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Griffin Mining Ld (GFM)

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Tuesday 13 April, 2021

Griffin Mining Ld

First Quarter Production

RNS Number : 2066V
Griffin Mining Ld
13 April 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]

 

First Quarter Production

13th April 2021

 

Griffin Mining Limited ("Griffin" or the "Company") 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

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

Joanna Langley

 


Berenberg

Telephone: +44 (0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 


Blythewigh

Telephone: +44(0)20 7138 3205

Tim Blythe

 


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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