Galantas Report Financial Results for the Quarter Ended June 30, 2025

Core Viewpoint - Galantas Gold Corporation reported its unaudited financial results for the second quarter of 2025, highlighting a significant reduction in losses compared to the same period in 2024, despite no revenue generated from concentrate sales [1][2][3]. Financial Highlights - Revenue for the quarter ended June 30, 2025, was $0, consistent with the same quarter in 2024 [2]. - Total costs and expenses of operations decreased to $14,471 in Q2 2025 from $30,318 in Q2 2024, indicating improved cost management [2]. - The net loss for the quarter was $710,035, a substantial decrease from the loss of $1,591,619 in the same quarter of 2024, reflecting a positive trend in financial performance [3]. - Cash loss from operating activities before changes in non-cash working capital was reduced to $151,930 in Q2 2025 from $961,910 in Q2 2024, showing improved operational efficiency [3]. - The working capital deficit increased to $18,510,440 as of June 30, 2025, compared to $12,593,186 a year earlier, indicating ongoing financial challenges [3]. - Cash balance at June 30, 2025, was $245,085, down from $395,514 at the same date in 2024, reflecting liquidity pressures [3]. Operational Safety and Compliance - The company prioritizes safety, maintaining a zero lost time accident rate since the start of underground operations, and demonstrates high levels of regulatory compliance through environmental monitoring [4].