Griffin Mining Share News (GFM)

PayPoint non-exec offloads shares in deal worth £27.1m

David Morrison, a non-executive director at PayPoint, has cashed in on the recent rise in the group's share price with sale of 2.46m shares in a deal worth £27.1m. Last month the payment services group revealed that its transaction volume in the 12-month period rose 3.9% to a record high, revenues

DIRECTOR DEALINGS: Griffin Mining Non-Executive Buys 167,000 Shares

LONDON (Alliance News) - Griffin Mining Ltd Thursday said Non-Executive Director Dal Brynelsen purchased 167,000 shares at an average price of 32.46 pence per share. Following this transaction, Brynelsen holds 382,001 shares, representing less than a 1% stake in the mining firm. Griff

Griffin Mining 2013 Profit Drops On Weak Metal Prices

LONDON (Alliance News) - Griffin Mining Ltd Tuesday said its pretax profit almost halved in 2013 as revenues fell on lower metal prices, costs increased, and the company was hit by a large charge after the disposal of interest in an associated company. The mining and exploration company whi

Wednesday broker round-up UPDATE

Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain

Griffin Mining Founding Director Departs

BP Chairman's wife sells shares in wake of strong share price rise

The wife of Carl-Henric Svanberg, who has been the Chairman of oil giant BP for almost four years, sold 750,495 pounds-worth of shares in the group on Friday. In an announcement issued at the start of this week, it was revealed the director's wife sold a total of 154,821 shares at 484.75p a piece,

STOCKS NEWS EUROPE-UK small caps fall 0.4 pct

UK small caps and junior-listed AIM shares fall 0.4 percent and 0.6 percent, respectively, in line with a 0.5 percent decline in the blue-chip FTSE 100 index. Pawnbroker Albemarle & Bond slumps 50 percent after saying efforts to agree a cash injection from its biggest shareholder had faile

UK WINNERS & LOSERS: Domino's Pizza Jumps, Food Retailers Slip

Griffin Mining Shares Jump On Increased Resource Estimates

Griffin Mining upgrades resource at Caijiaying mine

Griffin Mining cheered investors with the announcement of an upgrade in resources for its Caijiaying Zinc-Gold Mine in the Hebei Province in the People's Republic of China. The upgrade included a 215% jump in measured resources for the current mining area of Zone III, 74% of which is now in the me

Wednesday broker round-up UPDATE

Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.

Griffin Mining's annual profits drop as gold production falls

Griffin Mining's shares retreated Thursday after the company posted a fall in annual revenue and profit. Revenues for the year ended December 31st 2012 came to $76.9m, a 2.7% fall from the prior year's $79.1m. Pre-tax profits dropped 15.2% to $31.2m from $36.8m. The mining group blamed lower metal

Thursday broker round-up UPDATE

Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No

Griffin Mining boosted by record production

Griffin Mining said record levels of zinc, lead and silver production in China drove revenues up in the first half. Revenues reached $39.7m, up from $33.9m the year before. Griffin hailed a record six-month production of 386,313 tonnes of minerals at its Caijiaying Mine in China. This came despit

Resource round-up: Atlantic Coal, Silvermere, Toledo Mining

Shares Atlantic Coal, the AIM-listed miner focused on Pennsylvania, USA, jumped 11% in early trading after it reported a positive production update from its Stockton Colliery. In the three months to the end of June the company saw an 18.8% increase in clean coal production compared to the first quar