Griffin Mining Ld

Chinese New Year & Winter Olympic Games Shut Down

RNS Number : 0754X
Griffin Mining Ld
31 December 2021
 

GRIFFIN MINING LIMITED

 

 

 

8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: [email protected]

 

Chinese New Year and Winter Olympic & Paralympic Games Shut Down

 

31st December 2021

 

Griffin Mining Limited ("Griffin" or the "Company") announces, in accordance with the previous announcement made on the 5th October 2021, that mining and milling operations ceased on the night shift last night and , as is customary practice for the Caijiaying Mine, mining operations will remain closed during the Chinese New Year holiday period with the cessation extended into the first quarter of 2022 due to the Winter Olympic and Paralympic Games and re-open on the 14th March 2022.

 

Chairman Mladen Ninkov commented, "As forewarned in October of this year, the mining and milling operations will remain closed for the Chinese New Year holiday period, the Winter Olympic Games and Paralympic Games and re-open on the 14th March 2022. This will, obviously, cause a bleak financial first quarter for the Company in 2022. However, we remain grateful to the various levels of government in the People's Republic of China in allowing the Company to operate in the lead up period to this high profile and joyous event and acknowledge the tremendous achievement in Beijing becoming the first city in history to have hosted both the summer and winter Olympic Games. We wish the games every success."

 

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

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

Ailsa Macmaster

 


Berenberg

Telephone: +44 (0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 


Blythewigh

Telephone: +44(0)20 7138 3205

Tim Blythe

Megan Ray

 


Swiss Resource Capital AG

Telephone: + 41(0)71 354 8501

Jochen Staiger


 

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

 

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