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|
|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|
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.
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
Berenberg Telephone: +44(0)20 3207 7800
BlytheRay Telephone: +44(0)20 7138 3205
Swiss Resource Capital AG Telephone: +41 (0)71 354 8501