Griffin Mining Ld First Quarter Production (4808I)
19 April 2022 - 8:01AM
UK Regulatory
TIDMGFM
RNS Number : 4808I
Griffin Mining Ld
19 April 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: griffin@griffinmining.com
First Quarter Production
19(th) April 2022.
Griffin Mining Limited ("Griffin" or the "Company") hereby
announces the production results for the three months to 31(st)
March 2022.
3 months to 3 months to
31(st) March 31(st) March
2022 2021
Ore mined Tonnes 17,975 185,520
Ore processed Tonnes 8,649 200,209
Zinc in concentrate produced Tonnes 268 8,231
Gold in concentrate produced Ozs 1,474 3,504
Silver in concentrate produced Ozs 168 63,607
Lead in concentrate produced Tonnes 7 234
Average zinc price received
per tonne USD - 2,161
Average gold price received
per oz USD - 1,645
Average silver price received
per oz USD - 20.0
Average lead price received
per tonne USD - 1,591
Overview
As announced on the 18(th) March 2022, following the enforced
suspension of all operations at the Caijiaying Mine for the Chinese
Lunar New Year holiday celebrations, the Winter Olympics and the
subsequent Winter Paralympics, mining recommenced on the 23(rd)
March and processing on the 25(th) March 2022.
Since the recommencement of operations, mining and processing
rates have steadily increased. Despite Covid-19 restrictions
remaining in force throughout China, operational supplies and
services continue to be delivered to the Caijiaying Mine. Since the
end of the first quarter of 2022, 4,000 tonnes of zinc concentrate
have already been sold.
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
griffinmining.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
Ailisa 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
J ochen Staiger Telephone: +41 (0)71 354 8501
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of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
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END
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