The mining company Galiano Gold plans to invest at least 17 million Canadian dollars, about 12.5 million dollars Americans, in gold exploration in Ghana. The announcement, made in a Press release published on Thursday, January 29, marks a 70% increase in the budget of exploration compared to the previous year, as the group seeks to increase the reserves of its Asanko gold mine.

The work scheduled for 2026 aims to update the lifespan of the mine and to allow the finalization, by 2027, of a new estimate of mineral reserves and resources. In this context, a a vast drilling program of 30,000 meters is planned on the Abore deposit, one of the major centers of Asanko. The objective is in particular to achieve a first estimate of underground mineral reserves by 2027.

In Esaase, another key deposit in the mining complex, Galiano plans to launch a 9,000 meter drilling campaign as early as February 2026. There also, an updated estimate of resources and reserves is expected in 2027. According to the latest assessment published in January 2025, Abore harbors approximately 458,000 ounces of gold in probable reserves, while Esaase has some 533,000 ounces, which together represent almost half of the approximately 2 million ounces of probable reserves at the Asanko mine. These reserves, what they are classified as “proven” or “probable”, constitute the most important indicator reliable volume of economically exploitable ore and serve as the basis for the assessment of the lifespan of a farm.

In its production plan unveiled in January 2025, Galiano Gold expects production between 180,000 and 210,000 ounces of gold in 2026, with a gradual increase to 260,000 ounces by 2029. This trajectory is largely based on the discovery of new resources from exploration programs. However, the company recalls that the success of drilling alone does not guarantee the achievement of objectives of production. This is evidenced by the recent revisions to the forecasts for 2025, initially set at between 130,000 and 150,000 ounces, but now capped at 125,000 ounces maximum