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    G1A   AU000000G1A1

GALENA MINING LIMITED

(G1A)
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Galena Orders $9 Million Long Lead-Time Equipment for Abra Plant

08/10/2021 | 06:46pm EST

GALENA MINING LTD. announced that Abra Mining Pty Limited, the joint-venture company for the Abra Base Metals Project has confirmed placement of orders for two key long lead-time items for the Abra processing plant, being the ball mill and the concentrate filter (horizontal filter press). These items have a combined order value of approximately $9 million. Abra's ball mill will be manufactured by CITIC-Heavy Industries Co. Ltd. in Luoyang, Henan, China. CITIC HIC is a leading manufacturer of mining and ore processing equipment. The mill ordered is a 5.0 metre diameter x 5.6 metre effective grinding length fixed speed single pinion driven 2.5 MW ball mill. The Concentrate filter (horizontal filter press) will be manufactured by Ishigaki Co. Ltd. at their manufacturing facility in Sakaide on Kagawa Island, Japan. Ishigaki is also an industry leader in industrial-scale water separation /filtration technologies globally. The unit ordered is the fully automated horizontal batch pressure filter (LASTA MC).


ę S&P Capital IQ 2021
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Financials
Sales 2021 0,52 M 0,36 M 0,36 M
Net income 2021 -3,55 M -2,51 M -2,51 M
Net cash 2021 63,0 M 44,5 M 44,5 M
P/E ratio 2021 -30,4x
Yield 2021 -
Capitalization 97,7 M 68,8 M 69,0 M
EV / Sales 2020 159x
EV / Sales 2021 94,8x
Nbr of Employees -
Free-Float 66,1%
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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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