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First Quarter Production 19th April 2022

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Griffin Mining Limited ("Griffin" or the "Company" - https://www.commodity-tv.com/ondemand/companies/profil/griffin-mining-ltd/ ) hereby announces the production results for the three months to 31st March 2022.

  

3 months to 31st March 2022

3 months to 31st March 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

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

Ailisa MacMaster

 

Berenberg Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay

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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