• Tuesday 19th April 2022

First Quarter Production

First Quarter Production

First Quarter Production

19th  April 2022

 

Griffin Mining Limited (“Griffin” or the “Company”) hereby announces the production results for the three months to 31st March 2022.

    3 months to 31stMarch 2022 3 months to 31stMarch 2021
Ore mined Tonnes 17,975 185,520
Ore processed Tonnes 8,649 200,209
Zinc in concentrate produced Tonnes 268 8,231
Gold in concentrate produced Ozs 1,474 3,504
Silver in concentrate produced Ozs 168 63,607
Lead in concentrate produced Tonnes 7 234
Average zinc price received per tonne USD 2,161
Average gold price received per oz USD 1,645
Average silver price received per oz USD 20.0
Average lead price received per tonne USD 1,591

 

Overview

As announced on the 18th March 2022, following the enforced suspension of all operations at the Caijiaying Mine for the Chinese Lunar New Year holiday celebrations, the Winter Olympics and the subsequent Winter Paralympics, mining recommenced on the 23rd March and processing on the 25th March 2022.

Since the recommencement of operations, mining and processing rates have steadily increased. Despite Covid-19 restrictions remaining in force throughout China, operational supplies and services continue to be delivered to the Caijiaying Mine. Since the end of the first quarter of 2022, 4,000 tonnes of zinc concentrate have already been sold.

 

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

John Prior

Ailisa MacMaster

Berenberg                     Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay                            Telephone: +44(0)20 7138 3205

Tim Blythe

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

Jochen Staiger