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Griffin Mining Ld (GFM)

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Thursday 20 June, 2019

Griffin Mining Ld

Trading Update

RNS Number : 9433C
Griffin Mining Ld
20 June 2019
 

20 June 2019

 

GRIFFIN MINING LIMITED

 

TRADING UPDATE

 

 

Griffin Mining Limited ("Griffin" or the "Company") wishes to provide a trading update in respect of trends indicated in the first 5 months of 2019 which, should current zinc prices and smelter treatment charges remain unchanged for the remainder of the year, will inevitably lead to the Company failing to meet market expectations for its 2019 full year. results.

 

Revenues have been impacted by increased smelter treatment charges with zinc smelter charges increasing by 65% from the same period in 2018. This follows the closure of a number of smelters in China, primarily for environmental reasons, impacting demand for zinc concentrate in China.  Griffin's Zinc and gold in concentrate production and costs are expected to be broadly in line with market expectations.

 

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU.

 

 

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman

Roger Goodwin - Finance Director and Company Secretary

 

Telephone: +44(0)20 7629 7772

 

Panmure Gordon (UK) Limited

Dominic Morley

 

Telephone: +44 (0)20 7886 2500

 

 

 

 

 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com


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.
 
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