Galantas Gold losses nearly double as revenue slumps

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Gold mining company Galantas Gold reported wider losses as a plunge in revenue amid production disruptions weighed on performance.

For the year ended December 31, pre-tax losses widened to C$215,903 from C$113,815 as revenue fell 92% to C$5.8m on-year.

During 2019, the Omagh gold mine 'continued limited production of gold concentrate from feed produced in the development of the Kearney vein,' the company said.

At 9:33am: (LON:GAL) Galantas Gold Corporation share price was -0.5p at 19.5p