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Share Price: 158.00

Bid: 157.00

Ask: 158.00

Change: -1.50 (-0.94%)

Spread: 1.00 (0.637%)

Open: 160.00

High: 160.00

Low: 157.00

Prev. Close: 159.50

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

Wed, 17th Jan 2024 16:55

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."

Current stock price: 95.00 pence, up 2.8% in London on Wednesday

12-month change: up 16%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Chinese mine operator Griffin Mining said its Caijiaying zinc-gold mine returned to profitability in the third quarter. The mine processed 114,233 tonnes of ore to produce 6,783 tonnes of zinc, 1,351 ounces of gold, 38,019 ounces of silver and 218 tonnes of lead. Production at the mine was suspend

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

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