within the Company's control; inflationary pressures and the effects thereof; the AGM has a limited operating history and is subject to risks associated with establishing new mining operations; sustained increases in costs, or decreases in the availability, of commodities consumed or otherwise used by the Company may adversely affect the Company; adverse geotechnical and geological conditions (including geotechnical failures) may result in operating delays and lower throughput or recovery, closures or damage to mine infrastructure; the ability of the Company to treat the number of tonnes planned, recover valuable materials, remove deleterious materials and process ore, concentrate and tailings as planned is dependent on a number of factors and assumptions which may not be present or occur as expected; the Company's mineral properties may experience a loss of ore due to illegal mining activities; the Company's operations may encounter delays in or losses of production due to equipment delays or the availability of equipment; outbreaks of COVID-19 and other infectious diseases may have a negative impact on global financial conditions, demand for commodities and supply chains and could adversely affect the Company's business, financial condition and results of operations and the market price of the common shares of the Company; the Company's operations are subject to continuously evolving legislation, compliance with which may be difficult, uneconomic or require significant expenditures; the Government of Ghana may increase the Growth and Sustainability Levy, increasing the Company's expenditures; the Company may be unsuccessful in attracting and retaining key personnel; labour disruptions could adversely affect the Company's operations; recoveries may be lower in the future and have a negative impact on the Company's financial results; the lower recoveries may persist and be detrimental to the AGM and the Company; the Company's business is subject to risks associated with operating in a foreign country; risks related to the Government of Ghana defaulting on local and international bonds; risks related to the Company's use of contractors; the hazards and risks normally encountered in the exploration, development and production of gold; the Company's operations are subject to environmental hazards and compliance with applicable environmental laws and regulations; the effects of climate change or extreme weather events may cause prolonged disruption to the delivery of essential commodities which could negatively affect production efficiency; the Company's operations and workforce are exposed to health and safety risks; unexpected costs and delays related to, or the failure of the Company to obtain, necessary permits could impede the Company's operations; the Company's title to exploration, development and mining interests can be uncertain and may be contested; geotechnical risks associated with the design and operation of a mine and related civil structures; the Company's properties may be subject to claims by various community stakeholders; current, ongoing and future legal disputes and appeals from third parties may be successful, and the Company may be required to pay settlement costs or damages; risks related to limited access to infrastructure and water; risks associated with establishing new mining operations; the Company's revenues are dependent on the market prices for gold, which have experienced significant recent fluctuations; the Company may not be able to secure additional financing when needed or on acceptable terms; the Company's shareholders may be subject to future dilution; risks related to changes in interest rates and foreign currency exchange rates; risks relating to credit rating downgrades; changes to taxation laws applicable to the Company may affect the Company's profitability and ability to repatriate funds; risks related to the Company's internal controls over financial reporting and compliance with applicable accounting regulations and securities laws; future securities offerings issued pursuant to the Company's base shelf prospectus may not be successful depending on external market factors outside of the Company's control; risks related to information systems security threats; non-compliance with public disclosure obligations could have an adverse effect on the Company's stock price; the carrying value of the Company's assets may change and these assets may be subject to impairment charges; risks associated with changes in reporting standards; the Company may be liable for uninsured or partially insured losses; the Company may be subject to litigation; damage to the Company's reputation could result in decreased investor confidence and increased challenges in developing and maintaining community relations which may have adverse effects on the business, results of operations and financial conditions of the Company and the Company's share price; the Company may be unsuccessful in identifying targets for acquisition or completing suitable corporate transactions, and any such transactions may not be beneficial to the Company or its shareholders; the Company must compete with other mining companies and individuals for mining interests; the Company's growth, future profitability and ability to obtain financing may be impacted by global financial conditions; the Company's common shares may experience price and trading volume volatility; the Company has never paid dividends and does not expect to do so in the foreseeable future; the Company's shareholders may be unable to sell significant quantities of the Company's common shares into the public trading markets without a significant reduction in the price of its common shares, or at all; and the risk factors described under the heading "Risk Factors" in the Company's Annual Information Form. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release . View original content to download multimedia: https://www.prnewswire.com/news-releases/galiano-gold-announces-buyout-of-offtake-agreement-302321556.html SOURCE Galiano Gold Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Tayshawn Comer scores 18 to lead Evansville past Campbell 66-53None
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Musk’s efficiency commission is already overreachingMILAN : AC Milan coach Paulo Fonseca was delighted with his team's 3-0 win over Empoli, one of Serie A's least generous teams, on Saturday. Tijjani Reijnders's double and a goal by Alvaro Morata earned Milan a comfortable victory over 10th-placed Empoli, with the hosts taking the lead in the 19th minute. "We played a great game against a team that is very aggressive defensively, which has the fourth-best defence in the championship," Fonseca told a press conference. Empoli, who came into the clash at the San Siro three points shy of Milan, have conceded 14 goals in 14 games so far this season - the same tally as Lazio, Milan and Inter, who have all played 13, and more than only Juventus, Napoli and Fiorentina. "We played a very balanced game, offensively and defensively. There was one very important thing - the (quick) recovery of the ball in the offensive half of the pitch," Fonseca said. "We scored three goals but could have scored six or seven if we hadn't made the wrong last choices." Seventh-placed Milan have kept a clean sheet in at least five of their first seven Serie A home games of the season for the first time in more than 20 years. "I can say good things about (defender Matteo) Gabbia, he is a great professional," Fonseca added. "He is taking on an important leadership role, and he is playing very well. I told him that I am very, very satisfied with his renewal. If there is a player who deserves it, it is him. "Today we did not concede any goals and we did not give Empoli any chances." Milan extended Italy international Gabbia's contract until 2029 earlier this week. Reijnders, the scorer of two goals on the night, was more restrained in his comments. "We haven't done anything yet, we have to keep pushing," said the 26-year-old Dutchman. "Good match but the points distance from the Champions League zone weighs. We play to win (but) we are not satisfied with the position." Milan, with a game in hand, have 22 points, seven behind leaders Napoli who visit 11th-placed Torino on Sunday.
Increased funding to PNG police will enhance safety - minsterSiena men's basketball's losing streak hits four after Jacksonville wins 75-64 at Fort MyersNonePercentages: FG .449, FT .667. 3-Point Goals: 5-10, .500 (Benjamin 2-5, Martinez 1-1, N.Krass 1-1, Harrison 1-2, Miles 0-1). Team Rebounds: 2. Team Turnovers: 3. Blocked Shots: 2 (Benjamin, Mpaka). Turnovers: 11 (Harrison 4, Benjamin 2, Martinez 2, N.Krass 2, Miles). Steals: 5 (Harrison 3, Miles 2). Technical Fouls: None. Percentages: FG .320, FT .750. 3-Point Goals: 9-28, .321 (Aranguren 4-10, Robinson 2-4, Gadsden 1-1, Farmer 1-2, Sanders 1-6, Davis 0-5). Team Rebounds: 0. Team Turnovers: None. Blocked Shots: 7 (Sunday 3, Aranguren, Davis, Graham, Sanders). Turnovers: 9 (Davis 4, Sunday 2, Aranguren, Farmer, Sanders). Steals: 5 (Aranguren 3, Davis 2). Technical Fouls: None. .
HATTIESBURG, Miss. (AP) — Denijay Harris' 24 points helped Southern Miss defeat Milwaukee 66-65 on Saturday. Harris hit a 3-pointer and Neftali Alvarez made a layup with 2 seconds left as the Golden Eagles (3-4) rallied from a 65-61 deficit in the final minute. Jett Montgomery scored 13 points while shooting 5 for 8, including 3 for 6 from beyond the arc. Cobie Montgomery finished 3 of 6 from 3-point range to finish with 10 points. Themus Fulks led the way for the Panthers (5-4) with 17 points. Milwaukee also got 13 points and seven rebounds from Kentrell Pullian. AJ McKee also had 10 points and eight rebounds. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Manchester City defender Nathan Ake said his side must “show character” if they are to end their winless streak after Feyenoord scored three times in the final 15 minutes to claim a 3-3 draw in the Champions League at the Etihad Stadium. City are now six games without a victory but appeared to be cruising towards three points before being stunned by the Eredivisie side, who hit them with goals from Anis Hadj Moussa, Santiago Gimenez and David Hancko to fight back from 3-0 down. Two goals from Erling Haaland, one of them a penalty, and one from Ilkay Gundogan had the 2023 European champions three up after 53 minutes as they sought the win that would help to get their ailing season back on track. FULL-TIME | A point apiece. 🩵 3-3 ⚫️ #ManCity | #UCL pic.twitter.com/6oj1nEOIwm — Manchester City (@ManCity) November 26, 2024 After the team collapsed in the closing stages, Ake called on his team-mates to show their mettle if their campaign is not to wither away. Speaking to Amazon Prime, he was asked whether he believed the the team’s problem is a mental one. “Maybe it is,” he said. “It is difficult to say. Obviously we have not been in this situation many times but this is where we have to show our character. “When everything seems to go against us and everyone is writing us off, we have to stay strong mentally, believe in ourselves and stick together. 🔢 pic.twitter.com/diyhxQXsdF — Feyenoord Rotterdam (@Feyenoord) November 26, 2024 “Every season there is a period when they write us off. We have to make sure we stay strong as a team and staff and make sure we get out of it.” The draw leaves City with work to do if they are to secure one of the eight automatic spots in the last 16 of this season’s Champions League. They are currently 15th in the table, two points outside of the top eight, and will need positive results in their next two games against Juventus and Paris St Germain to keep their hopes alive. They then face Club Brugge in their final league match on January 29. The result at least ended a run of five straight defeats in all competitions ahead of Sunday’s Premier League showdown with leaders Liverpool at Anfield. “When you are three goals up it feels like a defeat when you give up three goals at home,” said Ake. “It is tough now, a tough night, but the only thing we can do is look forward to the next one. Liverpool is a big game and it is another challenge to overcome. “(We were) 3-0 up and we played quite well and were under control, but then it all changed. “You just have to stay strong mentally. At 3-1 they then push on but I think we need to go for it a bit earlier so we could keep the pressure on them, but we stayed playing at the back and maybe invited more pressure on us. “Then when you concede the second one there is even more pressure and then we have to stay stronger mentally.”
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Published 4:18 pm Thursday, November 21, 2024 By Data Skrive The Friday college basketball schedule has plenty of quality competition in store. Our computer model has suggested picks against the spread for 10 games, among them the Louisiana Ragin’ Cajuns taking on the Liberty Flames. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Bet on this or any men’s college basketball matchup at BetMGM. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Recent rumours have linked Kaizer Chiefs with several players. Let’s zero in on the attackers most desired at Naturena. There are also four midfield maestros on the Christmas list . Kaizer Chiefs are chasing a host of attackers Asanele Velebayi Cape Town Spurs winger Asanele Velebayi is a long-standing target. Thought of as a massive prospect for Bafana Bafana, the 21-year-old has winger been with Spurs for a decade and their CEO wants to get the maximum value out of a sale, should it come to that. Click for the story Michael Olunga 30-year-old Michael Olunga bagged a hat-trick in the first match of this season’s Qatar Stars League. In his entire club career, he’s scored a stunning tally of 190 goals in 253 matches . In his last 61 league matches in Qatar, he’s scored a ludicrous 62 goals . No matter who you’re playing for, a scoring rate of more than a goal per game is absurd. Olunga has played for Kenyan giants Gor Mahia, Swedish side Djurgardens, Spanish LaLiga’s Girona, Chinese outfit Hengfeng, Kashiwa Reysol from Japan’s J-League and Qatari club Al-Duhail SC. To say he’s Kenya’s greatest is probably an understatement, but perhaps brother duo Victor Wanyama and McDonald Mariga would like a word. Chiefs are considering an ambitious move. Oswin Appollis Elias Mokwana, Khanyisa Mayo and Iqraam Rayners are other South African attackers who’ve made big moves either abroad or within the Betway Premiership. Mokwana moved to Esperance for 370k (R7.2 million), Rayners switched to Sundowns for an undisclosed fee although his estimated transfer value now stands at R35 million (evidence of the power Sundowns have over the market) and Mayo is in Algeria with Belouizdad in a deal which cost his new employers €750k (R14.5 million). How much would Appollis cost? Click for the story Zakhele Lepasa According to KickOff , Chiefs have been linked with a sensational swoop for Orlando Pirates striker Zakhele Lepasa. The 27-year-old has seven caps for Bafana Bafana but has fallen well out of favour for the national team after losing his place in matchday squads for Pirates. He’s yet to make an appearance in any competition this season after returning from a loan spell with SuperSport last term. Click for the story Elias Mokwana Elias Mokwana looked on the brink of an exit from Esperance last week after his club reportedly breached their contract with the 25-year-old over failed payments. The situation looks a lot different now, however. Mokwana has returned to Esperance. Let us know by clicking on the comment tab below this article or emailing info@thesouthafrican.com . You can also send a WhatsApp to 060 011 021 1. Follow @TheSAnews on X and The South African on Facebook for your social fix.No. 22 Xavier unbeaten but looking for more effort vs. South Carolina