Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) reported an uptick in cash in the first quarter of the year.
According to a statement, the gold miner had cash of C$2.5mln as of 31 March 2023, compared to C$2.4mln a year earlier.
The net loss shrank to C$1.3mln from C$1.4mln.
No revenues were made in the first quarter, it said, due to proceeds from concentrate sales being offset against development assets. It said it will continue to do so until the mine reaches commercial production.