Galantas Buys US$4.2M Crushing Plant for Andacollo Project in Chile, Targets Q1 2027 Production

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Precious metals investors looking to diversify their portfolios are taking note of Galantas Gold Corp (GAL:TSX; AIM:GAL; GALKF:OTCQB) after a July 13, 2026 announcement that the company is expanding its plant capabilities. Assets of the acquisition include a three-stage crushing plant and associated agglomeration plant equipment located in Mexico for installation at its 100% owned Andacollo gold project in Chile.

Key Takeaways

• Galantas will acquire a 20,000 tpd crushing plant for US$4.2 million to support the development of its Andacollo Gold Project in Chile.
• The company has begun active project execution, with engineering, site work, permitting, and procurement underway.
• Galantas remains on track to begin gold production at Andacollo in the first quarter of 2027.

Deal Cuts Construction Costs and Shortens Development Timeline

The company has paired with M3 Engineering & Technology Corp. to commission the move of the assets to its exploration operation in Chile. M3 will be responsible for the project execution activities, such as plant documentation, disassembly planning, logistics, transportation engineering, and preparation for reassembly.

"This acquisition is another major execution milestone for Galantas and materially advances the development of the Andacollo gold project," said Mario Stifano, CEO of Galantas, in the press release. "Securing a high-quality, proven crushing plant significantly reduces project execution risk, shortens the development schedule, and represents substantial capital savings compared with constructing a new crushing facility. Together with our engineering partners at M3, we have now transitioned from project planning into active execution."

Completion of the acquisition relies on a definitive purchase agreement and satisfaction of customary conditions, but no roadblocks are currently expected.

The crushing plant is designed for a throughput capacity of 20,000 tonnes per day, which the company expects will form a significant portion of its restart strategy and planned development of Andacollo. Once the facility is secured, Galantas expects gold production at the project to begin in Q1 2027.

Robert Sedgemore, Senior VP of Operations at Galantas, commented: "Our project execution team is now fully mobilized at Andacollo Gold. Engineering has commenced, procurement activities are accelerating, site infrastructure work is progressing, and we continue to advance the permitting, construction, and operational readiness programs required to bring Andacollo gold back into production."

Galantas is a gold and copper company centered around advancing assets in Chile.

Gold Prices Hold Near US$4,089/oz Amid Geopolitical Volatility

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies, like Galantas, chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts — a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."

Despite a slight rise in gold prices at the end of last week due to positive U.S. home sale data, rates have dipped again due to the ongoing U.S.-Iran War. Inflationary fears were reignited after Brent crude oil prices rose again after a several-week ceasefire between the two countries lost its stability. According to a July 13, 2026, report by Kitco Newswire, "The Strait of Hormuz situation is best characterized as open transit under active military contest, not a stable shipping environment and not a fully verified closure." As of the time of writing on July 14, 2026, gold prices were testing resistance at US$4,089.10 per ounce.

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Chen Lin Flags Galantas' Silver Royalty Worth CA$50M+

Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on Galantas on July 13, 2026, saying: "I am most interested in the silver royalty GAL.v, which is potentially worth CA$50 million or more, depending on your silver outlook. That's much more than the current market cap."

According to Marketbeat, Canaccord Genuity Group upgraded its recommendation for Galantas' stock to a "Moderate Buy" on June 22, 2026.

Galantas Plans Drilling at Two Targets

Aggressive drilling is planned to target high-grade gold-copper mineralization at the company's El Saunce and Toro targets. A Preliminary Economic Assessment is also planned for release later in 2026.

However, investors are most interested in the impending start of production at Andacollo in 2027.

Ownership & Share Information¹

Galantas Gold Corp. has a market cap of CA$323.64 million, with 829.73 million shares outstanding. The company's 52-week range is CA$0.06-CA$0.68. Management & Insiders own 12.12% of shares, while Strategic Investors own 39.69%. Institutions own 0.49%, and the remaining 47.7% of shares are held by Retail.

Frequently Asked Questions

Q: What is a crushing plant in mining?

A: A crushing plant is a facility that processes mined rock by breaking it into smaller pieces. This prepares the material for further processing to extract valuable minerals such as gold. Galantas is acquiring a crushing plant designed to process up to 20,000 tonnes of material per day for its Andacollo Gold Project.

Q: What does tonnes per day (tpd) mean in mining?

A: Tonnes per day (tpd) is a measurement of how much material a mining facility can process within 24 hours. A plant with a 20,000 tpd capacity is designed to handle up to 20,000 tonnes of material each day.

Q: What is agglomeration plant equipment?

A: Agglomeration plant equipment is used to combine fine particles of crushed material into larger pieces, often to improve the efficiency of mineral processing. Galantas is acquiring associated agglomeration equipment along with the crushing plant for installation at Andacollo.

Q: What is a Preliminary Economic Assessment (PEA)?

A: A Preliminary Economic Assessment (PEA) is an early-stage study that evaluates the potential economic viability of a mining project. It typically examines factors such as estimated costs, production potential, and project development plans before more advanced studies are completed.