Galantas Gold Corporation recorded no revenue during Q2 2021 as the company focused on drilling to increase resource at the Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its unaudited financial results for Q2 2021, the Canadian miner recorded nil revenue (Q2 2020: nil). Concentrate sales provisional revenues of US$218,000 for Q2 2021 (Q2 2020: […]
Tag: Cavanacaw mine – Omagh – Northern Ireland
Galantas plans 4,000m underground and surface drilling
Galantas Gold Corporation is soon to start a surface and underground exploration programme of 4,000 metres diamond drilling at Cavanacaw gold mine in Omagh, Northern Ireland. UNDERGROUND Initial Phase I drilling will focus on the Kearney and Joshua veins, two of “many high-priority targets” on the company’s land package. Underground drilling on the Kearney vein […]
Galantas employs JDS to improve Cavanacaw
Galantas Gold Corporation has engaged JDS Energy & Mining Inc to work on Cavanacaw underground mine in Omagh, County Tyrone, Northern Ireland. JDS is a Canadian engineering, construction, and underground development company specialising in providing value-added solutions for mineral resource projects. The company will work with Galantas’ technical team to provide solutions on mine design […]
Galantas increases Q1 2021 concentrate shipment
Galantas Gold Corporation increased shipment of concentrate and slightly narrowed losses for the start of the year at Cavanacaw gold mine in Omagh, Northern Ireland. In its unaudited financial results ended 31 March 2021, the Canadian miner recorded a net loss of C$639,963 (Q1 2020: C$680,315). The miner recorded no revenue and held cash of […]
Galantas raises £4.7m via private placement
Galantas Gold Corporation completed its private placement to raise a total of C$7,998,980 (£4.7m) to increase operations at Cavanacaw gold mine in Omagh, Northern Ireland. The placement resulted in the issuance of 26,663,264 units at a price of C$0.30 per unit. PARTIES Eric Sprott, through his company Ontario Ltd, acquired 6,333,333 units for C$1,900,000 representing 8.6% in […]
Galantas records zero revenues and slight fall in losses
Galantas Gold Corporation announced no revenues and a marginal reduction in losses from Cavancaw mine in Omagh, Northern Ireland. In its audited annual financial results for the year ended 31 December 2020, the Canadian miner reported net losses of CA$3,228,452 (2019: $3,564,609). Galantas had a working capital deficit of CA$7,710,084 (2019: $6,093,200). Cash outflow from […]