REG - Griffin Mining Ltd - Temporary Reduction in Throughput

Griffin MiningAnnouncement

Today 07:00

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RNS Number : 7649Z  Griffin Mining Limited  18 September 2025

 

 

8(th) Floor, 54 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)

 
18(th) September 2025

 

Temporary Reduction in Throughput for the four months to the 31(st) December
2025

 

Griffin Mining Limited ("Griffin" or the "Company") announces today that the
Company has been requested by the relevant County, City and Provincial
Bureaus, in line with such requests to the majority of mining operations in
China, to reduce operational throughput in support of a safety initiative that
will run until the end of 2025. The current projection is a reduction in
throughput of approximately only 110,000 tonnes over the four months from
September to December 2025. Cooperation in this initiative is essential to
obtaining the relevant permitting and commissioning of Zone II and continuing
production from Zone III.

 

With the recent rises in gold and zinc prices, notwithstanding the reduction
in throughput, the Company expects that its financial results for the full
year to be in line with management expectations.

 

Chairman's Statement

 

Chairman Mladen Ninkov commented, "This temporary reduction in throughput is
not expected to materially affect full year financial results, particularly if
the current strength in commodity prices persists, but creates the necessary
environment with the Chinese regulatory authorities to engender the
appropriate respect as good operators in China to obtain the necessary
approvals to take the Caijiaying Mine to the next level."

 

 

 

Further information

 

Griffin Mining Limited

Mladen Ninkov -
Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Liberum Limited - Nominated Adviser & Joint Broker
                Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

              Zak Wadud

 

Berenberg - Joint Broker
 
Telephone: +44(0)20 3207 7800

                Matthew Armitt

 Jennifer Lee

 

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 (http://www.griffinmining.com/)

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