Last checked at 
(Sharecast News) - Galantas Gold updated the market on the Galantas Gold Mine in Northern Ireland on Tuesday, following the restart of concentrate processing on 26 May following a Covid-19 shutdown.
The AIM-traded firm said that, while underground mining remained suspended, current processing was using low-grade stock.
In the period from 26 May to 20 September, around 147 tonnes of concentrate was despatched, containing an estimated 551.5 troy ounces of gold.
Galantas said that in the third quarter ended 30 September, around 98 tonnes of concentrate was despatched, containing an estimated 386.2 troy ounces of gold.
All weights and contained metal estimates were provisional, and subject to confirmation, the board said.
It added that the estimated monthly recovery of gold to concentrate in the third quarter averaged 95.4%, with low-grade feed carrying a monthly estimated average of 2.14 grams of gold per tonne.
Environmental monitoring of operations was continuing to show "satisfactory results" within regulatory constraints, Galantas said.
"Active discussions continue with a number of potential partners regarding funding to provide the investment required for additional mine development and exploration," the board said in its statement.
"On-site inspections have been restricted by Covid-related matters."
At 0908 BST, shares in Galantas Gold Corporation were down 2.34% at 20.02p.
9 Aug 2022 15:27
IN BRIEF: Galantas Gold to raise CAD4 million to fund exploration
Galantas Gold Corp - Northern Ireland-focused gold producer - Intends to raise up to CAD4 million, around USD3.1 million, through a private placement of 8.9 million units at a price of 45 Canadian cents.
Read more