Griffin Mining Limited — Earnings Release 2022

Apr 19, 2022

National Storage Mechanism | Additional information

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: [email protected]

First Quarter Production

19th  April 2022.

Griffin Mining Limited ("Griffin" or the "Company") hereby announces the production results for the three months to 31st March 2022.

		3 months to 31st March 2022	3 months to 31st March 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 18th 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 23rd March and processing on the 25th 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

Jochen Staiger                                                  Telephone: +41 (0)71 354 8501

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