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April 2021

TRANSACTION IN OWN SHARES

TRANSACTION IN OWN SHARES

 16 April 2021

 

Griffin Mining Limited announces that on 16 April 2021 it purchased 32,000 ordinary shares of $0.01 each (“Ordinary Shares”) on the London Stock Exchange through Panmure Gordon (UK) Limited, in accordance with the terms of its share buy-back programme (the “Buy-back”) announced on 25 February 2021 (the “Programme”). The purchased shares will be held in treasury.

 

Date of purchase: 16 April 2021
Aggregate number of ordinary shares purchased: 32,000
Lowest price paid per share (pence per share): 142
Highest price paid per share (pence per share): 142
Volume weighted average price paid per share (pence per share): 142

 

The total number of ordinary shares of the Company (including treasury shares) following the purchase is 174,492,894. The Company now holds 782,500 shares in treasury. The total voting rights of the Company following the purchase is 173,710,394.

The total voting rights figure (173,710,394) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Griffin Mining Limited under the FCA’s Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedules below contain a summary of and detailed information about the purchases made by the Company’s broker, Panmure Gordon (UK) Limited on behalf of the Company.

 

Number of shares purchased Transaction price (pence per share) Time of transaction Execution venue
32,000 142 14:55 LSE

 

Further information

Griffin Mining Limited                                        Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

Panmure Gordon (UK) Limited                              Telephone: +44 (0)20 7886 2500

John Prior

Joanna Langley

Berenberg                                                     Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Blytheweigh                                             Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG                                     Telephone: +41(0)71 354 8501

Jochen Staiger

 

 

FIRST QUARTER PRODUCTION

First Quarter Production

13th April 2021

 

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to announce production results for the three months to 31st March 2021.

 

    3 months to 31stMarch 2021 3 months to 31stMarch 2020
Ore mined Tonnes 185,520 114,206
Ore processed Tonnes 200,209 122,523
Zinc in concentrate Produced Tonnes 8,231 5,017
Gold in concentrate produced Ozs 3,504 1,181
Silver in concentrate produced Ozs 63,607 41,669
Lead in concentrate produced Tonnes 234 176
Average zinc price received per tonne USD 2,161 1,211
Average gold price received per oz USD 1,645 1,508
Average silver price received per oz USD 20.0 12.9
Average lead price received per tonne USD 1,591 1,026

 

Overview

As in previous years, production in the first quarter of the year was impacted by the Chinese New Year holidays when mining was suspended and processing scaled back as personnel leave during the holiday period allowing maintenance work to be undertaken.  Production in the first quarter of 2020 had been impacted by the suspension of operations at Caijiaying imposed by the Chinese authorities for a month in late January / February and subsequent travel restrictions to contain the Covid 19 pandemic. However, tonnes processed in the first quarter of 2021 were up 12.1% on that achieved in the first quarter of 2019 of 178,615 tonnes and zinc metal in concentrate produced was up 12.8% on that achieved in the first quarter of 2019 of 7,303 tonnes.

 

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 giffinmining.com.

 

Further information

 Griffin Mining Limited                                        Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

Panmure Gordon (UK) Limited                              Telephone: +44 (0)20 7886 2500

John Prior

Joanna Langley

Berenberg                                                     Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Blytheweigh                                             Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG                                     Telephone: +41(0)71 354 8501

Jochen Staiger