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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

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Share Price: 152.00
Bid: 150.00
Ask: 155.00
Change: 0.00 (0.00%)
Spread: 5.00 (3.333%)
Open: 152.00
High: 0.00
Low: 0.00
Prev. Close: 152.00
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AIM WINNERS & LOSERS: Ormonde Falls Amid Issues With Congo Transaction

Thu, 18th Feb 2021 11:26

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Scirocco Energy, up 28% at 1.22 pence, 12-month range 0.3p-2.69p. The investing company notes positive update provided by Helium One announcing the commencement of its infill seismic campaign with mobilisation of survey and line-clearing crews to its Rukwa helium project in Tanzania. Helium One shares up 0.3%.

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ADVFN, up 12% at 36.90p, 12-month range 10p-43p. The investing website operator posts a swing to profit for the first half of its current financial year, crediting the improvement to change in its strategy as a result of the pandemic, as well as to market volatility. For the six months ended December 31, ADVFN posts pretax profit of GBP261,000, swinging from a loss of GBP399,000 a year prior. This was as revenue rose 11% to GBP4.2 million from GBP3.8 million, and administrative expenses fell 7.5% to GBP3.7 million from GBP4.0 million.

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Griffin Mining, up 9.0% at 158p, 12-month range 30p-160p. The miner reports new global mineral resource estimate for its Caijiaying zinc-gold mine in China. Says the new global mineral resources are from the four main deposit zones. Total contained metal is 4.0 million tonnes of zinc, 600,000 tonnes of lead, 88.8 million ounces of silver, and 1.6 million ounces of gold. This is an increase of about 50% from the previous mineral resource, which incorporated zones II and III only. The recent resource increase has now triggered a development programme to be commenced to enable increased production to 1.5 million tonnes per annum, Griffin delivering an 80% production increase in the next two years.

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1Spatial, up 5.1% at 31.00p, 12-month range 13p-33p. Cambridge-based location data software provider says it secured a contract to deliver a digital system map of the UK's energy system to support a pathway to net zero.

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AIM - LOSERS

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Ormonde Mining, down 22% at 1.86p, 12-month range 0.42p-3.48p. The Irish natural resource company says the resolutions due to be considered at Thursday's reconvened annual general meeting have been withdrawn and the meeting dissolved. Notes it has come to the decision to dissolve the AGM as a result of being unable to obtain the support of its largest shareholder for resolutions 6 and 7. Resolution 6 would have allowed the company to issue shares to third parties as consideration for a transaction. Says approval of resolution 6 was necessary to facilitate the timely completion of the proposed acquisition of a number of copper and polymetallic licenses in the Republic of the Congo, under terms which have been under discussion for several months and are largely agreed.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
18 Mar 2022 14:56

IN BRIEF: Griffin Mining restarts operations at Caijiaying mine

Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Restarts underground operations at the Caijiaying zinc gold mine in the Hebei Province in China. The mill facilities are scheduled to start processing ore again on March 25.

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18 Mar 2022 14:02

Griffin restarts operations at Caijiaying Mine

(Sharecast News) - Griffin Mining announced on Friday that underground operations had now restarted at the Caijiaying Mine, and that the mill facilities were scheduled to recommence processing ore on 25 March.

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4 Mar 2022 11:13

AIM WINNERS & LOSERS: Griffin restarts Caijiaying; Ten Lifestyle drops

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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4 Mar 2022 11:00

Griffin Mining shares rise on planned restart of Caijiaying operations

(Alliance News) - Griffin Mining Ltd on Friday said underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15.

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4 Mar 2022 09:42

LONDON BROKER RATINGS: JPMorgan cuts Polymetal; Panmure raises Melrose

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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2 Feb 2022 19:37

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

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2 Feb 2022 12:32

Griffin appoints new operations chief from Caijiaying Mine

(Sharecast News) - Griffin Mining announced the resignation of Damien Houseman as the general manager of Caijiaying Mine on Thursday, with current mine manager John Steel being appointed as its chief operating officer with immediate effect.

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18 Jan 2022 20:39

TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

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7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

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31 Dec 2021 11:26

Griffin expecting 'bleak' first quarter as mine closes for Winter Olympics

(Sharecast News) - Griffin Mining announced on Friday that mining and milling operations ceased on the night shift last night and, as was customary practice for the Caijiaying Mine, would remain closed during the Chinese New Year holiday period.

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31 Dec 2021 08:49

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

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31 Dec 2021 07:44

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

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5 Nov 2021 16:06

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

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12 Oct 2021 12:14

IN BRIEF: Griffin pleased with quarterly production but stays cautious

IN BRIEF: Griffin pleased with quarterly production but stays cautious

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12 Oct 2021 09:44

Griffin Mining sees growth in ore mined and processed

(Sharecast News) - Mine operator Griffin Mining said on Tuesday that ore mined and processed had now reached roughly 100,000 tonnes per month.

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