Australia-based company, Galena Mining (ASX:G1A), experienced a surge in its share price, increasing as much as 2.0% to A$0.10 and hitting a record high since September 20.

The increase was fueled by the company’s announcement regarding its quarterly production.

The precious metals miner reported a total ore milled of 283,000 tonnes, a significant 49% increase from the previous quarter.

In addition to the robust production, the Abra Mine, owned by Galena, generated positive operating cash flows for the quarter ending September 30.

However, despite the recent surge, the company’s stock has fallen by 60% in value over the course of this year, considering the last close.

Galena Mining (ASX:G1A) is a mining company based in Australia, specializing in the extraction of precious metals.