Monthly Archives :

February 2011

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 24th February 2011 Panmure Gordon purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 65p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.05% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 178,691,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 23rd February 2011 Panmure Gordon purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 67p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.05% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 178,791,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 10th February 2011 Panmure Gordon purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 65.5p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.05% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 178,891,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Trading Statement – Increased Production

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to report an increase in production at its Caijiaying zinc-gold mine in China in the year ended 31st December 2010 despite the suspension of operations for almost 4 months at Caijiaying from September to December 2010.

In summary:

  • 389,496 tonnes of ore was processed, compared to 276,880 tonnes in 2009, a 40.6% increase;
  • 22,044 tonnes of zinc metal in concentrate was produced, compared to 17,167 tonnes in 2009, a 28% increase;
  • 7,067 ounces of gold in concentrate was produced, compared to 3,726 ounces in 2009, a 90% increase;
  • 157,679 ounces of silver in concentrate was produced, compared to 89,222 ounces in 2009, a 77% increase; and
  • 690 tonnes of lead in concentrate was produced, compared to 500 tonnes in 2009, a 38% increase.

Commissioning of the newly expanded processing facilities to process in excess of 750,000 tonnes of ore per annum has been virtually completed,. Mining and haulage of ore has also been increased to meet the expanded processing capacity of the mill.

Mladen Ninkov, Griffin’s Chairman, commented: “Despite the suspension of activities at Caijiaying in September through early December following the deaths of two employees of the mining contractor, Caijiaying still managed to outperform what was achieved in 2009. With increasing metal prices, the completion of the plant upgrade and a full year of operations in front of us, I am looking forward to significantly better results in 2011”

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 9th February 2011 Panmure Gordon purchased 50,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 64p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.03% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 178,991,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 8th February 2011 Panmure Gordon purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 64p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.05% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 179,041,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Transaction in Own Shares

Griffin Mining Ltd (“the Company”) announces that on 7th February 2011 Panmure Gordon purchased 100,000 of the Company’s own ordinary shares (“Ordinary Shares”) at an average price of 65p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the “Purchase and Cancellation”).

The purchase represented 0.05% of the Company’s issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 179,141,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

Share Buy-back Agreement

Griffin Mining Limited (“Griffin” or the “Company”) announces that it has entered into an irrevocable and non-discretionary arrangement with Panmure Gordon to repurchase on its behalf and within certain pre-set parameters, ordinary shares in the Company during the period commencing 1 February 2011 and ending on the date on which it publishes its final results for the year ended 31 December 2010. This arrangement is in accordance with the Company’s general authority to repurchase shares.