Northwire Canada EditionSaturday, November 14, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Earnings

Galantas Gold's Sept. 30 cash at $19,943

By The Northwire Desk — AI Analysis Nov 28, 2025 · 09:49 GAL · 0.08 Galantas Gold Corporation
GAL · Price

Executive Summary

  • Galantas Gold Corp. reported unaudited financial results for the quarter ended September 30, 2025, showing a significant increase in net loss compared to the same period in 2024.
  • The company recorded a loss on disposal of interest in subsidiaries amounting to $2,885,663, with Flintridge and Omagh now classified as investments in associates.
  • Cash reserves dropped sharply to $19,943 at quarter-end, down from $383,011 in the prior year period, while concentrate sales provisional revenues increased slightly to $566,000 (U.S.).

Key Details

  • Net Loss: The net loss for Q3 2025 was $5,004,687, compared to a loss of $740,629 in Q3 2024.
  • Cash Position: Cash balance decreased to $19,943 at September 30, 2025, from $383,011 at September 30, 2024.
  • Working Capital: The working capital deficit improved to $2,557,662 at September 30, 2025, compared to a deficit of $14,098,845 in the previous year period.
  • Concentrate Sales: Provisional revenues from concentrate sales totaled $566,000 (U.S.) for Q3 2025, up from $528,000 (U.S.) in Q3 2024. These proceeds are offset against development assets until commercial production begins.
  • Loss on Disposal: A loss on disposal of interest in subsidiaries was recorded at $2,885,663 for Q3 2025 (nil in prior period).
  • Operational Status: Flintridge and Omagh are now shown under "investment in associates" on the balance sheet.
  • Safety & Compliance: The company maintains a zero lost-time accident rate since the start of underground operations and reports high levels of regulatory compliance in environmental monitoring.
  • Cash Flow from Operations: Cash inflow from operating activities before changes in non-cash working capital was $146,134 for Q3 2025, compared to $21,801 in Q3 2024.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

More from Galantas Gold Corporation

Nov 12, 2026 · 09:21

Galantas Gold Intersects 1.18 g/t Gold over 18 Meters at Indiana in Newly Discovered Skarn

Drill Results Nov 09, 2026 · 02:01

Galantas reports high-grade, narrow core intersections at the Andacollo infill program, confirming the deposit's grade continuity.

Drill Results Nov 05, 2026 · 09:01

Galantas upgrades its London Stock Exchange listing to the Main Market, signalling ambitions to operate as a mid-tier producer in the mining sector.

Regulatory Nov 04, 2026 · 17:36

Galantas secures $10m advance facility and related-party doré sales to fund the Andacollo restart.

Other Oct 14, 2026 · 08:01

Galantas expands its Indiana project footprint with new drill results, though a deferred preliminary economic assessment delays potential valuation catalysts.

Drill Results Sep 10, 2026 · 08:31

Galantas has commenced drilling at its Andacollo project in Chile, advancing the restart of the mine toward a targeted 2027 production start date.

Drill Results