Galane Gold: A Deeply Undervalued Gold Producer
Galane Gold (hereinafter referred to as 'Galane' or 'the Company') is an unhedged low-risk gold producer with 2 operating mines in Southern Africa. Source: Company Presentation In 2019, Galane produced 33,200 ounces of gold comprising 30,300 ounces from Mupane Gold Mine ('Mupane') in Botswana and 2,900 ounces from Galaxy Gold Mine ('Galaxy') in South Africa. Both mines are 100% owned by the Company. Galane is listed at the TSX Venture Exchange under the symbol 'GG' and currently trades at CAD 0.08. Near Term Catalysts Q4 2019 Financials: I expect Galane to deliver a third consecutive quarter of profits following on from net earnings of USD 163,000 and USD 484,000 in Q2 & Q3 2019 respectively. Results should be out by mid April. Commissioning of a new 30,000 tonnes per month processing plant at Galaxy is expected in May, doubling the current capacity and marking the completion of the 1st phase of expansion. P...