News about Ghana

Investors who held Galiano Gold from the start of the year are down 23.3% including dividends, with shares falling from CA$3.49 to about CA$2.7. A bullish view set fair value at CA$4.2 based on higher gold prices, Abore drilling and plant upgrades, while a bearish view put it at CA$2.49, citing ESG pressures, Ghana political and regulatory risk and higher operating costs. Galiano secured long-term extensions for the Abirem and Miradani mining leases at Asanko, supporting the mine-life case. Q2 2026 revenue rose to US$183.745m from US$84.795m, with net income of US$61.877m and a 33.7% net margin. The article notes that all-in sustaining cost guidance of $2,300 to $2,600 per ounce, driven by Ghana's sliding-scale royalty regime and elevated diesel prices, may compress net margins even if production rises.

Newcore Gold reported more drill results from the Nyam Gold Deposit at its Enchi Gold Project in Ghana, finding high-grade gold below the pits that constrain mineral reserves. Hole NBDD093 intersected 37.0 m grading 2.16 g/t Au from 205 m, including 9.0 m at 5.10 g/t Au. Holes NBDD094 (21.0 m at 1.51 g/t Au) and NBDD095A (40.0 m at 0.82 g/t Au) also returned gold mineralization. The four diamond holes, totalling 1,192 m and reaching a maximum vertical depth of 275 m, target high-grade extensions at depth and the potential to convert Inferred resources to the Indicated category. The company said the results may be incorporated into future economic studies, and all Enchi deposits remain open along strike and at depth.

GoldCoast Resource Corp. reports completing an airborne magnetic survey over its entire 10,000 km² offshore licence area on Ghana's shallow continental shelf, with about 60,000 line kilometres flown between May 4 and August 22, 2026. The interpretation identified 22 significant magnetic anomalies, considered high-priority gold targets linked to paleo-river channels, paleo-shorelines and structurally controlled sediment traps. Two source-to-sink placer systems were defined: the Tano-Ankobra system in Block 1 and the Pra River and eastern river systems in Block 2, each containing all four elements needed for a placer gold deposit. A further infill survey over Target A, about 500 km² at the Ankobra River mouth, is being interpreted, with results due in Q4 2026. A Phase II marine program using multibeam bathymetry, side-scan sonar, sub-bottom profiling and vibracore sampling will test the priority targets.

Ghana's government has directed its Minerals Commission to standardise salaries, wages and employment conditions across the mining sector as operations shift from owner mining to local contractors, aiming to prevent pay and benefit cuts during these transitions. The rule could reshape AngloGold Ashanti's cost structure, labour relations and contractor strategy at its Ghanaian sites. The article notes no fresh company announcements on Ghanaian labour since the October 2026 directive, and the core story remains growth projects at Geita, Obuasi, Siguiri, Cuiabá and Nevada plus an approved US$2b buyback. Analysts expect revenue of about $12.1b and earnings of $4.2b by 2029, up from about $3.8b today.