REG - Griffin Mining Ltd - 3rd Quarter Results

Griffin MiningAnnouncement

12/10/2023 07:00

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RNS Number : 8320P  Griffin Mining Limited  12 October 2023

 

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)

 

 

Third Quarter Production Results

 

12(th) October 2023

 

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce
production results for the three months to the 30(th) September 2023.

 

                                                3 months to 30(th)  September 2023   3 months to 30(th) June 2023  3 months to 30(th)  September 2022
 Ore mined                              Tonnes  363,406                              366,762                       267,304
 Ore processed                          Tonnes  367,024                              372,804                       309,465
 Zinc in concentrate Produced           Tonnes  12,839                               14,130                        11,591
 Gold in concentrate produced           Ozs     3,950                                3,237                         3,080
 Silver in concentrate produced         Ozs     69,707                               82,829                        85,612
 Lead in concentrate produced           Tonnes  284                                  468                           373
 Average zinc price received per tonne  USD     1,782                                1,862                         2,292
 Average gold price received per oz     USD     1,900                                1,851                         1,661
 Average silver price received per oz   USD     19.3                                 19.3                          15.7
 Average lead price received per tonne  USD     2,514                                2,251                         2,097

 

 

Overview

Production has been maintained at the Caijiaying Mine at an annualised
equivalent rate of circa 1.5 million tonnes of ore mined and processed, all of
which has been extracted from Zone III.

Zone II development work is ongoing including a new third portal, development
of the decline and extension of the new South Ventilation Shaft.

 

Chairman Mladen Ninkov commented, "Another solid quarter of production with
thanks to all the Company's officers, employees and contractors."

 

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

             Dougie McLeod

 

Berenberg
 
Telephone: +44(0)20 3207 7800

            Matthew Armitt

            Jennifer Lee

 

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