Griffin Mining Ld First Quarter Production (4808I)

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: [e-mail]

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: [phone] 

Roger Goodwin - Finance Director

   Panmure Gordon (UK) Limited                                 Telephone: [phone] 

John Prior

Ailisa MacMaster

Berenberg Telephone: [phone]

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay

               Tim Blythe                                                       Telephone: [phone] 

Swiss Resource Capital AG

               J ochen Staiger                                                  Telephone: [phone] 

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April 19, 2022 02:01 ET (06:01 GMT)