Galiano GOLD Releases Annual 2021 Sustainability Report
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GALIANO GOLD RELEASES ANNUAL 2021
SUSTAINABILITY REPORT
Vancouver, BC, August 23rd, 2022 - Galiano Gold Inc. (“Galiano” or “the Company”) (TSX:GAU)
(NYSE American: GAU) announces the release of its 202 1 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 int ernal
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”) C ore
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
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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 Mi ne,
located in Ghana, West Africa which is join tly owned with Gold Fields Ltd. The C ompany is
strongly committed to the highest standards for environmental management, social
responsibility, and health and safety for its employees and neighbouring communi ties. For
more information, please visit www.galianogold.com.
Enquiries:
Todd Romaine
EVP Sustainability and Investor Relations
T
elephone: 1
-6
04
-416-0
088
E
mail: [email protected]
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
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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 s uch as “s eek”, “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 expect ations regarding those goals, targets, commitments and plans; and statements regarding the
Company’s future plans and goals in the areas of sustainable and economic develo pment, governance, people,
health, safety, security, internal and external audits, environment and community development, including the
Company’s future strategic, operational and sustainability objec tives, 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 ventur e (“JV”) will operate the A sanko
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 t he
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 a dditional
exchange controls in Ghana; the s uccess 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 basi s and the Company will continue to have suf ficient 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 involv e 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 f orward-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 w hich 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 evo lving 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 w eather events may cause prolonged disruption to the delivery of essential commodities w hich 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 acc ess to infrastructure and water; the Compan y'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 t hreats; 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 des cribed in the forward- looking statements, y ou 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
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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.
Source: Galiano Gold Inc.