Galantas Gold Reports Increased Q2 Losses
Company Announcements

Galantas Gold Reports Increased Q2 Losses

Galantas Gold (TSE:GAL) has released an update.

Galantas Gold Corporation reported a net loss of $1,591,619 for Q2 2024, a slight increase from the $1,355,516 loss in Q2 2023. Despite the absence of sales revenue, the company started shipping concentrate in Q3 2019, with provisional revenues of US$ 124,000 for Q2 2024. The firm’s working capital deficit increased marginally to $12,593,186, with a cash balance of $395,514 by the end of the quarter.

For further insights into TSE:GAL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskGalantas Gold Unveils Solar Project Plan
TipRanks Canadian Auto-Generated NewsdeskGalantas Gold Shareholders Approve Key Resolutions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App