CORRECT: Galantas Gold reports narrowed interim loss as costs reduce

(Correcting that Galantas Gold Corp's results were reported in CAD, not USD).

Galantas Gold Corp - owner and operator of a open pit gold mine in County Tyrone, Northern Ireland - Reports a net loss of CAD2.7 million - around GBP1.6 million- in the first half of 2023, narrowed from a loss of CAD3.0 million the year prior. Narrowed loss comes as the company's cost and expenses of operations reduce to CAD378,190 from CAD392,501 and firm records a foreign exchange loss of CAD59,720 compared to a gain the year prior. Reports no revenue, unchanged from a year prior.

Current stock price: 15.00 pence, down 3.2% in London on Tuesday afternoon

12-month change: down 59%

By Heather Rydings, Alliance News senior economics reporter

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Galantas Gold