07:20 AM EDT, 08/29/2025 (MT Newswires) -- Galantas Gold ( GALKF ) said on Friday that its net loss narrowed in the second quarter.

The company booked a net loss of $710,035 for the quarter ended June 30, compared to a year-ago loss of $1.6 million.

Revenue remained nil while the company recognized a foreign exchange gain of $656,841 compared to a forex loss of $31,399 last year.

Concentrate sales provisional revenues totaled nil for the second quarter compared to US$124,000 for the second quarter of 2024.

Until Galantas' Omagh gold mine in Northern Ireland commences commercial production, the company said net proceeds from concentrate sales are being offset against development assets.