Galena Mining Limited revised production guidance for the year 2023. The Company has also updated Abra's 2023 production guidance because of the production issues. Lead production for CY2023 is expected to reduce from the previous guidance of 53-68kt to 50-60kt because of the reduced ramp-up lead grade and rainfall delays.

Production unit costs are forecast to increase because of the lower expected lead production and a 12% increase in overall costs since the last guidance was provided in July 2022. Steady-state life of mine (LOM) guidance continues to show strong financial outcomes following the ramp-up time frame. Mill Throughput is 0.8-1.0 Mtpa.

Silver Grade Mined is 16.5-18.5 g/t. Silver Metal Production is 325-425 kozpa.