REG - Griffin Mining Ld - Trading Statement

Griffin MiningAnnouncement

23/10/2020 07:01

RNS Number : 9613C
  
Griffin Mining Ld
  
23 October 2020
  
 

GRIFFIN 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
 
Trading Statement
 
23rd October  2020
 
Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months ended 30th September 2020. 
 











3 months to
31st March 2020


3 months to 30th June 2020


3 months to
30th September 2020




Ore mined


Tonnes


114,206


200,484


248,361




Ore processed


Tonnes


126,174


195,340


236,078




Zinc in concentrate Produced


Tonnes


5,017


8,431


7,758




Gold in concentrate produced


Ozs


1,181


1,237


4,906




Silver in concentrate produced


Ozs


41,669


69,163


82,788




Lead in concentrate produced


Tonnes


176


455


400




Average zinc price received per tonne


USD


1,215


1,342


1,595




Average gold price received per oz


USD


1,512


1,600


1,778




Average silver price received per oz


USD


12.9


14.5


19.3




Average lead price received per tonne


USD


1,029


1,203


1,564



 
Mladen Ninkov, Chairman, commented:
"To better keep the market informed on a more frequent basis, the Company has instituted the above quarterly production schedule which will ensure the market is capable of estimating the financial results of the Company until the interim and annual results are published. As can be deemed from the above production numbers, mining and processing rates in the period have recovered back to pre-Covid levels which, when taken with the higher average metal prices and lower treatment charges, has had a very positive result in terms of the Company's profitability and improved cash flows. The trend seems to be continuing into the fourth quarter."
Further information
 



Griffin Mining Limited
Mladen Ninkov - Chairman
Roger Goodwin - Finance Director
 


Telephone: +44(0)20 7629 7772




Panmure Gordon (UK) Limited
             Dominic Morley
 


Telephone: +44 (0)20 7886 2500




Berenberg
             Matthew Armitt
             Jennifer Wyllie
             Deltir Elezi
 


Telephone: +44(0)20 3207 7800



 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
 
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).
The Company's news releases are available on the Company's web site: www.griffinmining.com

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