Griffin Mining Ld Trading Update (9433C)
20 Juni 2019 - 4:51PM
UK Regulatory
TIDMGFM
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 Telephone: +44(0)20 7629
Mladen Ninkov - Chairman 7772
Roger Goodwin - Finance Director and Company
Secretary
Panmure Gordon (UK) Limited Telephone: +44 (0)20
Dominic Morley 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 rns@lseg.com or visit www.rns.com.
END
TSTURSSRKKANUAR
(END) Dow Jones Newswires
June 20, 2019 10:51 ET (14:51 GMT)
Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jul 2023 bis Jul 2024