Galena Mining

Galena Highlights Daily Production Records

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) advises that the Abra mine has set several daily production records this week during production ramp-up, which has exceeded the expected daily targets for steady state production (“Nameplate”). The mine and plant have operated continuously at increasing production levels since resuming on 3 May after the stoppage due to the previously disclosed significant rainfall event.


On 15 May the underground mine delivered 4,030 tonnes (1.47Mtpa equivalent) to the ROM pad, the crusher achieved a daily throughput of 4,137 tonnes (1.51Mtpa equivalent) and the mill processed 3,674 tonnes (1.34Mtpa equivalent) on the same day. Whilst short-term at this stage, these levels compare favourably to our previously stated annual production targets, which are based on 1.30Mtpa.

The mine remains on track to achieve its May production plan and the next concentrate shipment (approximately 5,000t) is scheduled for 25-28 May, with over 3,000t of concentrate stocks produced month to date.

Managing Director, Tony James commented, “It’s pleasing to see Abra respond after the stoppage. These daily production rates show that the mine has the instantaneous capacity to deliver on its production targets. The next step is to deliver these levels of performance on a consistent basis as we continue to transition to steady-state as quickly as possible”.

Figure 1 – Underground truck at Abra delivering ore to ROM pad (photo 16 May)

Figure 2 – Ishikawa filter going through cleaning cycle at Abra processing plant (photo 16 May)

Figure 3 – Qube quad road-train returning to Abra for concentrate pickup (photo 16 May)

The Board of Directors of Galena authorised this announcement for release to the market.


Click here for the full ASX Release

This article includes content from Galena Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


G1A:AU
Galena Mining

Galena Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Galena Mining (ASX:G1A)

Galena Mining


Keep reading...Show less
Galena Mining

Abra Construction At 97% Complete – First Ore Stockpiled For January Processing

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the construction progress at its Abra Base Metals Mine (“Abra” or the “Project”) has reached 97% complete as of 30 November 2022. Processing plant commissioning is progressing quickly with practical completion now expected in December 2022. Ore currently being mined from underground is being stockpiled in readiness for processing to begin in January 2023. Concentrate production will commence January 2023.

Keep reading...Show less
Galena Mining

Abra Construction At 92% Complete – Reaches First Ore Underground

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the construction progress at its Abra Base Metals Mine (“Abra” or the “Project”) has reached 92% complete as of 31 October 2022. Underground mine has reached the first ore (see ASX announcement 14 November 2022) and plant commissioning continues in several key areas with the project focussed on achieving first concentrate production in Q1 2023.
Keep reading...Show less
Galena Mining

Abra Mine Reaches Ore

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the underground development at its Abra Base Metals Mine (“Abra” or the “Project”) has reached the Abra orebody. Commissioning has commenced in several key areas of the processing facility and the Power Station (Pacific Energy) completed full integration of the hybrid gas/solar/battery energy storage system (BESS) power station on 10 November. The project remains on track for first concentrate production in Q1 2023.
Keep reading...Show less
Galena Mining

Galena Mining Activities Report For Quarter Ended 30 September 2022

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) reports on its activities for the quarter ended 30 September 2022 (the “Quarter”), primarily focused on construction of its 60%- owned Abra Base Metals Mine (“Abra” or the “Project”) located in the Gascoyne region of Western Australia.

Keep reading...Show less

Silvercorp Offer for OreCorp to Expire March 22, 2024

Silvercorp Metals Inc. logo (CNW Group/Silvercorp Metals Inc)

Trading Symbol: TSX: SVM
NYSE AMERICAN: SVM

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results

2023 Sales and Corporate AISC Beat Guidance, Driving $54.4 million Increase in Treasury Assets

TSX: SIL | NYSE American: SILV

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Endeavour Silver Reports 2023 Financial Results: Earnings Conference Call at 9am PST Time

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) announces its financial and operating results for the fourth quarter and year ended December 31, 2023. All dollar amounts are in US dollars (US$).

"The path to growth is never a straight line, so our ability to rise above challenges defines our success. During 2023, we kept focused on our main goals, while successfully navigating industry challenges" commented Dan Dickson, CEO of Endeavour Silver. "From a cost perspective, all Mexican miners faced overarching challenges, with persistent cost pressures across various channels. Our operations team demonstrated their resolve to overcome a significant challenge at Guanacevi, by elevating both mine and mill productivity levels above planned targets. As the remediation efforts extended into early Q4, the positive momentum from these initiatives reduced Q4 2023 cost metrics compared to Q3 2023 and will carry forward into the upcoming year."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Fortuna discovers new Kingfisher prospect at Séguéla Mine and provides exploration update at the Diamba Sud Gold Project

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire and the recently acquired Diamba Sud Gold Project in Senegal.

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Emphasizing the exploration potential at Séguéla, the team has continued their impressive run-rate of discoveries with the new Kingfisher prospect. This follows the Barana, Badior and Kestrel discoveries made during 2022 and 2023." Mr. Weedon continued, "In addition to the exploration success at Kingfisher, drilling for Koula underground mining potential has resulted in several high-grade intersections. This includes 68.0 g/t Au over an estimated true width of 2.1 meters in SGRD1783, as part of a larger interval of 22.5 g/t Au over an estimated true width of 9.8 meters, highlighting the opportunity for underground mining."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

SilverCrest Announces Updated Annual Audited Financial Statement Filing Date and Conference Call

TSX: SIL | NYSE American: SILV

SilverCrest Metals Inc. ("SilverCrest" or the "Company") reports that it will now file its audited annual financial statements and management discussion and analysis for the fiscal year ended December 31, 2023 (collectively the "Annual Filings") before market open on March 11th, 2024 two working days from the previously announced date of March 6th, 2024.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Fortuna Reports Results for the Fourth Quarter and Full Year 2023

(All amounts expressed in US dollars, tabular amounts in millions, unless otherwise stated)

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the fourth quarter and full year 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Galena Mining

Galena Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×