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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Galena Mining
Galena Mining (G1A) investor relations material
Galena Mining has been delisted
Galena Mining Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Jan, 2025
Executive summary
Abra Base Metals Mine produced 25,492t of lead-silver concentrate, down 16% from the previous quarter, with sales of 22,263t generating ~A$50.2 million in revenue.
Operations were disrupted by 28 days of road closures due to rain, impacting concentrate haulage and sales.
Voluntary administrators were appointed to Abra Mining Pty Ltd in April 2024; recapitalisation options are under review, with a second creditors meeting extended to late February 2025.
Matthew Hine was appointed CEO of Abra in December 2024, following Tony James' resignation.
Financial highlights
Group cash at 31 December 2024 was A$1.7 million, down from A$4.3 million at 30 September 2024.
Operating cash outflows for the quarter were A$2.9 million; investing outflows A$9.0 million (mainly mine development); financing inflows A$10.7 million (loan proceeds).
Total receipts from customers were A$50.2 million for the quarter.
At quarter-end, 13,531t of concentrate was stockpiled at site and port.
Outlook and guidance
Recapitalisation scenarios for Abra are under consideration; final decisions pending administrator and creditor review.
Operations continue during administration, with the next concentrate shipment scheduled for late January/early February.
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Frequently asked questions
Galena Mining Limited is an Australia-based mineral exploration and development company focused on base and precious metals. The company’s primary asset is the Abra Base Metals Project in Western Australia, which is rich in lead and silver deposits. Galena Mining is engaged in exploration, feasibility studies, and project development to establish a stable supply of these critical minerals. Galena Mining Limited is headquartered in Subiaco, Australia, and its shares are listed on the Australian Securities Exchange (ASX).