Barton Gold (ASX: BGD) posts $3.1m half-year profit and ramps up exploration with strong cash reserves (w/ Alex Scanlon)

Barton Gold (ASX: BGD) (OTCQB: BGDFF) managing director Alexander Scanlon joins Small Caps to discuss the company's recent corporate and exploration successes. The company recently announced an impressive net profit after tax of $3.1 million for the December 2024 half year. The results included a December 2024 gold sale and a $2.38 million cash R&D tax refund bringing in $8.5 million in revenues. The profit result was achieved at a time when Barton was outlaying a significant amount of capital on exploration at its Tunkillia and Tarcoola gold developments in South Australia. With $9.2 million in cash as at 13 January 2025, Barton is well placed to continue its aggressive exploration and development programs at Tunkillia and Tarcoola. Barton has identified an opportunity to develop Tunkillia at an all-in sustaining cost (AISC) of approximately $1,917 per ounce payable gold (net of silver credits), ranking it favourably among current Australian gold operations reporting AISC per ounce of gold produced. Articles: https://smallcaps.com.au/barton-gold-expands-resources-posts-profit-exploration-accelerates/ https://smallcaps.com.au/barton-gold-tunkillia-new-gold-silver-resource-expansion/ For more information on Barton Gold: https://smallcaps.com.au/stocks/asx-bgd/ See omnystudio.com/listener for privacy information.