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Galantas Gold net losses narrow

By BFN News | 02:08 PM | Friday 29 May, 2015


Galantas Gold Corporation posts a net loss of C$414,099 for the first quarter to the end of March - down from C$502,100 a year ago. Revenue for the quarter consisted of jewellery sales and amounted to C$1,123 (2014: nil). Following the suspension of production during 2013 there have not been any shipments of concentrates from the mine. Cost of sales for the quarter amounted to C$69,997 (2014: C$77,234) and include production costs and inventory movements. Production costs were mainly in connection with the ongoing care and maintenance costs at the Omagh mine. At 2:08pm: (LON:GAL) Galantas Gold Corporation share price was -0.37p at 5.88p Story provided by StockMarketWire.com

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