Galiano (GAU) Soars 20.89% on Gold Rush

We recently published 10 Small Caps With Big Double-Digit Gains. Galiano Gold Inc. (NYSEAmerican:GAU) is one of the top performers of last week.

Galiano soared by 20.89 percent week-on-week as investors loaded portfolios amid the rally in gold prices, fueled by increasing hopes for an interest rate cut.

The stock jumped alongside its counterparts as investors placed early bets ahead of the US central bank’s last meeting for the year—on December 9 and 10—where a 25-basis point interest rate cut is expected.

Galiano Gold Inc. (NYSEAmerican:GAU) stands to benefit from the lower rates, as it typically weakens the US dollar, making precious metals such as gold and silver cheaper and more attractive to foreign investors. This, in turn, could bolster sales of gold producers.

Galiano (GAU) Soars 20.89% on Gold Rush

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In other recent developments, Galiano Gold Inc. (NYSEAmerican:GAU) reaffirmed positive results at its ongoing exploration of the Asanko Gold Mine in Ghana.

Latest data said that the site continues to show significant high-grade intercepts demonstrating continuity of mineralization within new ore shoots identified in 2025 that lie below the existing Mineral Reserve and Mineral Resource.

Following the initial exploration results, Galiano Gold Inc. (NYSEAmerican:GAU)  said its board of directors approved an additional budget amounting to $3.1 million to drill an additional 11,000 meters by the end of the year.

The total cost is expected to further delineate continuity of high-grade mineralized zones and increase drilling density to convert zones of inferred resources, among others.

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Disclosure: None. This article is originally published at Insider Monkey.