PRECIOUS METALS

Galantas ships first Omagh gold, silver concentrate

Concentrate destined for Glencore's New Brunswick smelter

Staff reporter

This article is 7 years old. Images might not display.

The 25 tonnes of concentrate was produced via a froth flotation circuit, from underground feedstock from Omagh's main Kearney gold vein, which is about 15m below the previously mined openpit, and was destined for Glencore's New Brunswick smelter.

Galantas said froth flotation was environmentally safe and recent analytical testwork had confirmed the processing plant was meeting quality expectations.

In June, the company reached the Kearney vein underground and started producing limited gold concentrate, and in August it reported channel sample assays of 12.8 g/t gold and 33.1 g/t silver, with a grab sample from the same vein assayed at 9.8g/t gold and 30.1 g/t silver.

The company is continuing mine development and moving towards commercial production at Omagh, with a new underground loader recently delivered for narrow vein production.

In October, Galantas raised C$1.57 million (US$1.2 million) via a private placement to fund underground development at Omagh.

In London, Galantas' shares were trading 4.76% higher Monday at 5.5p (US7.14c).

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.