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 […]
Tag: Galantas Gold Corporation
Galantas to raise up to £3.8m for Cavanacaw
Galantas Gold Corporation announced a proposed private placement to finance full commercial production and increase high grade resource at Cavanacaw mine in Omagh, Northern Ireland. PLACEMENT The private placement consists of a minimum of 17 to 22 million units at C$0.30 (17p) per unit, where each unit comprises one common share and one warrant. The […]
Galantas to appoint Brent Omland as a director
Galantas Gold Corporation is to appoint Brent Omland to the board of directors on the closing date of a private placement announced today. Mr Omland is a Canadian chartered accountant and is currently chief financial officer of metals trading company Ocean Partners. He has 15 years’ experience in the mining, metals and trading sectors and […]
Galantas new CEO to bolster Cavanacaw operations
Galantas Gold Corporation’s proposed new chief executive announced he would introduce a stronger operational team for the Canadian company at Cavanacaw mine in Omagh, Northern Ireland. Mario Stifano will replace current CEO Roland Phelps who is to retire on the closing date of a private placement announced today. The Canadian mining executive has previously raised […]
Galantas Gold chief executive Roland Phelps to retire
Galantas Gold Corporation announced that Roland Phelps will retire as the company’s chief executive officer and as a member of the board of directors. He will be replaced by Canadian mining executive Mario Stifano on the closing date of a proposed private placement of company shares. Metals trading company Ocean Partners Ltd‘s chief financial officer […]
Galantas finds higher gold grade feed at Kearney vein
Galantas Gold Corporation announced a feed of higher gold grade from the Kearney vein than existing feed at Cavanacaw mine in Omagh, County Tyrone. INCREASE The Canadian miner added it continued to work with third parties to finance an expansion of the mine. The grade of the limited feed produced from underground, based on concentrate […]