Galena Mining (ASX:G1A) sees a significant stock increase of as much as 19.1%, marking its biggest intraday percentage gain since September 2022.

The metals miner announced that its Abra lead-silver project in Western Australia reached its first positive monthly cash flows in July.

Galena Mining also reaffirmed its mining and processing plans for the project for the remainder of 2023, estimating the September quarter will generate between 25,000 to 30,000 tonnes of concentrate.

The company forecasts the September quarter production will bring in revenue estimated between A$50 million and A$60 million and positive operating cash flows.

Galena Mining’s stock has reached its highest level since July 25, despite having fallen 66.4% this year up to the last close.

Galena Mining is a company focused on the exploration and development of mineral resources in Australia.