TIDMGFM

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: griffin@griffinmining.com

Third Quarter Production Results

12(th) October 2023

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

 
                                               3 months     3 months     3 months 
                                              to 30(th)    to 30(th)    to 30(th) 
                                              September    June 2023    September 
                                                   2023                      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

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

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October 12, 2023 02:00 ET (06:00 GMT)

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