Galane Gold Ltd. is an unhedged gold producer and explorer with mining operations and exploration tenements in the Republic of Botswana and South Africa. We are committed to operating at world-class standards, focused on the safety of our employees, respecting the environment, and contributing to the communities in which we operate.
Galane Gold Ltd began trading on the Toronto Stock Exchange Venture Board in September 2011 after completing the acquisition of Gallery Gold Pty Ltd from IAMGOLD in August 2011. Gallery Gold Pty Ltdwas the 100% owner of Mupane Gold Mining (Pty) Ltd, a Botswana company that has been producing gold from the Mupane operation since 2005.
In November 2015 Galane acquired Galaxy Gold Ltd a South African company that is currently being rehabilitated with a target to recommence production in Q4 2016.
Galane Gold Ltd. has two primary objectives:
- To increase gold reserves and resources.
- To optimize the administrative, mining, and processing operations to reduce costs and maximize profits.
To expand the proven reserves and resources Galane Gold Ltd will focus on drilling extensions of known and in some cases previously mined deposits and through exploration drilling at sites with existing compelling drill data or that are otherwise highly prospective on the basis of other existing exploration data including soil analysis and aero-magnetic surveys. It is the view of management that this approach is far likelier to be successful than greenfield exploration and with the existing production infrastructure in place, the cost and risk of putting new discoveries into production is minimal.
The optimization of existing operations is centred on capital expenditures aimed at increasing mill throughput and higher recoveries and the implementation of management practices that will result in lower mining and processing costs.