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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% | 140.50 | 140.00 | 141.00 | 142.00 | 138.00 | 139.00 | 254,499 | 16:35:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 94.4M | 7.7M | 0.0400 | 35.25 | 271.89M |
From Apr 2019 to Apr 2024
TIDMGFM
RNS Number : 6254L
Griffin Mining Ld
14 January 2021
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
Fourth Quarter and Full Year 2020 Production
14(th) January 2021.
Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months and year ended 31(st) December 2020.
Hot Features
Premium
3 months 3 months 3 months 3 months
to 31(st) to 30(th) to 30(th) to 31(st)
March 2020 June 2020 September December
2020 2020
Ore mined Tonnes 114,206 200,484 248,361 291,515
-------- ------------ ----------- ----------- -----------
Ore processed Tonnes 122,523 201,013 225,002 273,520
-------- ------------ ----------- ----------- -----------
Zinc in concentrate
Produced Tonnes 5,017 8,431 7,758 11,266
-------- ------------ ----------- ----------- -----------
Gold in concentrate
produced Ozs 1,181 1,237 4,906 3,926
-------- ------------ ----------- ----------- -----------
Silver in concentrate
produced Ozs 41,669 69,163 82,788 98,681
-------- ------------ ----------- ----------- -----------
Lead in concentrate
produced Tonnes 176 455 400 397
-------- ------------ ----------- ----------- -----------
Average zinc
price received
per tonne USD 1,211 1,332 1,615 1,992
-------- ------------ ----------- ----------- -----------
Average gold
price received
per oz USD 1,508 1,589 1,800 1,764
-------- ------------ ----------- ----------- -----------
Average silver
price received
per oz USD 12.9 14.4 19.5 19.1
-------- ------------ ----------- ----------- -----------
Average lead
price received
per tonne USD 1,026 1,194 1,584 1,286
-------- ------------ ----------- ----------- -----------
Year to Year to
31(st) December 31st December 2019
2020
Ore mined Tonnes 854,566 862,029
-------- ----------------- --------------------
Ore processed Tonnes 822,058 930,613
-------- ----------------- --------------------
Zinc in concentrate Produced Tonnes 32,472 37,413
-------- ----------------- --------------------
Gold in concentrate produced Ozs 11,250 17,768
-------- ----------------- --------------------
Silver in concentrate
produced Ozs 292,301 344,228
-------- ----------------- --------------------
Lead in concentrate produced Tonnes 1,428 1,219
-------- ----------------- --------------------
Average zinc price received
per tonne USD 1,638 1,471
-------- ----------------- --------------------
Average gold price received
per oz USD 1,752 1,318
-------- ----------------- --------------------
Average silver price received
per oz USD 17.6 13.8
-------- ----------------- --------------------
Average lead price received
per tonne USD 1,334 1,575
-------- ----------------- --------------------
Overview
As reported in our Interim Statement (published on 23 July), production for the first six months of 2020 was impacted by the suspension of operations at Caijiaying imposed by the Chinese authorities for a month in late January / February and subsequent travel restrictions with consequent difficulties in returning mining personnel to Caijiaying resulting in reduced levels of activity.
The situation at the mine site started to improve from March onwards and by the second half of the year, Caijiaying was approaching pre-Covid levels of production.
Mladen Ninkov, Chairman, commented:
" I'm extremely pleased with the operating results for 2020, in particular considering all the difficulties associated with COVID-19. The last quarter's results indicate what the Company can and will deliver in 2021. "
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
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
Joanna Langley
Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Wyllie
Deltir Elezi
Blytheweigh
Tim Blythe Telephone: +44(0)20 7138 3205
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
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END
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(END) Dow Jones Newswires
January 14, 2021 02:00 ET (07:00 GMT)
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