Galantas Report Financial Results for the Quarter Ended September 30, 2025

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[{"type":"text","content":"Galantas Report Financial Results for the Quarter Ended September 30, 2025\n\n\n\n TORONTO, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the ‘Company’) is pleased to announce its unaudited financial results for the Quarter ended September 30, 2025.\n \n\n\n Financial Highlights\n \n\n\n Highlights of the third quarter 2025 results, which are expressed in Canadian Dollars, are summarized below:\n \n\n\n\n\n\n\n\n\n\n\n All figures denominated in Canadian Dollars (CDN$)\n \n\n\n\n Quarter Ended\n \n September 30\n \n\n\n\n\n\n\n 2025\n \n\n 2024\n \n\n\n\n Revenue\n \n\n $\n \n\n 0\n \n\n\n\n $\n \n\n 0\n \n\n\n\n\n\n Cost and expenses of operations\n \n\n $\n \n\n (15,569)\n \n\n\n\n $\n \n\n (22,283)\n \n\n\n\n\n\n Loss before the undernoted\n \n\n $\n \n\n (15,569)\n \n\n\n\n $\n \n\n (22,283)\n \n\n\n\n\n\n Depreciation\n \n\n $\n \n\n (90,576)\n \n\n\n\n $\n \n\n (110,126)\n \n\n\n\n\n\n General administrative expenses\n \n\n $\n \n\n (1,761,260)\n \n\n\n\n $\n \n\n (1,174,156)\n \n\n\n\n\n\n Foreign exchange gain (loss)\n \n\n $\n \n\n (106,064)\n \n\n\n\n $\n \n\n (26,553)\n \n\n\n\n\n\n Unrealized gain on derivative fair value adjustment\n \n\n $\n \n\n (156,025)\n \n\n\n\n $\n \n\n 592,489\n \n\n\n\n\n\n Gain on extinguishment of convertible debentures\n \n\n $\n \n\n 10,470\n \n\n\n\n $\n \n\n 0\n \n\n\n\n\n\n\n Loss on disposal of interest in subsidiaries\n \n\n\n $\n \n\n (2,885,663)\n \n\n\n\n $\n \n\n 0\n \n\n\n\n\n\n\n Net (Loss) for the quarter\n \n\n\n $\n \n\n (5,004,687)\n \n\n\n\n $\n \n\n (740,629)\n \n\n\n\n\n\n Working Capital Deficit\n \n\n $\n \n\n (2,557,662)\n \n\n\n\n $\n \n\n (14,098,845)\n \n\n\n\n\n\n Cash gain/(loss) from operating activities before changes in non-cash working capital\n \n\n $\n \n\n 146,134\n \n\n\n\n $\n \n\n 21,801\n \n\n\n\n\n\n Cash at September 30, 2025\n \n\n $\n \n\n 19,943\n \n\n\n\n $\n \n\n 383,011\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Sales revenue for the quarter ended September 30, 2025 amounted to $ Nil compared to revenue of $ Nil for the quarter ended September 30, 2024. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenues totalled US$ 566,000 for the third quarter of 2025 compared to US$ 528,000 for the third quarter of 2024. Until the mine commences commercial production,...

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