Galena Mining Ltd. (AU:G1A) has released an update.
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Galena Mining Ltd. has reported significant production growth at its Abra Base Metals Mine, with a 54% increase in lead-silver concentrate production and a 27% rise in lead concentrate sales, leading to revenues of approximately A$43.1 million. Despite the appointment of voluntary administrators due to operational challenges, the mine has continued its activities, achieving a record quarterly ore milling of 333,833 tons at a 5.6% lead grade. The company has plans to further increase mining and development in the upcoming quarter, aiming for 310,000 tons of mined ore and lead concentrate shipments of 25-30kt.
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