Galena Mining

Key Equipment Arrives as Abra Reaches 73% Complete

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 73% complete as of 30 June 2022. Significant equipment arrivals over the last month include the remaining mill equipment, secondary and tertiary cone crushers, and the remaining LNG tanks. The completion of the installation of 16,000 solar panels also delivers another significant construction milestone.


Managing Director, Tony James commented, “Construction activities are rapidly progressing with concrete poured at 2,378m3 (95% complete) and structural steel installation already up to 237 tonnes (42% complete). Arrival of key overseas supplied equipment being the remaining mill equipment, secondary and tertiary cone crushers, and LNG tanks has certainly reduced risk and energised the remaining work programs.

Decline mining delays occurred over 12 days in June, when the decline intercepted an un-grouted drill hole, which produced water, requiring an increase in pumping capacity. This was quickly rectified, and the mine plans were updated to keep the mining schedule aligned with the plant construction and commissioning timeframe. Underground grade control drilling continued in June in preparation for ore mining as planned”.

Figure 1 – Abra mine construction site (photo: 28 June 2022)

Update on Abra Project progress

Overall progress continues to remain in line for Project completion followed by first commercial production in Q1 CY2023. The processing plant engineering, procurement and construction has reached 79% complete. Remaining items on the key equipment order list shown in Table 1 which are currently not received are the flotation cells and the regrind mill. The flotation cells are completed and are waiting shipping from China and the regrind mill is currently shipping from Germany and is expected in Melbourne by 12th August. The regrind mill is being shipped to Melbourne so that Glencore Technology can finalise assembly with some Australian components. The arrival of key items since the last update has enabled GR Engineering to consolidate their remaining work schedules and plans.

Mine decline development was delayed in June for 12 days when the west decline intercepted an un-grouted diamond drill hole forcing an upgrade in the mine dewatering capacity. A total of 128m was developed prior to the delay, taking the west decline down to 1,357mRL which is 44m vertically above the orebody. During the delay the mine installed its primary ventilation fan on the surface and upgraded the underground power reticulation. Once this work was completed, the hole was plugged, and mining resumed.

A revised mining plan has been completed and put in place to ensure that following this development delay, mining targets remain in line with the plant completion and commissioning timeframe.

In surface bulk earthworks, good progress was made on the tailing’s storage facility (“TSF”) during June. The final works package associated with the remaining non-processing infrastructure is progressing as planned.

Owners' costs and contingencies remain within budget.

Figure 2 - Progress of the Abra underground mine development to the 1 July (yellow).


Click here for the full ASX Release

This article includes content from GALENA MINING LTD., 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

SilverCrest Reports Third Quarter 2024 Financial Results

Strong Free Cash Flow Continues, Supporting 29% Growth in Treasury Assets

TSX: SIL | NYSE American: SILV

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

MAG Silver Reports Third Quarter Financial Results

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the "Company") announces the Company's unaudited consolidated financial results for the three months ended September 30, 2024 ("Q3 2024"). For details of the unaudited condensed interim consolidated financial statements of the Company for the three and nine months ended September 30, 2024 ("Q3 2024 Financial Statements") and management's discussion and analysis for the three and nine months ended September 30, 2024 ("Q3 2024 MD&A"), please see the Company's filings on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at ( www.sedarplus.ca ) or on the Electronic Data Gathering, Analysis, and Retrieval ("EDGAR") at ( www.sec.gov ).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Wooden blocks with check mark on them.

Pan American Silver Releases Quarterly Results, Gets Canada's Approval for La Arena Sale

Pan American Silver (TSX:PAAS,NASDAQ:PAAS) said on Tuesday (November 5) that it has received final regulatory approval from the Canadian government for the sale of its La Arena assets in Peru.

The company is selling the La Arena gold mine and development-stage La Arena II copper-gold project to Jinteng (Singapore) Mining, a subsidiary of Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899).

Under the terms of the deal, Zijin will pay US$245 million in cash for the properties. Pan American will also receive a 1.5 percent life-of-mine net smelter return royalty on gold production from La Arena II.

Keep reading...Show less

First Majestic Announces Financial Results for Q3 2024 and Quarterly Dividend Payment

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the Company's unaudited condensed interim consolidated financial results for the third quarter ended September 30, 2024. The full version of the financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.govedgar. All amounts are in U.S. dollars unless stated otherwise.

THIRD QUARTER HIGHLIGHTS

News Provided by Newsfile 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

×