Griffin Mining Limited: Progress Statement on the Re-opening of Caijiaying Mine Operations
4th March 2022. 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 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
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
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]
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
