07:35 AM EDT, 05/30/2024 (MT Newswires) -- Galantas Gold ( GALKF ) on Thursday reported that its first-quarter net loss declined by more than 50% as expenses fell.

The company, which operates in Northern Ireland and Scotland, said the net loss for the quarter narrowed to $654,000, from a net loss of $1.4 million the year before. Cost and expense of operations fell to $17,300, from $50,000.

Like in the year-ago period, Galantas didn't book any revenue in the first quarter.

Galantas Gold ( GALKF ) traded 2.1% higher in the U.K. after rising 3.3% on Wednesday in Canada.