Why Galiano Gold (TSX:GAU) Is Up 7.3% After High-Grade Abore Underground Drilling Results – And What’s Next

Simply Wall St

Thu, February 12, 2026 at 5:15 AM GMT+9 3 min read

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Galiano Gold Inc. recently reported the completion of its 2025 Abore drilling program at the Asanko Gold Mine in Ghana, with multiple high-grade gold intercepts, including 14.2 g/t Au over 15m from 231m, confirming mineralization up to 200m below prior holes.

These results point to meaningful underground potential at Abore, with all data feeding into a maiden underground Mineral Resource estimate expected in February 2026 that could reshape views on the asset’s scale and longevity.

We’ll now examine how confirmation of deeper high-grade mineralization at Abore may influence Galiano Gold’s existing investment narrative.

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Galiano Gold Investment Narrative Recap

To own Galiano Gold, you need to believe that the single Asanko asset in Ghana can keep generating cash while Abore meaningfully extends mine life. The latest Abore drill results support the underground-resource growth story and are likely to reinforce, rather than change, the near term focus on the maiden Abore underground estimate, while single asset and Ghana cost and regulatory exposure remain the key risks.

The November 17, 2025 Abore update is especially relevant here, as it first set expectations that deeper drilling could expand resources below current pits. The completion of the enlarged 11,000 m program, capped by the new high grade intercepts, now ties that earlier campaign to a clear near term catalyst in the February 2026 underground Mineral Resource estimate, which could sharpen views on mine life and Asanko concentration risk.

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Galiano Gold’s narrative projects $612.9 million revenue and $157.4 million earnings by 2028. This requires 25.6% yearly revenue growth and a $162.8 million earnings increase from -$5.4 million today.

Uncover how Galiano Gold’s forecasts yield a CA$5.38 fair value, a 35% upside to its current price.

Exploring Other Perspectives

TSX:GAU 1-Year Stock Price Chart

Yet while some bullish analysts were already assuming revenue could reach about US$681.3 million and earnings US$324.2 million by 2028, the real question for investors is how this new Abore data might affect the risk that Galiano still depends so heavily on a single mine in Ghana that investors should be aware of…

Against the consensus, the most optimistic analysts were already baking in around US$681.3 million of revenue and US$324.2 million of earnings by 2028, so you should expect very different interpretations of these new Abore results and consider how their more aggressive growth and cost assumptions could shift if the underground story at Abore evolves from here.

Story Continues  

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Build Your Own Galiano Gold Narrative

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include GAU.TO.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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