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Galena Mining Ltd. ( (AU:G1A) ) has shared an update.
Galena Mining Ltd. reported its operations for the quarter ending 31 December 2024, highlighting ongoing administrative challenges at its Abra Base Metals Mine due to voluntary administration. This situation arose from logistical and operational difficulties earlier in the year, but the mine has continued operations while exploring recapitalization options. A new CEO, Matthew Hine, has been appointed to navigate the administration process. The December quarter saw a drop in production and sales, partly due to adverse weather causing road closures, impacting the company’s cash flow and operations significantly.
More about Galena Mining Ltd.
Galena Mining Ltd. operates in the mining industry, primarily focused on base metals exploration and production. The company’s key asset is the Abra Base Metals Mine in Western Australia, which produces lead-silver concentrates. Galena holds a 60% stake in the Abra project, with the remaining 40% owned by Toho Zinc Co., Ltd. of Japan.
YTD Price Performance: -1.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$44.4M
See more insights into G1A stock on TipRanks’ Stock Analysis page.
