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Galena Mining (G1A) investor relations material
Galena Mining Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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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