REG - Griffin Mining Ld - First Quarter Production

Griffin MiningAnnouncement

19/04/2022 07:00

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RNS Number : 4808I  Griffin Mining Ld  19 April 2022

 

 

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 (mailto:griffin@griffinmining.com)

 

First Quarter Production

19(th)  April 2022.

 

Griffin Mining Limited ("Griffin" or the "Company") hereby announces the
production results for the three months to 31(st) March 2022.

 

                                                3 months to 31(st) March 2022  3 months to 31(st) March 2021
 Ore mined                              Tonnes  17,975                         185,520
 Ore processed                          Tonnes  8,649                          200,209
 Zinc in concentrate produced           Tonnes  268                            8,231
 Gold in concentrate produced           Ozs     1,474                          3,504
 Silver in concentrate produced         Ozs     168                            63,607
 Lead in concentrate produced           Tonnes  7                              234
 Average zinc price received per tonne  USD     -                              2,161
 Average gold price received per oz     USD     -                              1,645
 Average silver price received per oz   USD     -                              20.0
 Average lead price received per tonne  USD     -                              1,591

 

 

Overview

As announced on the 18(th) March 2022, following the enforced suspension of
all operations at the Caijiaying Mine for the Chinese Lunar New Year holiday
celebrations, the Winter Olympics and the subsequent Winter Paralympics,
mining recommenced on the 23(rd) March and processing on the 25(th) March
2022.

Since the recommencement of operations, mining and processing rates have
steadily increased. Despite Covid-19 restrictions remaining in force
throughout China, operational supplies and services continue to be delivered
to the Caijiaying Mine. Since the end of the first quarter of 2022, 4,000
tonnes of zinc concentrate have already been sold.

 

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 griffinmining.com.

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK)
Limited
Telephone: +44 (0)20 7886 2500

             John Prior

             Ailisa MacMaster

 

Berenberg
 
Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 

BlytheRay

            Tim
Blythe
Telephone: +44(0)20 7138 3205

 

Swiss Resource Capital AG

            Jochen
Staiger
Telephone: +41 (0)71 354 8501

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014

 

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