07:20 AM EST, 11/27/2024 (MT Newswires) -- Galantas Gold ( GALKF ) said on Wednesday that its net loss narrowed to $740,629 in the third quarter from a loss of $1.3 million the previous year.

Revenue was nil as the company uses net proceeds from concentrate sales to offset against development assets until its mine commences commercial production.

Concentrate sales provisional revenues totaled US$197,000, dropping from US$333,000.

Cash inflow from operating activities before changes in non-cash working capital amounted to $21,801, declining from $1.1 million.

Galantas's share price rose 7.1% yesterday to $0.075 on the TSX Venture Exchange.