GHANA – Ghana-focused Galiano Gold, formerly Asanko Gold, has appointed Matt Badylak as Executive VP and Chief Operating Officer.
Recently, Galiano Gold released Q2 2020 financial results reporting a strong cash flow generation with operating cash flow of $48.8 million, and free cash flow2 of $22.6 million.
Accoriding to a report by Mining Weekly, Badlyak will be based in the company’s head office in Vancouver.
Badlyak’s appointment follows the recent death of former COO Josephat Zvaipa, who died after contracting Covid-19.
Prior to his appointment at Galiano Gold, Badylak’s served as the General Manager of Eldorado Gold’s Kisladag mine, in Turkey.
“With Matt’s experience in challenging the status quo and desire to drive operational efficiencies, he will be instrumental in leading the optimisation of the Asanko gold mine,” commented Galiano Gold CEO Greg McCunn.
At Kisladag, Badylak was responsible for multiple cost saving initiatives and optimisation of the heap leaching operations.
This, according to a statement from Galiano Gold, allowed the company to avoid construction of a capital-intensive milling facility and extend the operation of the heap leach.
Prior to his role at Kisladag, he held various corporate and operations management roles in Eldorado Gold.
Badlyak holds a Bachelor of Science in Extractive Metallurgy & Chemistry from Murdoch University in Perth and is a member of the Australian Institute of Mining and Metallurgy.
Galiano and South Africa based 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.
It also has a 5Mtpa carbon-in-leach (CIL) processing plant. Gold production commenced in January 2016 and commercial production was declared on April 1, 2016.
The mine’s target for 2020 is 225,000 to 245,000 ounces of gold production at all-in sustaining costs of $1,000 to $1,100/oz (100% basis).
Approximately 2,400 people are employed at the mine. 99% of the total workforce are Ghanaians, of which around 41% are from our host communities.
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