Galantas Reports Financial Results for the Quarter Ended September 30, 2023
Galantas Reports Financial Results for the Quarter Ended September 30, 2023
TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the 'Company') is pleased to announce its unaudited financial results for the Quarter Ended September 30, 2023.
多倫多，2023年11月29日（GLOBE NEWSWIRE）——加蘭塔斯黃金公司（以下簡稱 “公司”）欣然宣佈其截至2023年9月30日的季度未經審計的財務業績。
Financial Highlights
財務要聞
Highlights of the third quarter 2023 results, which are expressed in Canadian Dollars, are summarized below:
以加元表示的2023年第三季度業績要點總結如下：
| All figures denominated in Canadian Dollars (CDN$) | Quarter Ended September 30 |
Nine Months Ended September 30 |
||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||
| Revenue | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||
| Cost and expenses of operations | $ | (24,728 | ) | $ | (86,442 | ) | $ | (147,824 | ) | $ | (200,076 | ) |
| Loss before the undernoted | $ | (24,728 | ) | $ | (86,442 | ) | $ | (147,824 | ) | $ | (200,076 | ) |
| Depreciation | $ | (135,597 | ) | $ | (196,178 | ) | $ | (390,691 | ) | $ | (475,045 | ) |
| General administrative expenses | $ | (858,600 | ) | $ | (1,179,927 | ) | $ | (3,289,260 | ) | $ | (3,764,038 | ) |
| Foreign exchange (loss) / gain | $ | (294,430 | ) | $ | (96,277 | ) | $ | (234,710 | ) | $ | (112,645 | ) |
| Net Loss for the period | $ | (1,313,355 | ) | $ | (1,555,824 | ) | $ | (4,062,485 | ) | $ | (4,551,804 | ) |
| Working Capital (Deficit) | $ | (14,010,771 | ) | $ | (714,865 | ) | $ | (14,010,771 | ) | $ | (714,865 | ) |
| Cash (loss) / profit from operating activities before changes in non-cash working capital | $ | (1,088,096 | ) | $ | (324,827 | ) | $ | (1,088,096 | ) | $ | (3,003,660 | ) |
| Cash at September 30, 2023 | $ | 609,047 | $ | 3,567,196 | $ | 609,047 | $ | 3,567,196 | ||||
| 所有數字均以加元 (CDN$) 計價 | 季度已結束 9 月 30 日 |
九個月已結束 9 月 30 日 |
||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||
| 收入 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||
| 運營成本和支出 | $ | (24,728) | ) | $ | (86,442) | ) | $ | (147,824) | ) | $ | (200,076) | ) |
| 被低估之前的損失 | $ | (24,728) | ) | $ | (86,442) | ) | $ | (147,824) | ) | $ | (200,076) | ) |
| 折舊 | $ | (135,597) | ) | $ | (196,178 | ) | $ | (390,691) | ) | $ | (475,045) | ) |
| 一般管理費用 | $ | (858,600) | ) | $ | (1,179,927 | ) | $ | (3,289,260 | ) | $ | (3,764,038 | ) |
| 外匯（虧損）/收益 | $ | (294,430) | ) | $ | (96,277) | ) | $ | (234,710) | ) | $ | (112,645) | ) |
| 該期間的淨虧損 | $ | (1,313,355) | ) | $ | (1,555,824 | ) | $ | (4,062,485) | ) | $ | (4,551,804) | ) |
| 營運資金（赤字） | $ | (14,010,771) | ) | $ | (714,865) | ) | $ | (14,010,771) | ) | $ | (714,865) | ) |
| 非現金營運資金變動前的現金（虧損）/經營活動利潤 | $ | (1,088,096 | ) | $ | (324,827) | ) | $ | (1,088,096 | ) | $ | (3,003,660) | ) |
| 2023 年 9 月 30 日的現金 | $ | 609,047 | $ | 3,567,196 | $ | 609,047 | $ | 3,567,196 | ||||
Sales revenue for the quarter ended September 30, 2023 amounted to $ Nil compared to revenue of $ Nil for the quarter ended September 30, 2022. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenues totalled US$ 333,000 (CAD$ 450,000) and US$ 849,000 (CAD$ 1,148,000) during the three and nine months ended September 30 2023 compared to US $ 183,000 and US$ 329,000 for the three and nine months ended September 30, 2022. Until the mine commences commercial production, the net proceeds from concentrate sales are being offset against development assets.
截至2023年9月30日的季度銷售收入爲零美元，而截至2022年9月30日的季度收入爲零。濃縮液於2019年第三季度開始發貨。在截至2023年9月30日的三個月和九個月中，集中銷售臨時收入共計爲33.3萬美元（45萬加元）和84.9萬美元（合11.48萬加元），而截至2022年9月30日的三個月和九個月分別爲18.3萬美元和32.9萬美元。在該礦開始商業化生產之前，精礦銷售的淨收益將被開發資產抵消。
The Net Loss for the quarter ended September 30, 2023 amounted to $ 1,313,355 (2022: $1,555,824) and the cash outflow from operating activities before changes in non-cash working capital for the quarter ended September 30, 2023 amounted to $ 1,088,096 (2022: $ 324,827). The main difference in the reduction in net loss is due to a reduction in the value attributed to stock based compensation, an increase in financing activities from 2022 and a foreign exchange loss as a result of movement in the CAD$:Stg£ exchange rate.
截至2023年9月30日的季度，淨虧損爲1,313,355美元（2022年：1,555,824美元），截至2023年9月30日的季度非現金營運資金變化前的運營活動現金流出爲1,088,096美元（2022年：324,827美元）。淨虧損減少的主要區別在於股票薪酬的價值減少，自2022年以來融資活動增加，以及加元兌新加坡元匯率變動導致的外匯損失。
The Company had a cash balance of $ 609,047 at September 30, 2023 compared to $ 3,567,196 at September 30, 2022. The working capital deficit at September 30, 2023 amounted to $ 14,010,771 compared to a working capital deficit of $ 714,865 at September 30, 2022.
截至2023年9月30日，該公司的現金餘額爲609,047美元，而截至2022年9月30日，該公司的現金餘額爲3567,196美元。截至2023年9月30日，營運資金赤字爲14,010,771美元，而截至2022年9月30日，營運資金赤字爲714,865美元。
The detailed results and Management Discussion and Analysis (MD&A) are available on and and the highlights in this release should be read in conjunction with the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting the business and risk factors.
詳細業績和管理層討論與分析 (MD&A) 可在和上查閱，本新聞稿中的重點內容應與詳細業績和 MD&A 一起閱讀。MD&A 對與前幾個時期的比較以及影響業務和風險因素的趨勢進行了分析。
Qualified Person
The financial components of this disclosure has been reviewed by Alan Buckley (Chief Financial Officer) and the production and permitting components by Brendan Morris (COO), qualified persons under the meaning of NI. 43-101. The information is based upon local production and financial data prepared under their supervision.
合格人員
本披露的財務部分已由艾倫·巴克利（首席財務官）審查，生產和許可部分已由NI. 43-101所指的合格人員布倫丹·莫里斯（首席運營官）進行了審查。這些信息基於在其監督下編制的當地生產和財務數據。
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including revenues and cost estimates, for the Omagh Gold project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas's forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.
關於前瞻性陳述的特別說明：本新聞稿包含1995年《美國私人證券訴訟改革法》和適用的加拿大證券法所指的前瞻性陳述，包括Omagh Gold項目的收入和成本估算。前瞻性陳述基於加蘭塔斯根據其對歷史趨勢、當前狀況和預期未來發展的經驗和看法，以及加蘭塔斯認爲適合情況的其他因素做出的估計和假設。許多因素可能導致加蘭塔的實際業績、業績或成就與前瞻性陳述或戰略所表達或暗示的存在重大差異，包括：黃金價格波動；實際和估計產量、實際和估計的冶金回收率和產量之間的差異；採礦運營風險、地質不確定性；監管限制，包括環境監管限制和責任；主權參與風險；黃金勘探的投機性質；稀釋；競爭；關鍵僱員的流失或空缺；額外的資金需求；規劃和其他許可問題方面的不確定性；礦產索賠或財產的所有權存在缺陷。在不時向加拿大省級證券監管機構和其他監管機構提交的文件中，在Galantas對Galantas和其他機構財務報表的管理討論與分析中，題爲 “風險因素” 的部分更詳細地討論了這些因素以及其他可能影響加蘭塔斯前瞻性陳述的因素。應仔細考慮這些因素，審查本新聞稿的人不應過分依賴前瞻性陳述。除非法律要求，否則Galantas無意也沒有義務更新或修改本新聞稿中的任何前瞻性陳述。
Enquiries
查詢
Galantas Gold Corporation
Mario Stifano – CEO
Email: info@galantas.com
Website:
Telephone: 001 416 453 8433
加蘭塔斯黃金公司
馬里奧·斯蒂法諾 — 首席執行官
電子郵件：info@galantas.com
網站：
電話：001 416 453 8433
Grant Thornton UK LLP (Nomad)
Philip Secrett, Harrison Clarke, Enzo Aliaj:
Telephone: +44(0)20 7383 5100
英國格蘭特·桑頓律師事務所（Nomad）
菲利普·斯克雷特、哈里森·克拉克、恩佐·阿里安：
電話：+44 (0) 20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate Finance)
Grant Barker (Sales and Broking)
Telephone: +44(0)20 3470 0470
SP Angel 企業融資有限責任公司（AIM Broker）
大衛·希格內爾，查理·布弗拉特（企業融資）
格蘭特·巴克（銷售和經紀業務）
電話：+44 (0) 20 3470 0470
譯文內容由第三人軟體翻譯。