“We're going from drilling and blasting 50 to 70 tonnes with a handheld jackleg to using the long-hole method that can have stopes up towards 7,000 tonnes. So a huge, huge shift in momentum.” (CEO)
“This financing ensures that we have the balance sheet strength to sustain robust production growth over the coming years, positioning Galena as a key driver of our success.” (CEO)
“Costs were approximately $28 per silver equivalent ounce … down almost $3 from last quarter's with continued reductions expected as production volumes rise.” (CFO)
“Our cash balance soared to $62 million this quarter, an increase of $53 million from Q1, mainly due to the first $50 million tranche of our $100 million term loan facility.” (CFO)
“82% of our revenue came from silver. In fact, this surpasses our short-term goal of reaching over 80% exposure to silver by the end of 2025.” (Oliver)