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Progress statement on the re-opening of Caijiaying Mine operations





 

Griffin Mining Limited (\”Griffin\” or the \”Company\” – https://www.commodity-tv.com/ondemand/companies/profil/griffin-mining-ltd/) announces, further, and consistent with, the announcement of 31st December 2021, that all staff and contractors are scheduled to return to the Caijiaying Mine and that underground mining operations are scheduled to recommence, on the 15th March 2022. The processing facilities will be initiated shortly thereafter. Underground drilling at both Zones II & III will begin earlier than planned on the 7th March 2022.

Chairman Mladen Ninkov commented, “I am grateful to all our professional staff, employees and contractors in keeping to the scheduled re-start of operations announced by the Company late last year. This is even more critical in light of the spot zinc price trading over $4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations.”

About Griffin Mining Limited 

Griffin Mining Limitedâ€?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 Companyâ€?s website giffinmining.com.

Further information

Griffin Mining Limited

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

Telephone: +44(0)20 7629 7772

Panmure Gordon (UK) Limited

John Prior

Alisa MacMaster

Telephone: +44 (0)20 7886 2500

 

Berenberg

Matthew Armitt

Jennifer Wyllie

Deltir Elezi                                                                

Telephone: +44(0)20 3207 7800

 

Blytheray

Tim Blythe                                                     

Telephone: +44(0)20 7138 3205

Swiss Resource Capital AG

Jochen Staiger                         

Telephone: +41(0)71 354 8501

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





Posted by on 4. March 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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