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First Quarter Production 13th April 2021

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Griffin Mining Limited ("Griffin" or the "Company" - https://www.commodity-tv.com/ondemand/companies/profil/griffin-mining-ltd/) is pleased to announce production results for the three months to 31st March 2021.

 

 

 

3 months to 31st March 2021

3 months to 31st March 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
Mladen Ninkov – Chairman                             Telephone: +44(0)20 7629 7772
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
Tim Blythe                                                      Telephone: +44(0)20 7138 3205

Swiss Resource Capital AG


Jochen Staiger                         

          [email protected]

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

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