CAPITAL MARKETS

Galena falls to multi-year low on reduced earnings guidance

GALENA Mining’s share price has fallen 6% to levels not seen since 2017 following the company lowering its 2023 earnings expectations from A$15 million-$25 million to $0-$5 million due to a slower-than-expected ramp-up in grades at its 60%-owned Abra mine in Western Australia’s Gascoyne region.