11:37 AM EST, 11/27/2024 (MT Newswires) -- Galantas Gold ( GALKF ) said on Wednesday its loss narrowed to $740,629 in the third quarter from a loss of $1.31 million the previous year.

Revenue was nil as the company uses net proceeds from concentrate sales to offset against development assets until its Omagh Gold Project in Northern Ireland begins 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 shares were last seen up $0.005 to $0.08 on the TSX Venture Exchange.

Price: 0.08, Change: +0.01, Percent Change: +6.67