공지 • Nov 09
Galena Mining Limited Announces Retirement of Alex Molyneux as a Non-Executive Director GALENA MINING LTD. announced Mr. Alex Molyneux, has decided not to stand for re-election and retire as a Non-Executive Director at the Company's Annual General Meeting to be held on 22 November 2023. Mr. Molyneux was a key element of the Company's leadership team during Galena's evolution into a base metal producer, contributing to the achievement of significant milestones during the period he served in a leadership role and board member. 공지 • Oct 02
Galena Mining Limited, Annual General Meeting, Nov 22, 2023 Galena Mining Limited, Annual General Meeting, Nov 22, 2023. Reported Earnings • Aug 24
Full year 2023 earnings released: AU$0.10 loss per share (vs AU$0.014 loss in FY 2022) Full year 2023 results: AU$0.10 loss per share (further deteriorated from AU$0.014 loss in FY 2022). Revenue: AU$29.5m (up AU$29.3m from FY 2022). Net loss: AU$38.2m (loss widened 458% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$152m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (AU$466k revenue, or US$311k). Minor Risk Market cap is less than US$100m (AU$79.0m market cap, or US$52.8m). New Risk • Jun 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$152m free cash flow). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (AU$466k revenue, or US$312k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$86.5m market cap, or US$57.9m). 공지 • Jun 19
Galena Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million. Galena Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,885,303
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,448,031
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Reported Earnings • Feb 23
First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.005 loss in 1H 2022) First half 2023 results: AU$0.01 loss per share (further deteriorated from AU$0.005 loss in 1H 2022). Net loss: AU$4.27m (loss widened 106% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. 공지 • Feb 09
Galena Mining Limited Announces Drilling Hits Northern Extension of Abra Mineralisation Galena Mining Limited announced assay results from the first exploration holes drilled from underground at the Abra Mine have been received. The holes were drilled in Fourth Quarter 2022 as dual-purpose holes for both exploration (previously identified target) and geotechnical evaluation (underground development planning). Assays associated with these holes have been received after the release of the December quarter activities report. Prior to these holes, underground drilling has been focused on grade control and resource conversion to support Abra mine production planning for 2023. A total of 122 underground drill holes have been completed in 2022 and the company is currently updating the geology and mining models in the areas where this drilling has occurred. Results and geological confidence associated with the drilling completed to date is considered positive in relation to the previous work. The Abra mine successfully achieved its first concentrate production on 12 January 2023. Over 1,000t of saleable concentrate has been produced during plant commissioning to date and the project remains on target to achieve first concentrate shipment in Q1, 2023. Two new drillholes (22AUD0159 and 0160) were drilled in October 2022, adjacent to a historical intercept drilled by Abra Mining Limited in 2007 (AB41). The new holes confirm the presence of Abra style mineralisation north of the Abra fault. Including the historical hole, the three holes are spread over an area of 300m (east-west) and 100m (north-south). They are approximately 200m from the current Abra Deposit and 100m from the proposed Abra decline infrastructure. 공지 • Jan 11
Galena Mining Limited Announces Change of Company Secretary Galena Mining Limited announced the appointment of Miss Aida Tabakovic from Mining Corporate Pty Ltd. as the Company Secretary effective immediately. Miss Tabakovic will be responsible for communication with the ASX in relation to Listing Rule matters in accordance with ASX Listing Rule 12.6. Miss Tabakovic has over 11 years' experience in the accounting profession. Miss Tabakovic provides services to a number of ASX listed companies specialising in financial accounting and reporting and corporate compliance. Miss Tabakovic has been involved in listing a number of junior exploration companies on the ASX and is currently Company Secretary for numerous ASX listed companies. Miss Tabakovic has been providing assistant Company Secretarial duties for Galena since 2016 and replaces Mr. Stephen Brockhurst as the Company Secretary who resigns due to other work commitments through Mining Corporate Pty Ltd. Recent Insider Transactions • Dec 19
Non Executive Director recently bought AU$93k worth of stock On the 15th of December, Alexander Alan Molyneux bought around 395k shares on-market at roughly AU$0.23 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$197k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 25
Full year 2022 earnings released Full year 2022 results: Net loss: AU$6.84m (loss widened 93% from FY 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Stewart Howe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 24
MD, CEO & Director recently bought AU$51k worth of stock On the 20th of December, Anthony James bought around 250k shares on-market at roughly AU$0.20 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Stewart Howe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Stewart Howe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.008 loss per share (vs AU$0.016 loss in FY 2020) Full year 2021 results: Net loss: AU$3.55m (loss narrowed 41% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 30
Independent Non-Executive Director recently sold AU$200k worth of stock On the 23rd of June, Jonathan Downes sold around 1m shares on-market at roughly AU$0.20 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$400k more than they bought in the last 12 months. Is New 90 Day High Low • Feb 24
New 90-day high: AU$0.38 The company is up 52% from its price of AU$0.25 on 26 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: AU$0.29 The company is up 28% from its price of AU$0.23 on 02 October 2020. The Australian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 14
New 90-day high: AU$0.28 The company is up 17% from its price of AU$0.23 on 14 August 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day high: AU$0.27 The company is up 8.0% from its price of AU$0.25 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.