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Rank #39 · NYSE:GAU
Mid-Tier Producer · Primary: Gold
Canada · Jurisdictions: Ghana
Canonical listing price
$2.19
+4.29%(+0.09 USD)
Updated 10/9/2026, 1:30:00 PM
Price data: Twelve Data
Gold · Mid-Tier Producer
vs Gold
1M +5.3 pp·3M +26.6 pp
vs GDX
1M +8.4 pp·3M -0.0 pp
1M vs Gold Miners group: +8.5 pp
Jurisdiction: Ghana · Market cap rank-only (licensing)
Close-based returns and relative performance in percentage points vs mapped metal/ETF. Not a buy/sell signal or price target.
Next report
Reporting calendar →FY2026 · Expected window 2028-03-15 → 2028-03-29
Expected window 2028-03-15 → 2028-03-29 (FY2026).
Valuation
Current market multiples relative to reported TTM financials. Peer context uses the Mining 50 Gold · Mid-Tier Producer group. Not fair value, price targets, or investment advice.
Historical Valuation
Point-in-time multiples at annual filing dates using prices and financials publicly available as of each date. Percentiles and medians use available history only — descriptive context, not fair value or investment advice.
P/FCF
EV/FCF
Historical chart
Each point is a filing-date snapshot — not a continuous daily valuation series.
Filing-date periodic snapshots · 5 observations · price source: Twelve Data
MINING50-HISTORICAL-VALUATION-1.0 · filing-date periodic
Balance Sheet & Capital Allocation
Annual FY trends from certified filing data. Descriptive direction and magnitude only — not a quality score or investment recommendation.
Cash
$108.33M
+$2.55M YoY (+2.4%)
Debt
$0
$-155.69M YoY (-100.0%)
Net Debt
Net Cash: $10.36M
Moved from $106.36M net debt to $10.36M net cash.
Share Count
259.8M
+2.7M shares YoY (+1.1%)
3-year share count change: +15.5% over 3 years
Capex / Revenue
25.7%
Prior year: 28.9%
FCF Conversion
27.3%
Prior year: -20.0%
FCF (FY)
$43.07M
+$54.23M YoY (+486.1%)
Higher Capex
Capital expenditures increased from $66.90M to $114.92M.
2024-12-31 → 2025-12-31
Debt Reduction
Total debt declined $155.69M (-100.0%) versus the prior year.
2017-12-31 → 2018-12-31
Operating Performance
Annual FY revenue, cash flow, capex, and margins from certified filing data. Descriptive trends only — not a quality score or investment recommendation.
Revenue
$447.77M
+$216.43M YoY (+93.6%)
Operating Cash Flow
$157.99M
+$102.25M YoY (+183.4%)
Free Cash Flow
$43.07M
Free cash flow moved from $-11.15M to $43.07M.
Capex
$114.92M
+$48.02M YoY (+71.8%)
OCF Margin
35.3%
Prior year: 24.1%
Change: +11.2 pp
FCF Margin
9.6%
Prior year: -4.8%
Change: +14.4 pp
Capex / Revenue
25.7%
Prior year: 28.9%
Revenue Increase
Revenue increased 93.6% versus the prior comparable period.
2024-12-31 → 2025-12-31
Operating Cash Flow Increase
Operating cash flow increased $102.25M (+183.4%) versus the prior comparable period.
2024-12-31 → 2025-12-31
Free Cash Flow Turned Positive
Free cash flow moved from $-11.15M to $43.07M.
2024-12-31 → 2025-12-31
Higher Capital Spending
Capital expenditures increased from $66.90M to $114.92M.
2024-12-31 → 2025-12-31
OCF Margin Increase
Operating cash flow margin moved from 24.1% to 35.3% (+11.2 pp).
2024-12-31 → 2025-12-31
Fundamental Changes
Deterministic changes from certified financial metrics. Descriptive only — not a quality score or investment recommendation.
Latest filing period: 6 material changes · 11 operating · 1 balance-sheet · 3 capital-allocation
FY2025 · Filed Mar 12, 2026
Revenue Increase
Revenue increased 93.6% versus the prior comparable period.
Official filing sourceOperating Cash Flow Increase
Operating cash flow increased $102.25M (+183.4%) versus the prior comparable period.
Official filing sourceFree Cash Flow Turned Positive
Free cash flow moved from $-11.15M to $43.07M.
Official filing sourceOCF Margin Increase
Operating cash flow margin moved from 24.1% to 35.3% (+11.2 pp).
Official filing sourceFCF Margin Increase
Free cash flow margin moved from -4.8% to 9.6% (+14.4 pp).
Official filing sourceHigher Capex
Capital expenditures increased from $66.90M to $114.92M.
Official filing sourceFY2024 · Filed Mar 12, 2026
Cash Build
Cash increased $50.51M (+91.4%) versus the prior year.
Official filing sourceOperating Cash Flow Turned Positive
Operating cash flow moved from $-3.63M to $55.75M.
Official filing sourceModules: mtf-trend, momentum, relative-strength · Last calculated: 10/12/2026, 10:41:11 AM
Price data provided by Twelve Data. Charts provided by TradingView. Grey Rabbit Scores and analysis are proprietary to Grey Rabbit Markets.
Gold · Mid-Tier Producer · factual only
| Company | Market Cap | Production | AISC | Net Debt / Cash |
|---|---|---|---|---|
| Galiano Gold Inc.(GAU) | $568.94M | 135.0 koz | $2,233/oz | $108.30M |
| Alamos Gold Inc.(AGI) | — | 610.0 koz | $1,524/oz | $423.00M |
| Aris Mining Corporation(ARIS) | — | 325.0 koz | $1,705/oz | $127.59M |
| B2Gold Corp.(BTG) | — | 895.0 koz | $1,584/oz | $217.90M |
| Centerra Gold Inc.(CGAU) | — | 265.0 koz | $1,614/oz | $529.00M |
| DRDGOLD Limited(DRD) | — | 145.0 koz | $1,716/oz | $72.00M |
| Eldorado Gold Corporation(EGO) | — | 540.0 koz | $1,664/oz | $405.70M |
Sorted by market cap then name — not a ranking. Comparable curated fields only.
Multi-period filing history is available on Pro. Latest TTM P&L above is public.
Derived: eligible price × ADR-aware shares · Galiano Gold Inc. · Derived: Debt − Cash · Through 2026-02-01 · Coverage 7/8 key fields · not live filing scrape · Filing-backed TTM P&L from SEC companyfacts (cached — not live scrape)
Periods: YE 2025 share capital statement · YE 2025 · FY 2026 attributable (90% of AGM 140–160 koz guide) · FY 2025 AGM AISC / oz sold · YE 2025 AGM P&P 1.97 Moz @ 100%; curated at 90% attributable · 2025-12-31
MINING50-MARKETCAP-1.0 · MINING50-NETDEBT-1.0 · MINING50-TTM-1.0 · MINING50-FCF-1.0 · MINING50-FCF-MARGIN-1.0
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