Progress Statement on the Re-opening of Caijiaying Mine Operations
4th March 2022
Griffin Mining Limited (“Griffin” or the “Company”) announces, further, and consistent with, the announcement of 31stDecember 2021, that all staff and contractors are scheduled to return to the Caijiaying Mine and that underground mining operations are scheduled to recommence, on the 15th March 2022. The processing facilities will be initiated shortly thereafter. Underground drilling at both Zones II & III will begin earlier than planned on the 7th March 2022.
Chairman Mladen Ninkov commented, “I am grateful to all our professional staff, employees and contractors in keeping to the scheduled re-start of operations announced by the Company late last year. This is even more critical in light of the spot zinc price trading over $4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations.”
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.
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