Toronto-listed Galiano Gold on Monday reported that Greg McCunn had stepped down as CEO and as director of the company and that he would be succeeded by COO Matt Baylak.

Galiano operates and manages the Asanko gold mine, in Ghana, which is jointly owned with Gold Fields.

Located in Ghana, West Africa, the Asanko Gold Mine is a joint venture with Gold Fields Ltd (JSE, NYSE: GFI). Galiano and Gold Fields both have a 45% economic interest in the mine, with the Government of Ghana holding the remaining 10%. Galiano is the manager and operator.

The Asanko Gold Mine is a multi-deposit complex, with two main deposits, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5Mtpa carbon-in-leach (CIL) processing plant. Gold production commenced in January 2016 and commercial production was declared on April 1, 2016.

In 2019, the mine exceeded the upper-end of guidance with record gold production of 251,044 gold ounces. In 2020 the mine is targeting approximately 245,000 ounces of gold production at all-in sustaining costs of approximately $1,150/oz (100% basis).

Approximately 2,600 people are employed at the mine. 99% of the total workforce are Ghanaians, of which around 53% are from our local communities.