Griffin Mining Limited DISRUPTED LAST QUARTER & FULL YEAR PRODUCTION 2024

RNS Number : 3245V

Griffin Mining Limited

31 January 2025

 

 

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]

 

Disrupted Fourth Quarter & Full Year Production 2024

 

31^st January 2025

 

Griffin Mining Limited ("Griffin" or the "Company") announces the production results from the Caijiaying Zinc Gold Mine for the disrupted three months and year ended 31^st December 2024.

 

		3 months to 31 December 2024	3 months to 30 September 2024	3 months to 30 June 2024	3 months to 31 March 2024
Ore mined	Tonnes	43,918	337,547	429,448	335,234
Ore processed	Tonnes	36,310	396,778	408,481	327,529
Zinc in concentrate produced	Tonnes	1,399	11,843	14,779	11,423
Gold in concentrate produced	Ozs	731	4,105	6,037	5,270
Silver in concentrate produced	Ozs	15,640	95,276	92,755	72,026
Lead in concentrate produced	Tonnes	97	468	454	277
Average zinc price received per tonne	USD	2,663	2,584	2,525	2,091
Average gold price received per oz	USD	2,519	2,343	2,293	2,026
Average silver price received per oz	USD	26.8	25.7	25.7	20.1
Average lead price received per tonne	USD	2,554	2,499	2,924	2,868

 

		Year to 31 December 2024	Year to 31 December 2023
Ore mined	Tonnes	1,146,146	1,505,642
Ore processed	Tonnes	1,169,098	1,513,977
Zinc in concentrate produced	Tonnes	39,444	56,933
Gold in concentrate produced	Ozs	16,142	17,052
Silver in concentrate produced	Ozs	275,697	314,667
Lead in concentrate produced	Tonnes	1,295	1,546
Average zinc price received per tonne	USD	2,414	1,931
Average gold price received per oz	USD	2,228	1,952
Average silver price received per oz	USD	24.3	20.1
Average lead price received per tonne	USD	2,709	2,536

                                                                                                                                                       

Overview

As published in previous market guidance information, the Company was on course over the first 9 months of 2024 to mine and process 1.5 million tonnes at the Caijiaying Mine in 2024. The unfortunate suspension in operations on the 11^th October 2024 following the fatality of a mine contractor's employee halted all operations at the Caijiaying Mine until the 1^st January 2025 and severely impacted operational results in the last quarter of 2024. All mine and milling operations have returned to normal in 2025.

 

 

 

 

 

 

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 Liberum Limited                                            Telephone: [phone]

             James Sinclair-Ford

             Douglas McLeod

           

Berenberg                                                                    Telephone: [phone]

            Matthew Armitt

Jennifer Lee

Deltir Elezi

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

 

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