Galena Mining (ASX: $G1A) June Quarter Production Update

Galena Mining Ltd. (ASX: $G1A) has reported a record quarterly lead-silver concentrate production of 26,664t in the June quarter, marking a significant 54% increase from the previous quarter. The company also achieved a substantial rise in ore milled and mined, with 333,833t and 280,974t respectively, at record quarterly lead grades. The Abra Base Metals Mine, in which Galena holds a 60% ownership, demonstrated robust operational performance despite challenges, including weather disruptions and voluntary administration of its subsidiary, Abra Mining Pty Limited.

Executive Commentary on Operational Performance

Managing Director, Tony James, highlighted the positive trend in mine ramp up improvement, emphasizing the impact of weather disruptions on processing throughput and lead feed grades. He noted the achievement of new quarterly highs in both processed and mined lead grades, reflecting ongoing mining improvements. Despite the challenges faced, concentrate production exhibited improvement, setting a new record for the June quarter.

Summary of Corporate and Operations Update

Galena Mining Ltd. (ASX: $G1A) has demonstrated resilience in its operational performance at the Abra Base Metals Mine, achieving record lead-silver concentrate production despite adverse weather conditions and subsidiary administration. The company's forward-looking statements indicate a commitment to maintaining operational improvements and production targets. With a focus on continued mining enhancements, Galena aims to sustain its positive trajectory and capitalize on the globally significant lead-silver project at the Abra Base Metals Mine.