Griffin Mining Ld First Quarter Production (2066V)
April 13 2021 - 01:00AM
UK Regulatory
TIDMGFM
RNS Number : 2066V
Griffin Mining Ld
13 April 2021
GRIFFIN MINING LIMITED
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
First Quarter Production
13(th) April 2021
Griffin Mining Limited ("Griffin" or the "Company") is pleased
to announce production results for the three months to 31(st) March
2021.
3 months to 3 months to
31(st) March 31(st) March
2021 2020
Ore mined Tonnes 185,520 114,206
-------- -------------- --------------
Ore processed Tonnes 200,209 122,523
-------- -------------- --------------
Zinc in concentrate Produced Tonnes 8,231 5,017
-------- -------------- --------------
Gold in concentrate produced Ozs 3,504 1,181
-------- -------------- --------------
Silver in concentrate produced Ozs 63,607 41,669
-------- -------------- --------------
Lead in concentrate produced Tonnes 234 176
-------- -------------- --------------
Average zinc price received
per tonne USD 2,161 1,211
-------- -------------- --------------
Average gold price received
per oz USD 1,645 1,508
-------- -------------- --------------
Average silver price received
per oz USD 20.0 12.9
-------- -------------- --------------
Average lead price received
per tonne USD 1,591 1,026
-------- -------------- --------------
Overview
As in previous years, production in the first quarter of the
year was impacted by the Chinese New Year holidays when mining was
suspended and processing scaled back as personnel leave during the
holiday period allowing maintenance work to be undertaken.
Production in the first quarter of 2020 had been impacted by the
suspension of operations at Caijiaying imposed by the Chinese
authorities for a month in late January / February and subsequent
travel restrictions to contain the Covid 19 pandemic. However,
tonnes processed in the first quarter of 2021 were up 12.1% on that
achieved in the first quarter of 2019 of 178,615 tonnes and zinc
metal in concentrate produced was up 12.8% on that achieved in the
first quarter of 2019 of 7,303 tonnes.
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 Telephone: +44 (0)20 7629 7772
Mladen Ninkov - Chairman
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
Blythewigh Telephone: +44(0)20 7138 3205
Tim Blythe
Swiss Resource Capital AG Telephone: + 41(0)71 354 8501
Jochen Staiger
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of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
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END
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