12:01 PM EDT, 03/26/2025 (MT Newswires) -- (Updates shares.)

Liberty Gold ( LGDTF ) late on Tuesday reported a narrower fourth-quarter loss.

The company's loss from continuing operations narrowed to US$16.7 million, or US$0.05 per share, from a loss of US$18.6 million, or US$0.06, in the year-prior quarter.

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.

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. The transaction is scheduled to close in the third quarter.

Liberty's shares were last seen down $0.015 to $0.35 on the Toronto Stock Exchange.

Price: 0.34, Change: -0.02, Percent Change: -5.56