Galane Gold (GG) - African Gold Player with 50% Insider Ownership
Matthew Gordon, Ptolemy Capital
4 Months ago
Galane Gold is a gold producer and explorer that has experienced a bit of success recently, though the share price has tailed off in the last few weeks. Galane Gold has gold mining operations and exploration tenements in Botswana and South Africa. These are two of the better gold mining jurisdictions in Africa.
Galane Gold was first listed on the CVE in September 2011, so this is a story 9 years in the making. The formation of the company was quite complicated, with Galane Gold acquiring Gallery Gold from IAMGOLD in August 2011, with Gallery Gold being the 100% owner of Botswanan gold producer, Mupane Gold Mining, which has been producing gold from the Mupane operation since back in 2005. Further acquisitions were made in 2015, as Galane Gold acquired Galaxy Gold, a South American gold player that restarted operations sometime in 2019.
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