Galantas Gold (TSE:GAL) has released an update.
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Galantas Gold Corporation reported a net loss of CAD $653,616 for the first quarter of 2024, a significant improvement from the CAD $1,393,614 loss in the same quarter of 2023. Despite the loss, the company has maintained a strong commitment to safety and environmental compliance in its operations, with zero lost time accidents and high regulatory compliance. The company also saw a decrease in cash reserves, ending the quarter with CAD $1,288,200 compared to CAD $2,516,822 the previous year.
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