Golconda Gold Ltd V.GG

Q1 Financials and MD&A

[Tad]

Somewhat disappointing yet again.

Decrease of around $2 million in cash balance, net loss of approximately $369,000.


https://www.galanegold.com/investors/financials/


Let's see how ramp up at Galaxy proceeds over the next couple of quarters.

Still not convinced the dilution incurred for the purchase of Summit Mine / Banner Mill
is going to be accretive. We'll see.


GLTA

[ardbegoil]

Apparently the month of April alone beat the entire 2021 -1st quarter of production at Galaxy and ramp up is proceeding full tilt now after weather and other issues slowed the previous projected pace....I have high hopes for New Mexico as well....Hopefully news from there soon....best to all

[bailey2]

I'm thinking that by q4 the company will be humming. if gold and silver trend up before, then it could possibly trend upwards also, on potential, but not results, just yet. It's a longer term hold for me. Pack it away, and come back later. glta