REG - Griffin Mining Ld - First Quarter Production
RNS Number : 2066VGriffin Mining Ld13 April 2021GRIFFIN MINING LIMITED
8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
First Quarter Production
13th April 2021
Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to 31st March 2021.
3 months to 31st March 2021
3 months to 31st March 2020
Ore mined
Tonnes
185,520
114,206
Ore processed
Tonnes
200,209
122,523
Zinc in concentrate Produced
Tonnes
8,231
5,017
Gold in concentrate produced
Ozs
3,504
1,181
Silver in concentrate produced
Ozs
63,607
41,669
Lead in concentrate produced
Tonnes
234
176
Average zinc price received per tonne
USD
2,161
1,211
Average gold price received per oz
USD
1,645
1,508
Average silver price received per oz
USD
20.0
12.9
Average lead price received per tonne
USD
1,591
1,026
Overview
As in previous years, production in the first quarter of the year was impacted by the Chinese New Year holidays when mining was suspended and processing scaled back as personnel leave during the holiday period allowing maintenance work to be undertaken. Production in the first quarter of 2020 had been impacted by the suspension of operations at Caijiaying imposed by the Chinese authorities for a month in late January / February and subsequent travel restrictions to contain the Covid 19 pandemic. However, tonnes processed in the first quarter of 2021 were up 12.1% on that achieved in the first quarter of 2019 of 178,615 tonnes and zinc metal in concentrate produced was up 12.8% on that achieved in the first quarter of 2019 of 7,303 tonnes.
About Griffin Mining Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates through its 88.8% owned Joint Venture in China the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website giffinmining.com.
Further information:
Griffin Mining Limited
Telephone: +44 (0)20 7629 7772
Mladen Ninkov - Chairman
Roger Goodwin - Finance Director
Panmure Gordon (UK) Limited
Telephone: +44 (0)20 7886 2500
John Prior
Joanna Langley
Berenberg
Telephone: +44 (0)20 3207 7800
Matthew Armitt
Jennifer Wyllie
Deltir Elezi
Blythewigh
Telephone: +44(0)20 7138 3205
Tim Blythe
Swiss Resource Capital AG
Telephone: +41(0)71 354 8501
Jochen Staiger
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