April 30, 2025: Galantas Gold Corporation (the ‘Company’) is pleased to announce its audited financial results for the year ended December 31, 2024.

A copy of the Financial Statements and Management Discussion and Analysis will be sent to shareholders in due course and are available on the Company’s website at www.galantas.com/investors.

Financial Highlights

Highlights of the 2024 results, which are expressed in Canadian Dollars, are summarized below:

All figures denominated in Canadian Dollars (CDN$)

Year Ended
December 31 2024 2023
Revenue $ 0 $ 0
Cost and expenses of operations $ (112,568) $ (182,295)
Loss before the undernoted $ (112,568) $ (182,295)
Depreciation $ (434,912) $ (515,003)
General administrative expenses $ (4,611,618) $ (4,243,507)

Foreign exchange gain (loss) $ (561,986) $ (233,651)
Unrealized gain on derivative fair value adjustment $ 1,870,422 $ 241,886

(Reversal) / Impairment of property, plant and equipment and exploration and evaluation assets $ 3,250,867 $ (3,635,570)
Write-down of prepaid expenses $ 888,889 $ 0
Net (Loss) for the year $ (1,488,684) $ (8,568,140)
Working Capital Deficit $ (16,218,988) $ (12,599,514)
Cash gain/(loss) from operating activities before changes in non-cash working capital $ (1,098,038) $ (1,788,453)

Cash at December 31, 2024 $ 525,643 $ 2,593,265

see & read more on
https://galantas.com/news/galantas-report-annual-financial-results-for-the-year-ended-december-31-2024/