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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: 156.00
Bid: 154.00
Ask: 156.00
Change: -2.00 (-1.27%)
Spread: 2.00 (1.299%)
Open: 156.00
High: 156.00
Low: 155.00
Prev. Close: 157.00
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Griffin's Chinese Operations Halted By Coronavirus Measures

Wed, 05th Feb 2020 11:40

(Alliance News) - Griffin Mining Ltd on Wednesday said work at its Caijiaying mine has been restricted after the Chinese government halted all "non-essential business" until February 9 to temper the spread of the coronavirus.

Mining operations at the zinc, gold, silver and lead project remained suspended following the Lunar New Year holiday, the investor said last week.

Milling operations, using stockpiled ore, continued until January 30, Griffin explained.

Griffin added on Wednesday: "Underground workings at Caijiaying are being maintained on a care and maintenance basis with essential services, including pumping and ventilation, ongoing.

"Whilst all essential and senior Chinese staff remain at Caijiaying, all non-essential local staff have been sent home and placed on standby with the expectation of operations recommencing on February 9 as mandated by the Chinese authorities."

Shares in the company were 2.7% lower at 63.25 pence each in London on Wednesday morning.

Recent reports on Wednesday said the number of people infected in China by the coronavirus jumped to 24,000 and millions more were ordered to stay indoors.

The confirmed death toll in mainland China rose to 490 after hardest-hit Hubei province reported 65 more people had died.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 Oct 2023 16:19

Griffin inaugurates solar facility at Caijiaying Mine

(Sharecast News) - Griffin Mining announced the inauguration of a 6 MW solar energy generating facility at the Caijiaying Mine on Monday in collaboration with Zhang Jia Kou GuoAO, the partnering firm responsible for the system's installation and ongoing operation.

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10 Oct 2023 12:09

IN BRIEF: Griffin Mining commissions solar farm at Caijiaying mine

Griffin Mining Ltd - AIM-listed operator of the Caijiaying zinc and gold mine in China - Commissions a 6-megawatt solar energy facility at the Caijiaying mine in the Hebei province, China, alongside its partner Zhang Jia Kou GuoAO. Says facility contains 25,753 square metres of solar panel surface area and is expected to supply up to 30% of Caijiaying's total electrical energy consumption.

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12 Sep 2023 13:59

IN BRIEF: Griffin Mining half-year profit jumps as revenue doubles

Griffin Mining Ltd - AIM-listed operator of the Caijiaying zinc and gold mine in China - Says in the six months to June 30, pretax profit jumped by 78% to USD9.6 million from USD5.4 million a year prior, as revenue multiplied to USD69.5 million from USD34.7 million the year before. Zinc operation generated USD55.4 million in revenue.

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12 Sep 2023 09:35

LONDON BROKER RATINGS: Citigroup cuts Pennon; Exane BNP cuts Reckitt

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

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20 Jul 2023 16:38

Director dealings: Tesco board member invests in ADRs, Griffin non-exec makes disposal

(Sharecast News) - Tesco was among those disclosing director dealings on Thursday, after one of its board members purchased a number of its American depositary receipts.

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13 Jul 2023 11:16

IN BRIEF: Griffin Mining notes record production at Caijaying mine

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Says production continues to increase at Caijiaying, with a record 366,762 tonnes of ore mined in the second quarter of 2023, up 8.3% from 338,790 tonnes a year prior. Adds 372,804 tonnes of ore processed in the same period, up 13% from 329,390 tonnes. Says average gold price received per ounce in the second quarter of the year was USD1,841, up 3.5% from USD1,778 from the year before.

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7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

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

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30 Jun 2023 15:53

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 May 2023 08:59

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(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

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CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

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18 May 2023 07:55

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

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10 May 2023 09:40

LONDON BROKER RATINGS: Peel Hunt raises Wetherspoon to 'add'

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

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9 May 2023 12:02

Griffin Mining reports lower profits on trading conditions in China

(Alliance News) - Griffin Mining Ltd on Tuesday remained optimistic for the future, despite seeing pretax profit half in 2022 due to internal disruptions in China.

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17 Apr 2023 11:59

Griffin Mining reports record-breaking first-quarter production

(Sharecast News) - Griffin Mining reported record-breaking production output at the Caijiaying Mine in the first quarter of the year on Monday.

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17 Apr 2023 11:55

Griffin reports soaring quarterly ore mining and processing results

(Alliance News) - Griffin Mining Ltd on Monday said its quarterly ore mining and processing results soared, both from a year earlier and the previous quarter, in a record first quarter for the firm.

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