Galantas Gold Corporation (GAL) Financings
TSXV: GAL · Gold, Copper · Development stage
- Market cap$333.2M
- Share price$0.398
- 52-week range$0.060 – $0.710
- Shares outstanding838,182,593
- ExchangeTSXV
- Websitewww.galantas.com
Galantas Gold Corporation is a publicly traded gold and copper company focused on the acquisition, development, and advancement of gold and copper assets in stable mining jurisdictions. The Company is currently advancing the development of the Indiana Project and the Andacollo Gold Project in Chile. Galantas' strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation, and responsible development of high-quality mineral assets.
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Galantas Gold Corporation financial statements
Key figures read from 37 of 37 financial statement filings, Nov 23, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$13,315,844 | C$525,643 | C$2,593,265 | C$1,038,643 | C$1,069,751 |
| Short-term investments | — | C$540,870 | C$505,110 | C$489,660 | C$513,960 |
| Total current assets | C$13,544,366 | C$1,103,649 | C$4,208,329 | C$2,932,878 | C$2,458,474 |
| Total current liabilities | C$5,472,266 | C$17,322,637 | C$16,807,843 | C$13,960,842 | C$3,554,356 |
| Working capital | C$8,072,100 | (C$16,218,988) | (C$12,599,514) | (C$11,027,964) | (C$1,095,882) |
| Exploration and evaluation assets | C$11,372,320 | C$5,487,196 | C$4,776,409 | C$2,665,313 | C$1,574,183 |
| Property, plant and equipment | — | C$28,946,456 | C$23,094,171 | C$24,255,849 | C$25,688,836 |
| Total assets | C$30,737,411 | C$36,078,171 | C$32,584,019 | C$30,343,700 | C$30,235,453 |
| Debt | C$908,916 | C$6,556,155 | C$1,923,509 | — | — |
| Total liabilities | C$5,472,266 | C$24,668,462 | C$21,226,863 | C$15,628,709 | C$10,846,745 |
| Shareholders' equity | C$25,265,145 | C$11,409,709 | C$11,357,156 | C$14,714,991 | C$19,388,708 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cost of sales | C$44,975 | C$112,568 | C$182,295 | C$284,262 | C$255,901 |
| General and administrative | (C$319,146) | (C$483,968) | (C$697,298) | (C$908,882) | (C$803,892) |
| Share-based compensation | C$159,623 | C$431,990 | C$353,712 | C$1,470,418 | C$2,035,878 |
| Impairments and write-downs | C$0 | C$888,889 | — | C$10,124,920 | — |
| Net income (loss) | (C$8,493,279) | (C$1,488,684) | — | (C$16,633,939) | (C$5,284,431) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$687,918) | (C$1,908,282) | (C$1,303,452) | (C$180,007) | (C$1,722,624) |
| Investing cash flow | (C$1,363,599) | (C$1,250,576) | (C$3,842,131) | (C$12,281,442) | (C$5,513,070) |
| Financing cash flow | C$14,899,331 | C$1,060,661 | C$6,620,919 | C$12,117,728 | C$7,695,374 |
| Exploration spending (capitalized) | (C$538,719) | (C$481,338) | (C$1,882,825) | (C$1,165,561) | (C$834,193) |
| Property, plant and equipment spending | (C$1,078,947) | (C$769,238) | (C$1,959,306) | (C$10,414,099) | (C$4,435,258) |
| Proceeds from share issues | C$14,900,000 | — | C$2,963,142 | C$5,900,003 | C$7,998,980 |
| Change in cash | C$12,847,814 | (C$2,098,197) | C$1,475,336 | C$16,293 | C$459,680 |
| Cash at end of period | C$13,315,844 | C$525,643 | C$2,593,265 | C$1,038,643 | C$1,069,751 |
Galantas Gold Corporation financings
3 financings announced or closed by Galantas Gold Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-10 | Galantas Gold Corporation (GAL) | Private placement, brokered | Announced | $85.0M | $0.550 | Galantas Gold Announces $85 Million Private Placement |
| 2025-11-13 | Galantas Gold Corporation (GAL) | Private placement, brokered | Announced | $7.0M | — | Galantas Gold Announces Acquisition of RDL Mining Corp. with Option to Develop Indiana Gold-Copper Project in Chile and Brokered Private Placement to Raise up to $7 million |
| 2023-11-09 | Galantas Gold Corporation (GAL) | Convertible debenture, non-brokered | Closed, 1 tranche | US$3.0M | — | Galantas Gold Announces up to US$3.0 Million Private Placement of Unsecured Convertible Debentures |
Galantas Gold Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Galantas Gold Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-06-09 | Loan, repaid / settled | Ocean Partners | US$3M | — |
| 2024-02-05 | Convertible debenture, repaid / settled | Ocean Partners UK Ltd | US$2.71M | matures 2024-06-06 |
| 2023-12-20 | Convertible debenture, repaid / settled | Ocean Partners UK Ltd | US$2.63M | 10%, matures 2026-12-20 |
| 2023-02-13 | Loan, signed | — | C$562,930 | 12% |
| 2022-08-03 | Loan, closed / funded | Ocean Partners UK Ltd | US$530,000 | 12%, matures 2023-01-31 |
| 2022-02-03 | Loan, closed / funded | Ocean Partners UK Ltd | US$1.06M | 10%, matures 2022-07-31 |