RNS Number : 4286Q
Griffin Mining Limited
10 July 2025
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
Record Gold & Silver Production
10th July 2025
Griffin Mining Limited ("Griffin" or the "Company") is very pleased to announce quarterly production results for the three months to the 30th June 2025.
3 months to 30th June 2025
3 months to 31st March 2025
3 months to 30th June 2024
Ore mined
Tonnes
358,938
223,745
429,448
Ore processed
Tonnes
347,508
241,344
408,481
Zinc in concentrate Produced
Tonnes
10,541
6,552
14,779
Gold in concentrate produced
Ozs
6,270
2,433
6,037
Silver in concentrate produced
Ozs
119,602
43,618
92,755
Lead in concentrate produced
Tonnes
457
251
454
Average zinc price received per tonne
USD
2,114
2,278
2,525
Average gold price received per oz
USD
3,156
2,740
2,293
Average silver price received per oz
USD
28.3
26.9
25.7
Average lead price received per tonne
USD
3,071.3
2,634
2,924
Overview
Production at the Caijiaying Mine has now fully recovered following the suspension of operations in the last quarter of 2024 and it's negative flow-on effects into the first quarter of 2025.
In light of the historically high gold prices, record amounts of gold and silver were produced in the second quarter of 2025 providing an indication of the future of production at the Caijiaying Mine.
Zone II continues on schedule to be brought into production in the last quarter of 2025.
Chairman Mladen Ninkov commented,
"The management employees and contractors of the Company have all worked in unison to return the Caijiaying Mine to its normal throughput profile in the second quarter of 2025. The bonus to this result has been the record gold and silver production in the second quarter which has meant that precious metal revenues reached approximately 50% of all revenues in recent months and confirmed the long term future of the Caijiaying Mine. We are all excited by what lies ahead."
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
Telephone: +44(0)20 7629 7772
Mladen Ninkov - Chairman
Roger Goodwin - Finance Director
Panmure Liberum Limited Telephone: +44 (0)20 7886 2500
James Sinclair-Ford
Zak Wadud
Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Lee
Deltir Elezi
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