REG - Griffin Mining Ltd - RECORD GOLD & SILVER PRODUCTION

Griffin MiningAnnouncement

10/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250710:nRSJ4286Qa&default-theme=true

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 (mailto:griffin@griffinmining.com)

 

Trading Statement

 

Record Gold & Silver Production

 

10(th)  July 2025

 

Griffin Mining Limited ("Griffin" or the "Company") is very pleased to
announce quarterly production results for the three months to the 30(th) June
2025.

 

                                                3 months to 30(th)  June 2025   3 months to   31(st) March 2025    3 months to   30(th)  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

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTRLMFTMTJMBTA