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Galantas Gold ( (TSE:GAL) ) has issued an announcement.
Galantas Gold Corporation reported its financial results for the year ended December 31, 2024, showing a net loss of $1.49 million, a significant improvement from the $8.57 million loss in 2023. Despite no sales revenue, the company managed to reduce its losses through gains on derivative fair value adjustments and reversals of impairments. The company continues to face a working capital deficit, which increased to $16.22 million by the end of 2024. Additionally, Galantas received further financial support from Melquart Ltd., a substantial shareholder, through advances in 2024 and 2025, which are under review for fairness to shareholders.
More about Galantas Gold
Galantas Gold Corporation operates in the mining industry, focusing on gold exploration and production. The company is known for its operations at the Omagh Gold project and is listed on the TSXV and AIM under the symbol GAL.
YTD Price Performance: 7.69%
Average Trading Volume: 60,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.02M
For an in-depth examination of GAL stock, go to TipRanks’ Stock Analysis page.