9th Jul 2020 14:30
Galantas Gold Corp - Toronto-headquartered gold miner - Posts a narrowed loss for the first quarter ended March 31. Net loss was CAD680,315, around GBP397,731, versus CAD779,517 loss a year ago. The company said no revenue was realised, while concentrate sales provisional revenue were around USD186,000, until the mine commences commercial production. Net proceeds from concentrate sales are being offset against development assets. Cash held as at the end of March was USD936,560.
Current stock price: 17.50 pence
Year-to-date change: up more than 100% - 1.25p on January 2.
By Ife Taiwo; [email protected]
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