Galane gold is a little goldproducer with an operation in botswana . The mupane mine produces between 30 and 35 000 ounces / year.
The all in all costs are about between 1050 and 1100 Dollar . Because of the higher goldprice the mine produced enough cash flow last years to reduce debt , finance exploration to increase the life of mine . Beside the mine galane made a deal with B2 Gold to explore the big area of almost 1200 km2 at the tati green stone belt .
2015 galane aquired the galaxy mine in south africa , which is now a cornerstone asset of galane . Between 2015 and 2018 galane made plans and funding to recommennce production . Beside galane made a PEA with fantastic economics . IRR at 1700 Dollar gold price almost 1500 % . low all in all costs at about 747 Dollar with a production of about 43000 ounces / year .
The galaxy mine has now a resource of almost 2,5 Million ounces of gold . This does mean that 43000 ounces / year is not the last possibility
to increase the production. ( In an interview the Ceo said , galaxy is a mine for at least 100 years minelife ) The plan is now ( two pases ) to increase production at galaxy 2021 and beyond to a level at 43000 ounces / year . This mine will be a cash cow for galane .Means galane will be soon debtfree and can further explore the huge area at galaxy and can make further plans to increase production to a 50 000 ounces + / year mine !
In March 2021 galane made another high quality deal . They aquired a gold -silver mine in new mexico with highly profitable economics .
Located in New Mexico, USA, a low-risk mining jurisdiction with a long history of support for gold and silver mines. The summit mine will produce about 16 000 ounces of gold and about 1 Million ounces of silver , 6 years long . The explorationpotential to increase further the life of min is ver good .
Nick Brodie, CEO of Galane Gold, commented, “The management team is excited to now have an additional opportunity to increase Galane’s production, lower its operating costs and diversify its country risk. This 17 Million Dollar deal ( financed threw private placement , shares and cash ) is a perfect deal for galane to reduce the country risks . Summit will be the next cash cow of galane with under 600 Dollar all in all costs goldequivalent .
Galane will be a 100 000 ounce goldeqivalent producer in three years . A rerating of the SP will follow .
At 1800 Dollar ( goldprice) galane will make a free cash flow of over 100 Million US Dollar free cash flow / year.
AT 2500 Dollar ( goldprice ) over 170 Million US Dollar free cash flow .
What does this mean for the marketcap : Galane is real multibagger chance for investors . I am long here . It is hard to find a goldproducer with such a huge production increase in the next years . ( over 200 % with further potential exspecially at the galaxy mine )
