Monday, February 24, 2025
11.2 C
London
HomeFinTechGalena Mining: Reaches construction milestone at Abra mine

Galena Mining: Reaches construction milestone at Abra mine

Date:

DBS Bank to Reduce Workforce by 10% Amidst Rise of AI Technology

Navigating the Future of Banking: How AI is Reshaping...

The AA Launches Savings and Loans in Partnership with NatWest for Enhanced Embedded Finance

Discover How This New Collaboration is Transforming Personal Finance...

Nexi to Connect German Merchants with EPI’s Wero Wallet

Revolutionizing Payment Solutions for German BusinessesHighlights: Nexi is expanding...

Galena Mining Reaches construction milestone at Abra mine

  • Construction is now 75 per cent complete at Galena Mining’s (G1A) 60 per cent-owned Abra Base Metals Mine in Western Australia
  • Processing plant construction activities are 79 per cent complete, concrete civils passing is 95 per cent complete and structural steel passing is 42 per cent complete
  • Galena has also provided guidance for CY23 which is based on the recently updated mine plan, mineral resource estimation and advancing construction
  • The forecast life of mine production now averages 93,000 tonnes per annum of lead metal and 553,000 ounces per annum of silver
  • Shares in Galena are down 18.2 per cent and were trading at 13.5 cents at 1:50 pm AEST

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories