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Galantas Gold Net Loss Widens in Q1

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Galantas Gold (GAL.V) reported a widened net loss in the first quarter, on Tuesday.

For the three months ended March 31, 2026, the company reported net loss of $2.4 million compared with $1.2 million, a year earlier.

Sales revenue for the quarter amounted to $Nil compared to revenue of $Nil for the quarter ended March 31, 2025, it said. The company said that until the Indiana mine reaches commercial production, the net proceeds from concentrate sales are being offset against development assets.

Galantas Gold had a cash balance of $10.8 million at March 31, 2026, compared to $729,387 at March 31, 2025.

Shares of the company closed down 1.1% to $0.47 on Monday on the TSX Venture Exchange.

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