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Griffin Mining Ld (GFM)

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Friday 04 March, 2022

Griffin Mining Ld

RE-OPENING OF CAIJIAYING MINE OPERATIONS UPDATE

RNS Number : 6074D
Griffin Mining Ld
04 March 2022
 

 

 

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]

 

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 31st December 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.


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

  Alisa 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   

  Telephone: + 41(0)71 354 8501



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