Information  X 
Enter a valid email address

Griffin Mining Ld (GFM)

  Print          Annual reports

Wednesday 14 July, 2021

Griffin Mining Ld

Second Quarter Production

RNS Number : 1372F
Griffin Mining Ld
14 July 2021
 

 

 

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]

 

 

Second Quarter Production

14th  July 2021

 

 

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to 30th June 2021.

 

 

 

 

3 months to 30th  June 2021

3 months to 31st March 2021

3 months to 30th  June 2020

Ore mined

Tonnes

241,112

185,520

200,484

Ore processed

Tonnes

275,576

200,209

201,013

Zinc in concentrate Produced

Tonnes

11,645

8,231

8,431

Gold in concentrate produced

Ozs

4,080

3,504

1,237

Silver in concentrate produced

Ozs

81,098

63,607

69,163

Lead in concentrate produced

Tonnes

327

234

455

Average zinc price received per tonne

USD

2,224

2,161

1,332

Average gold price received per oz

USD

1,684

1,645

1,589

Average silver price received per oz

USD

20.4

20.0

14.4

Average lead price received per tonne

USD

2,026

1,591

1,195

 

 

Overview

Mining and processing have now reached the equivalent of over a million tonnes of ore per annum all of which has been extracted from Zone III with Zone II yet to come into production. Tonnes processed in the second quarter of 2021 were up 37.1% on that achieved in the second quarter of 2021 and zinc metal in concentrate produced was up 38.1% on that achieved in the second quarter of 2020.

 

Chairman Mladen Ninkov commented, "A tremendous first half year performance, traditionally the Company's weakest period due to Chinese New Year, where our performance target outlined to shareholders for 2021 is on track to be achieved. Mining and processing, on a monthly basis, have now reached the equivalent of 1.2 million tonnes of ore per annum throughput, all of which has been extracted, as planned, from Zone III. Zone II mine design has been completed and is on target to begin production in 2022. When combined with existing Zone III production, this will enable the Company to deliver on its commitment to reach the 1.5 million tonne production throughput by the end of 2022 . Quite frankly, I couldn't be prouder of this tight band of directors, senior ex pat staff, Chinese employees and contractors. A fantastic team effort."

 

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

 

Blytheweigh

  Tim Blythe  Telephone: +44(0)20 7138 3205

 

Swiss Resource Capital AG

  Jochen Staiger   

   Telephone: + 41(0)71 354 8501

 

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTFLFIDDLIVLIL

a d v e r t i s e m e n t