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(Correcting that Galantas Gold Corp’s results were reported in CAD, not USD).
Galantas Gold Corp - owner and operator of a open pit gold mine in County Tyrone, Northern Ireland - Reports a net loss of C$2.7 million - around £1.6 million- in the first half of 2023, narrowed from a loss of C$3.0 million the year prior. Narrowed loss comes as the company’s cost and expenses of operations reduce to C$378,190 from C$392,501 and firm records a foreign exchange loss of C$59,720 compared to a gain the year prior. Reports no revenue, unchanged from a year prior.
Current stock price: 15.00 pence, down 3.2% in London on Tuesday afternoon
12-month change: down 59%
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