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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Griffin Mining Limited | LSE:GFM | London | Ordinary Share | BMG319201049 | ORD $0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.36% | 140.00 | 140.00 | 141.00 | 140.00 | 138.00 | 140.00 | 199,303 | 14:49:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 94.4M | 7.7M | 0.0400 | 35.00 | 269.96M |
TIDMGFM
RNS Number : 2066V
Griffin Mining Ld
13 April 2021
GRIFFIN MINING LIMITED
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
13(th) April 2021
Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to 31(st) March 2021.
3 months to 3 months to 31(st) March 31(st) March 2021 2020 Ore mined Tonnes 185,520 114,206 -------- -------------- -------------- Ore processed Tonnes 200,209 122,523 -------- -------------- -------------- Zinc in concentrate Produced Tonnes 8,231 5,017 -------- -------------- -------------- Gold in concentrate produced Ozs 3,504 1,181 -------- -------------- -------------- Silver in concentrate produced Ozs 63,607 41,669 -------- -------------- -------------- Lead in concentrate produced Tonnes 234 176 -------- -------------- -------------- Average zinc price received per tonne USD 2,161 1,211 -------- -------------- -------------- Average gold price received per oz USD 1,645 1,508 -------- -------------- -------------- Average silver price received per oz USD 20.0 12.9 -------- -------------- -------------- Average lead price received per tonne USD 1,591 1,026 -------- -------------- --------------
Overview
As in previous years, production in the first quarter of the year was impacted by the Chinese New Year holidays when mining was suspended and processing scaled back as personnel leave during the holiday period allowing maintenance work to be undertaken. Production in the first quarter of 2020 had been impacted by the suspension of operations at Caijiaying imposed by the Chinese authorities for a month in late January / February and subsequent travel restrictions to contain the Covid 19 pandemic. However, tonnes processed in the first quarter of 2021 were up 12.1% on that achieved in the first quarter of 2019 of 178,615 tonnes and zinc metal in concentrate produced was up 12.8% on that achieved in the first quarter of 2019 of 7,303 tonnes.
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 Telephone: +44 (0)20 7629 7772 Mladen Ninkov - Chairman Roger Goodwin - Finance Director Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500 John Prior Joanna Langley Berenberg Telephone: +44 (0)20 3207 7800 Matthew Armitt Jennifer Wyllie Deltir Elezi Blythewigh Telephone: +44(0)20 7138 3205 Tim Blythe Swiss Resource Capital AG Telephone: + 41(0)71 354 8501 Jochen Staiger
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April 13, 2021 02:00 ET (06:00 GMT)
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