06:53 AM EDT, 03/26/2025 (MT Newswires) -- Liberty Gold ( LGDTF ) late on Tuesday reported a narrower fourth-quarter net loss.

The net loss from continuing operations was US$16.7 million, or a loss of US$0.05 per share, narrowing from a loss of US$18.6 million, or a loss of US$0.06 per share.

Highlights of the final quarter of 2024 include the closing of the sale of the TV Tower project in northwest Turkey in October 2024. The first of three staged consideration payments amounting to US$3.7 million was received on Oct. 4, 2024. Another US$2.2 million will be received on Oct. 4, 2025, and US$2.6 million on Oct. 4, 2026.

Liberty also announced results of a preliminary feasibility study and a first-time mineral reserve for the Black Pine project in October 2024.

The company released results from field sampling at the Antimony Ridge target area in November 2024, significantly increasing the size and grade of the known antimony mineralized zone at Goldstrike.

Liberty plans to spin out Goldstrike and the adjacent Antimony Ridge discovery into a separate entity, as announced Feb. 11. The deal is scheduled for completion in the third quarter.