Core Viewpoint - Galantas Gold Corporation reported its unaudited financial results for the third quarter of 2025, highlighting significant losses and operational challenges while maintaining a focus on safety and regulatory compliance [1]. Financial Performance - Revenue for the quarter ended September 30, 2025, was $0, consistent with the same period in 2024 [2]. - Total expenses for operations were $15,569, a decrease from $22,283 in 2024 [2]. - The net loss for the quarter was $5,004,687, compared to a loss of $740,629 in the same quarter of 2024 [3]. - The working capital deficit improved to $2,557,662 from $14,098,845 year-over-year [4]. - Cash at the end of the quarter was $19,943, down from $383,011 at the same time last year [4]. Operational Highlights - The company reported a cash inflow from operating activities before changes in non-cash working capital of $146,134, compared to $21,801 in 2024 [3]. - Concentrate sales provisional revenues for the third quarter of 2025 totaled US$566,000, slightly up from US$528,000 in the same quarter of 2024 [2]. Safety and Compliance - The company emphasized its commitment to safety, reporting a zero lost time accident rate since the start of underground operations [5]. - Environmental monitoring indicates a high level of regulatory compliance [5].
Galantas Report Financial Results for the Quarter Ended September 30, 2025
Globenewswire·2025-11-28 07:00