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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

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

Fri, 04th Mar 2022 11:13

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

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AIM - WINNERS

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Griffin Mining Ltd, up 8.2% at 86.55p, 12-month range 80.80p-149.00p. Underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15. The processing facilities will be initiated shortly thereafter, and then underground drilling at both zones two and three will commence earlier than planned on Monday next week. "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 USD4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations," says Chair Mladen Ninkov.

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AIM - LOSERS

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CVS Group PLC, down 2.8% at 1,664.00p, 12-month range 1,580.00p-2,770.00p. The UK Competition & Markets Authority says it could the clear veterinary services firm's acquisition of Quality Pet Care following undertakings offered by the Norfolk-based veterinary services provider. The undertakings offered by CVS include the divestment of the entire The Vet business. The UK watchdog now has until May 4 to decide on whether it will accept the undertakings, but has the option to extend its timeframe to July 1 should there be exceptional reasons for doing so. In August, CVS announced its acquisition of Quality Pet Care, which trades as The Vet for GBP20.4 million. However in September, the UK CMA had opened an investigation into the deal, and in February had judged that the acquisition would reduce competition in Bristol, Nottingham, Portsmouth, Southampton and Warrington.

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Globalworth Real Estate Investments Ltd, down 5.1% at EUR5.58, 12-month range EUR5.58-EUR7.48. Swings to profit in 2021, thanks to a reduced fair value loss on its investment property portfolio. It reported pretax profit of EUR62.1 million last year, compared to a loss of EUR30.5 million in 2020. Globalworth recorded a fair value loss on investment property of just EUR5.7 million, compared to EUR116.2 million in 2020. Revenue slipped slightly by 1.7% to EUR219.4 million in 2021 from EUR223.3 million, with higher expenses driving net operating income down 8.3% to EUR144.3 million from EUR157.3 million. Total combined portfolio value rose 3.9% to EUR3.2 billion as of December 31. Preliminary EPRA net reinstatement value was EUR1.9 billion, or EUR8.66 per share at December 31, a slight decrease from EUR8.68 a year before.

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Ten Lifestyle Group PLC, down 24% at 80.70p, 12-month range 80.50p-122.00p. Expects earnings for its 2022 financial year to be below expectations, due to the effect of the Omicron variant. For the year ending August 31, Ten Lifestyle expects to report a rise in adjusted earnings before interest, tax, depreciation and amortisation above the GBP4.4 million posted the year before, but the figure is set to be below expectations. This is due to a reduction in member requests since December after the emergence of the Omicron variant of Covid-19. In addition, net revenue for the year remains in line with management expectations, as new contract wins launching in the second half and the easing pandemic offset the effect of Omicron. Looking further ahead, Ten Lifestyle expects the new contract wins to increase revenue and profitability in line with its expectations for the 2023 financial year.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2024 14:29

EARNINGS AND TRADING: Griffin Mining profit up; Secure Trust confident

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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15 May 2024 12:19

Griffin Mining revenue, profits jump in 2023

(Sharecast News) - Griffin Mining reported a substantial increase in revenue in its final results for 2023 on Wednesday, to $146.02m, compared to $94.4m in 2022.

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1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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24 Apr 2024 12:26

Griffin Mining subsidiary adds wind energy to Caijiaying Mine

(Sharecast News) - Griffin Mining announced a significant milestone in its sustainability strategy on Wednesday, as its subsidiary Hebei Hua Ao Mining Industry Company (HHA), inked an agreement with Zhangjiakou Guoao New Energy (ZGNE) to exclusively use energy generated from two 6.3MW wind turbines, collectively generating 12.6MW of wind power, at the Caijiaying Mine.

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24 Apr 2024 11:26

Griffin Mining inks deal for Caijaying to be powered by green energy

(Alliance News) - Griffin Mining Ltd on Wednesday said its operating subsidiary Hebei Hua Ao Mining Industry Co Ltd has entered into a deal with Zhangjiakou Guoao New Energy Co Ltd for the Caijaying mine to be 100% powered by green, renewable energy.

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12 Apr 2024 11:30

Griffin Mining begins buyback due to "undervalued" share price

(Alliance News) - Griffin Mining Ltd on Friday commenced a share buyback programme, spurned by what the company deemed an undervaluation of its share price.

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11 Apr 2024 14:22

Griffin Mining production takes hit from Lunar New Year holidays

(Alliance News) - Griffin Mining Ltd on Tuesday reported a drop in quarterly production, following disruption to operations from the Chinese Lunar New Year and Spring Festival holidays.

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11 Apr 2024 09:59

Griffin Mining confident despite first quarter production weakness

(Sharecast News) - Griffin Mining updated the market on production at the Caijiaying zinc-gold mine for the March quarter on Thursday, reporting that operations were affected by the Chinese Lunar New Year and Spring Festival holidays.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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23 Feb 2024 12:48

Board member resigns from Griffin Mining's HHA subsidiary

(Sharecast News) - Griffin Mining announced the resignation of Shengchang Jin from his position as a director of Hebei Hua Ao Mining (HHA), an operating subsidiary owned 88.8% by the company, on Friday.

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17 Jan 2024 16:55

IN BRIEF: Griffin Mining reports jump in output across board in 2023

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Reports production figures for 2023. Ore mined up 77% to 1.5 million tonnes from 852,579 tonnes the year before, while ore processed jumps 82% to 1.5 million tonnes in 2023 from 831,549 in 2022. Zinc production rises 79% to 56,933 tonnes from 31,787, gold production jumps 68% to 17,052 ounces from 10,137 ounces, silver production climbs 40% to 314,667 ounces from 224,587 ounces and lead production advances 65% to 1,546 tonnes from 940 tonnes. Chair Mladen Ninkov describes figures as "spectacular". "From a company that has only ever raised net capital of under USD30 million and no debt in its 26-year history to now have a world class, modern, underground mine, producing over 1.5 million tonnes of ore per year is an extraordinary."

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17 Jan 2024 14:56

Griffin Mining reports 'spectacular' year at Caijiaying

(Sharecast News) - Griffin Mining released production results for the Caijiaying Zinc Gold Mine for the three months and year ended 31 December on Wednesday, reporting impressive achievements.

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8 Jan 2024 08:38

CORRECT (Jan 5): Griffin Mining buys back shares from joint broker

(Clarifies that Griffin Mining bought back shares.)

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5 Jan 2024 15:24

IN BRIEF: Griffin Mining issues shares to joint broker

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Enters into trades through its joint broker Joh. Berenberg, Gossler & Co KG to issue 8.9 million of its own shares, about 4.6%, at a price of 88 pence per share for GBP7.8 million. Griffin Mining Finance Director Roger Goodwin sells 1.4 million shares at 88p each as part of the transaction. After the sale, Goodwin holds a 0.8% stake of issued shares in the company, or 1.5 million shares.

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15 Dec 2023 10:59

IN BRIEF: Griffin Mining subsidiary director under hotel detention

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Says Director Shengchang Jin of subsidiary Hebei Hua Ao Mining Industry Co Ltd has been placed under hotel detention by Chinese authorities. Says he is being investigated in relation to his role as chief executive officer of Zhangjiakou Yuanrun Enterprise Management Consulting Service Co Ltd. Says investigations only relate to Jin and do not affect any HHA operations.

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