Galiano Gold Inc. announced the acquisition of Gold Fields Limited's 45% interest in the Asanko Gold Mine (AGM), making Galiano the sole operator of one of West Africa's largest gold mines. The deal, valued at $170 million, comprises $20 million in Galiano shares, $65 million in cash from the joint venture's cash balance, and up to $85 million in future cash considerations, along with a 1% net smelter return royalty on 447,000 ounces of gold production from the Nkran deposit. This transaction doubles Galiano's attributable gold production and reserves, aiming for an average annual gold production of 240,000 ounces from 2024 to 2030, with a robust financial position of approximately $130 million in pro forma consolidated cash and no debt. The Acquisition, set to close in Q1 2024, is subject to regulatory approvals, including the TSX and NYSE American stock exchanges and the Ministry of Lands & Natural Resources of Ghana. This strategic move is expected to significantly enhance shareholder value by consolidating AGM, reducing equity dilution, and offering a substantial rerate opportunity. Galiano's post-acquisition ownership will be 90%, with the Government of Ghana holding the remaining 10%.