from Griffin Mining Ltd (LON:GFM)
Griffin Mining Limited Announces 3rd Quarter Results
LONDON, UK / ACCESSWIRE / October 12, 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
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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SOURCE: Griffin Mining Ltd.
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