RNS Number : 3245V
Griffin Mining Limited
31 January 2025
 

 

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

 

Disrupted Fourth Quarter & Full Year Production 2024

 

31st January 2025

 

Griffin Mining Limited ("Griffin" or the "Company") announces the production results from the Caijiaying Zinc Gold Mine for the disrupted three months and year ended 31st December 2024.

 



3 months to 31 December 2024

3 months to 30 September 2024

3 months to 30 June 2024

3 months to 31 March 2024

Ore mined

Tonnes

43,918

337,547

429,448

335,234

Ore processed

Tonnes

36,310

396,778

408,481

327,529

Zinc in concentrate produced

Tonnes

1,399

11,843

14,779

11,423

Gold in concentrate produced

Ozs

731

4,105

6,037

5,270

Silver in concentrate produced

Ozs

15,640

95,276

92,755

72,026

Lead in concentrate produced

Tonnes

97

468

454

277

Average zinc price received per tonne

USD

2,663

2,584

2,525

2,091

Average gold price received per oz

USD

2,519

2,343

2,293

2,026

Average silver price received per oz

USD

26.8

25.7

25.7

20.1

Average lead price received per tonne

USD

2,554

2,499

2,924

2,868

 



Year to

31 December 2024

Year to

31 December 2023

Ore mined

Tonnes

1,146,146

1,505,642

Ore processed

Tonnes

1,169,098

1,513,977

Zinc in concentrate produced

Tonnes

39,444

56,933

Gold in concentrate produced

Ozs

16,142

17,052

Silver in concentrate produced

Ozs

275,697

314,667

Lead in concentrate produced

Tonnes

1,295

1,546

Average zinc price received per tonne

USD

2,414

1,931

Average gold price received per oz

USD

2,228

1,952

Average silver price received per oz

USD

24.3

20.1

Average lead price received per tonne

USD

2,709

2,536

                                                                                                                                                       

Overview

As published in previous market guidance information, the Company was on course over the first 9 months of 2024 to mine and process 1.5 million tonnes at the Caijiaying Mine in 2024. The unfortunate suspension in operations on the 11th October 2024 following the fatality of a mine contractor's employee halted all operations at the Caijiaying Mine until the 1st January 2025 and severely impacted operational results in the last quarter of 2024. All mine and milling operations have returned to normal in 2025.

 

 

 

 

 

 

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 Liberum Limited                                            Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

             Douglas McLeod

           

Berenberg                                                                    Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

Deltir Elezi

 

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

 

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