Galena makes small payment for big return

GALENA Mining and joint venture partner Toho Zinc have completed a A$3.5 million transaction to terminate a historical royalty over the pair’s Abra base metals project in Western Australia’s north.

Galena makes small payment for big return Galena makes small payment for big return Galena makes small payment for big return Galena makes small payment for big return Galena makes small payment for big return

Siteworks are underway at Abra.

Galena estimates the termination could result in savings in excess of $40 million over the initial 16-year life of mine, based on July's feasibility study numbers.
 
Toho contributed $1.

topics

loader
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.