Galena Mining Ltd. (AU:G1A) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Galena Mining Ltd has announced the appointment of voluntary administrators to its subsidiary, Abra Mining Pty Ltd, due to operational ramp-up issues, mined grade inconsistencies, and recent rainfall disrupting supply and haulage at the Abra Base Metals Mine in Western Australia. The administrators will continue the mine’s operations while exploring financial and operational restructuring options to preserve stakeholder value. Meanwhile, Galena Mining will remain suspended from trading during the administration period.
For further insights into AU:G1A stock, check out TipRanks’ Stock Analysis page.