Griffin Mining Limited — Earnings Release 2023

Oct 12, 2023

National Storage Mechanism | Additional information

RNS Number : 8320P

Griffin Mining Limited

12 October 2023

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]

Third Quarter Production Results

12th October 2023

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to the 30th September 2023.

		3 months to 30th  September 2023	3 months to 30th June 2023	3 months to 30th  September 2022
Ore mined	Tonnes	363,406	366,762	267,304
Ore processed	Tonnes	367,024	372,804	309,465
Zinc in concentrate Produced	Tonnes	12,839	14,130	11,591
Gold in concentrate produced	Ozs	3,950	3,237	3,080
Silver in concentrate produced	Ozs	69,707	82,829	85,612
Lead in concentrate produced	Tonnes	284	468	373
Average zinc price received per tonne	USD	1,782	1,862	2,292
Average gold price received per oz	USD	1,900	1,851	1,661
Average silver price received per oz	USD	19.3	19.3	15.7
Average lead price received per tonne	USD	2,514	2,251	2,097

Overview

Production has been maintained at the Caijiaying Mine at an annualised equivalent rate of circa 1.5 million tonnes of ore mined and processed, all of which has been extracted from Zone III.

Zone II development work is ongoing including a new third portal, development of the decline and extension of the new South Ventilation Shaft.  

Chairman Mladen Ninkov commented, "Another solid quarter of production with thanks to all the Company's officers, employees and contractors."

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

Dougie McLeod

Berenberg                                                                  Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Lee    

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