Company DescriptionGalantas Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Omagh, Northern Ireland. The company owns and operates a producing open-pit gold mine near Omagh, which covers an area of 189 square kilometers. It also produces by-products of silver and lead. The company was formerly known as European Gold Resources Inc. and changed its name to Galantas Gold Corporation in May 2004. Galantas Gold Corporation was founded in 1996 and is based in Toronto, Canada.

How the Company Makes Money

Galantas Gold Financial Statement Overview

Summary

Galantas Gold is facing significant financial challenges characterized by negative profitability and cash flow metrics. The company's current financial state points to operational inefficiencies and potential liquidity concerns. Although the mining industry often requires heavy upfront investment, the lack of revenue and ongoing losses suggest a need for strategic adjustments to improve financial health.

Income Statement

Very Negative

Galantas Gold shows significant challenges in profitability, with negative gross and net profit margins in the TTM (Trailing-Twelve-Months) period. Revenue growth is present but remains minimal, and EBIT and EBITDA margins are deeply negative, indicating operational inefficiencies. Overall, the company struggles with generating revenue and managing costs effectively, which is typical in the early stages of mining operations.

Balance Sheet

Negative

The company's debt-to-equity ratio is moderate, indicating a balanced use of debt and equity financing. However, the return on equity is negative due to losses, and the equity ratio is below 50%, suggesting a higher reliance on debt. The balance sheet reflects potential liquidity challenges, but the ongoing investment in assets hints at growth aspirations.

Cash Flow

Negative

Galantas Gold faces negative operating and free cash flow, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is negative, reflecting difficulty in converting income into cash. The negative cash flow metrics highlight potential liquidity risks in sustaining operations without further financing.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
2.73K	0.00	0.00	0.00	0.00	5.79K
	Gross Profit
-447.71K	-182.29K	-908.88K	-803.89K	-483.06K	-673.04K
	EBIT
-1.71M	-1.76M	-4.82M	-4.34M	-1.80M	-2.74M
	EBITDA
-4.19M	-2.54M	-14.52M	-3.94M	-1.58M	-2.48M
	Net Income Common Stockholders
-7.49M	-8.57M	-16.63M	-5.28M	-3.23M	-3.56M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.59M	2.59M	1.04M	1.07M	612.09K	1.91M
	Total Assets
32.58M	32.58M	30.34M	30.24M	23.72M	24.74M
	Total Debt
10.51M	8.04M	4.84M	4.66M	2.19M	3.08M
	Net Debt
7.91M	5.45M	3.80M	3.59M	1.57M	1.17M
	Total Liabilities
21.23M	21.23M	15.63M	10.85M	9.60M	10.51M
	Stockholders Equity
11.36M	11.36M	14.71M	19.39M	14.12M	14.22M
Cash Flow		Free Cash Flow
-3.59M	-5.15M	-12.10M	-7.24M	-2.09M	-8.29M
	Operating Cash Flow
-2.03M	-1.30M	180.01K	-1.72M	-1.86M	-1.80M
	Investing Cash Flow
-1.56M	-3.84M	-12.28M	-5.51M	-232.60K	-5.51M
	Financing Cash Flow
3.27M	6.62M	12.12M	7.70M	782.78K	3.07M

Galantas Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GAL		£5.88M	―	-19.70%	―	―	―
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
ICM	43 Neutral	C$7.38M	―	-14.93%	―	―	-101.09%
MCL	36 Underperform	C$5.02M	―	-16.69%	―	―	77.27%
VG	35 Underperform	C$6.38M	―	-102.04%	―	―	-15.08%
BTUMF		$6.48M	―	-3.77%	―	―	―
FNAUF		$5.91M	―	-67.37%	―	―	―

* Basic Materials Sector Average

Performance Comparison

GB:GAL

Galantas Gold

4.75

-4.50

-48.65%

TSE:ICM

Iconic Minerals

0.06

0.04

200.00%

TSE:MCL

McLaren Resources

0.06

0.02

50.00%

TSE:VG

Volcanic Gold Mines Inc

0.15

0.08

114.29%

BTUMF

BTU Metals Corp

0.04

0.02

100.00%

FNAUF

Four Nines Gold

0.20

0.01

5.26%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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