Galantas Gold (GAL) Q2 2026 earnings summary

Executive summary

• Reported financial and operating results for Q2 2026 and the six months ended June 30, 2026.

• Completed the acquisition of the Andacollo Gold Project in Chile and advanced exploration at the Indiana Project.

• Significant management changes, including a new CFO and resignations of COO and Chair of the Board.

Financial highlights

• Net loss from operations for Q2 2026 was $4.69 million, and for YTD 2026 was $7.04 million, compared to $0.71 million and $1.94 million in the same periods last year.

• Net loss per share was $(0.01) for Q2 2026 and $(0.02) for YTD 2026.

• Cash and cash equivalents stood at $108.9 million as of June 30, 2026.

• Completed a $100 million private placement in May 2026.

• Working capital surplus of $91.6 million as of June 30, 2026.

Outlook and guidance

• Preliminary Economic Assessment (PEA) for Andacollo Gold Project targeted for completion in Q4 2026.

• Restart of Andacollo Gold Project targeted for the first half of 2027, pending technical and financial reviews.

• Indiana Project development plans aim for production by end of 2026.