Galantas Gold (TSE:GAL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:GAL stock, check out TipRanks’ Stock Analysis page.