REG - Griffin Mining Ld - RE-OPENING OF CAIJIAYING MINE OPERATIONS UPDATE

Griffin MiningAnnouncement

04/03/2022 07:00

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RNS Number : 6074D  Griffin Mining Ld  04 March 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)

 

Progress Statement on the Re-opening of Caijiaying Mine Operations

 

4(th) March 2022

 

Griffin Mining Limited ("Griffin" or the "Company") announces, further, and
consistent with, the announcement of 31(st) December 2021, that all staff and
contractors are scheduled to return to the Caijiaying Mine and that
underground mining operations are scheduled to recommence, on the 15(th) March
2022. The processing facilities will be initiated shortly thereafter.
Underground drilling at both Zones II & III will begin earlier than
planned on the 7(th) March 2022.

 

Chairman Mladen Ninkov commented, "I am grateful to all our professional
staff, employees and contractors in keeping to the scheduled re-start of
operations announced by the Company late last year. This is even more critical
in light of the spot zinc price trading over $4,000 tonne, the highest price
in over 15 years, and the significantly positive effect that will have on the
cash generated by our operations."

 

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

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

             Alisa 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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