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Galantas Gold ( (TSE:GAL) ) has provided an announcement.
Galantas Gold Corporation reported a net loss of $5 million for the third quarter of 2025, a significant increase from the $740,629 loss in the same period in 2024. Despite zero sales revenue, the company noted a provisional revenue from concentrate sales, which is offset against development assets until commercial production begins. The company also reported a working capital deficit of $2.56 million, an improvement from the previous year’s deficit of $14.1 million. The financial results highlight ongoing challenges in achieving profitability, but the company continues to prioritize safety and regulatory compliance in its operations.
More about Galantas Gold
Galantas Gold Corporation operates in the mining industry, focusing on gold exploration and production. The company is known for its Omagh Gold project and is listed on the TSXV and AIM markets under the symbol GAL.
For a thorough assessment of GAL stock, go to TipRanks’ Stock Analysis page.