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    G1A   AU000000G1A1

GALENA MINING LIMITED

(G1A)
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Galena Mining Limited Commences Underground Mining At Abra Base Metals Project

10/05/2021 | 07:48pm EST

Galena Mining Limited announced that mining of the underground decline has commenced at its Abra Base Metals Project. Byrnecut Australia Pty Ltd. ("Byrnecut"), the mining contractor for Abra, commenced operations for the underground decline on Tuesday 5 October following the deployment of people and equipment to the mine site, and completion of final box-cut preparation works and services installation. Primary decline works are expected to continue for approximately 14-months to gain access to the orebody and with their commencement on-time, the Abra Base Metals Project remains on-track for first commercial ore production at the start of 2023.


ę S&P Capital IQ 2021
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Financials
Sales 2021 0,52 M 0,37 M 0,37 M
Net income 2021 -3,55 M -2,55 M -2,55 M
Net cash 2021 63,0 M 45,2 M 45,2 M
P/E ratio 2021 -30,4x
Yield 2021 -
Capitalization 110 M 78,9 M 78,7 M
EV / Sales 2020 159x
EV / Sales 2021 94,8x
Nbr of Employees -
Free-Float -
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Managers and Directors
Anthony Paul James Chief Executive Officer, Director & MD
Craig Clinton Barnes Chief Financial Officer
Adrian Paul Byass Non-Executive Chairman
Alexander Alan Molyneux Executive Director
Stewart Howe Non-Executive Director
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