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Share Price Information for Griffin Mining (GFM)

London Stock Exchange
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Share Price: 150.00
Bid: 151.00
Ask: 158.00
Change: -4.00 (-2.60%)
Spread: 7.00 (4.636%)
Open: 153.00
High: 157.00
Low: 150.00
Prev. Close: 154.00
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Griffin restarts operations at Caijiaying Mine

Fri, 18th Mar 2022 14:02

(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.

The AIM-traded firm said increased cases of Covid-19 were being recorded in certain parts of China, including the north eastern Jilin province.

It said its management, contractors and other stakeholders were working closely with the local county government to ensure continuing safe operating and logistical procedures.

To date, essential supplies such as explosives and mill materials had not been affected.

The company said it was liaising with all relevant parties to ensure "total compliance" with continuing evolving regulations.

"I am grateful to our staff, contractors and government officials for managing the necessary approvals to restart the Caijiaying operations on time and so efficiently," said chairman Mladen Ninkov.

"As you would expect, we remain vigilant with the reported increase in Covid-19 cases but feel assured by the effective handling of the current situation by all the relevant Chinese authorities."

At 0943 GMT, shares in Griffin Mining were up 1.62% at 106.7p.

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