The mining company has entered into a binding term sheet for a joint venture to develop its Omagh Gold Project in Northern Ireland, and announced a shares for debt transaction.
The mining company reported no revenue growth and a net loss for the quarter, with a declining cash position and increasing working capital deficit, suggesting ongoing challenges.
The gold miner reduced its annual losses but faces severe liquidity challenges. With a shrinking cash balance and widening working capital deficit, the company's financial stability remains uncertain.
Gold mining company reports quarterly loss, liquidity concerns persist
The gold miner reported zero revenue and increased losses for Q2 2024, with a widening working capital deficit and shrinking cash balance, despite maintaining strong safety and environmental compliance.
Gold exploration company Galantas plans to build a solar power facility at its Omagh project, potentially boosting efficiency and reducing costs.
Gold mining company completes successful trial stoping program, indicating potential for improved project economics.
Galantas Gold Corporation, a gold exploration and development company, reports its Q1 2024 results.
Galantas Gold plans to drill a new target area north of its Omagh mine site, aiming to uncover the potential to extend its high-grade gold resources.
Galantas Gold grants stock options to directors, employees, and consultants