Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Galantas Gold Corp on Friday posted a narrowed net loss as its working capital deficit and administrative costs narrowed, but cash dropped significantly.
Net loss in the six-months to June 30 narrowed to C$3.0 million, around $2.3 million, from C$3.5 million a year prior, the Northern Ireland-focused gold producer said.
Working capital deficit decreased to C$3.7 million from C$4.5 million. Administrative expenses fell to C$2.6 million from C$3.2 million.
However, the Toronto-based firm's cash balance dropped to C$903,435 from C$6.1 million.
Galantas shares were 1.4% higher at 35.50 pence each in London on Friday morning.
Copyright 2022 Alliance News Limited. All Rights Reserved.