VANCOUVER, BC, Aug. 23,
2022 /CNW/ - Galiano Gold Inc. ("Galiano" or "the
Company") (TSX: GAU) (NYSE American: GAU) announces the release
of its 2021 Sustainability Report (the "Report"), which marks its
continuous progress on environmental, social and governance topics
and outlines its vision for sustainability going forward.
In 2021, Galiano further expanded its sustainability efforts to
include an assessment of internal governance processes and
increased transparency on engagement with stakeholders on material
sustainability issues over the medium and long-term.
The Report has been prepared in accordance with the Global
Reporting Initiative ("GRI") Core Option. It details our efforts to
sustain progress by putting in place the policies, systems, and
processes to move towards a more responsible and sustainable
business model and highlights the achievements in 2021 in line with
our business strategy.
2021 Sustainability Report Highlights:
- Zero significant environmental incidents
- Zero fatalities and no operational downtime during the
pandemic
- 0.21 Total Recordable Injury Frequency Rate and 0.10 Lost Time
Injury Rate
- Completion of the International Cyanide Management Code (ICMC)
Certification
- Completion of third-party occupational health & safety and
security audits and the human rights impact assessment
- Commencement of the implementation of improvement measures
following the Climate Change Vulnerability Risk Assessment
- Workforce Development Plan (recruitment & training) nearing
completion
- Efficacy of malaria reduction program reviewed to identify the
ways program can be further improved
- Risk Management System reviewed and updated
- Completed the construction of the Esaase Community
Hospital
- Agreement with the Volta River Authority on the future
provision of solar power for up to 20% of our energy needs at the
mine site
- US$304.2m in-country procurement
spend supporting 337 Ghanaian businesses
Todd Romaine, EVP
Sustainability and Investor Relations, commented: "2021
was a transformational year for Galiano as we put in place enhanced
strategies and plans that provide the foundation for our long-term
success.
I am proud to report that we made significant improvements in
health and safety performance and reduced both our LTIFR by 50% and
TRIFR by over 20% compared to 2020.
Our climate change adaptation plan is progressing well with
the identified improvement actions already under implementation. We
are already implementing a number of key projects that will reduce
our carbon footprint, including the signing of an agreement with
the Volta River Authority on the provision of solar power for up to
20% of our energy needs at the mine site.
Our program efforts on human rights initiatives continue to
align with national laws and international norms. An independent
third-party audit was conducted in 2021 and subsequent to this, an
action log was developed to address areas of improvement that align
with evolving best practices.
With a sustainable business model grounded in stewarding the
Asanko Gold Mine, we strive for operational excellence while
reducing emissions, mitigating risks responsibly, and giving back
to the local Ghanaian economy.
To view or download a copy of the Report and the GRI register
please see the Sustainability section of the Galiano Gold website
at
https://www.galianogold.com/sustainability/reports-and-publications/default.aspx.
About Galiano Gold Inc.
Galiano is focused on creating a sustainable business
capable of long-term value creation for its
stakeholders through organic production growth, exploration,
and disciplined deployment of its financial resources. The company
currently operates and manages the Asanko Gold Mine, located in
Ghana, West Africa which is jointly owned with Gold
Fields Ltd. The Company is strongly committed to the highest
standards for environmental management, social responsibility, and
health and safety for 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 relating to the Company's
sustainability strategy; statements regarding the strategic
priorities and goals, targets, commitments and plans and
expectations regarding those goals, targets, commitments and plans;
and statements regarding the Company's future plans and goals in
the areas of sustainable and economic development, governance,
people, health, safety, security, internal and external audits,
environment and community development, including the Company's
future strategic, operational and sustainability objectives, goals
and performance targets, as well as the Company's ability to
implement such plans and ability to generate the desired results
therefrom. Such forward-looking statements are based on a
number of material factors and assumptions, including, but not
limited to: the Company and Gold Fields Ltd. will agree on the
manner in which the joint venture ("JV") will operate the Asanko
Gold Mine (the "AGM"), including agreement on development plans and
capital expenditures; the global financial markets and general
economic conditions will be stable and prosperous in the future;
the ability of the JV and the Company to comply with applicable
governmental regulations and standards; the mining laws, tax laws
and other laws in Ghana applicable
to the AGM and the JV will not change, and there will be no
imposition of additional exchange controls in Ghana; the success of the JV and the Company
in implementing its development strategies and achieving its
business objectives; the JV 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 contributions to the JV; and the key personnel
of the Company and the JV 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: risks associated with the Company ceasing
its mining operations during 2022; 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; the Company's
operations are subject to continuously evolving legislation,
compliance with which may be difficult, uneconomic or require
significant expenditures; the Company may be unsuccessful in
attracting and retaining key personnel; labour disruptions could
adversely affect the Company's operations; the Company's business
is subject to risks associated with operating in a foreign country;
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 properties may be subject to claims by
various community stakeholders; risks related to limited access to
infrastructure and water; the Company's primary asset is held
through a JV, which exposes the Company to risks inherent to joint
ventures, including disagreements with its JV partner and similar
risks; risks related to information systems security threats; 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 Toronto Stock Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this
release.
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SOURCE Galiano Gold Inc.