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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: 147.00
Bid: 143.00
Ask: 146.00
Change: -10.00 (-6.37%)
Spread: 3.00 (2.098%)
Open: 155.00
High: 157.00
Low: 145.00
Prev. Close: 157.00
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Small caps round-up: Real Good Food, Griffin Mining, Probability...

Tue, 26th Jan 2010 08:08

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy.The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by home baking coming back into fashion, according to Real Good Food. Griffin Mining is at a two-month high after it was granted a new 16-year mining licence to dig below the 1300 level at its Caijiaying zinc-gold mine in China. 'Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the company,' said chairman Mladen Ninkov. Mobile gaming software specialist Probability is trading in line with expectations following a 'very encouraging' December that saw record bets taken and net gaming revenues 30% higher than November.Net gaming revenue actually fell 8% in the third quarter to £1.14m as players cashed in their winnings in November to pay for Christmas.'We anticipate that Probability may become cash generative again as early as the Spring and we look forward with confidence to profitable future growth from the excellent prospects in our marketplace,' said boss Charles Cohen.Cashpoint advertising specialist i-design Group has seen a steady start to the new financial year after growing revenues by 14% in the year to September 2009. Last year saw an 81% increase in media sales on the back of a much larger estate of cash machines, and the board expects media sales revenues to increase again this year. Rambler Metals climbed after the gold miner said it would be investigating the resource potential of a new gold facility it has acquired in Newfoundland, Canada.Also in mining, Metals Exploration shares ticked up after the Pacific Rim-focused natural resources explorer and developer said it expects to receive an updated resource estimate for its Runruno gold and molybdenum project on the Philippine island of Luzon.Ultimate Finance, the AIM-quoted factoring, invoice discounting and financial solutions provider, says results for the six months to December are in line to meet market expectations for the full year. "Trading has been good, with demand for the company's services remaining strong. The quality of enquiries seen by the company has increased, and as such, so has the quality of the business written," it says.David Liddell has resigned as stockbroker Panmure Gordon's Chief Financial Officer, with effect from 31 March 2010, to pursue other business interests. The board will commence a formal process to appoint a new Chief Financial Officer. Liddell has been with Panmure Gordon since May 2005. Software solutions provider Corero said results for the financial year ended 31 December were in line with expectations and showed an improvement over those for 2008.Trading profit, subject to audit, is expected to be in excess of £300,000, reversing the declared trading loss for the six month period ended 30 June 2009 of £180,000. Shares in Eleco dropped after the construction components and software group said it expects to report an operating loss for the first half.600 Group said conditions in certain of its markets remained difficult during the period from 27 September to 25 January but added that positive signs of recovery continued within its machine tools and laser markets, particularly in North America.
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3 Jun 2024 14:27

UK shareholder meetings calendar - next 7 days

Tuesday 4 June 
Chapel Down Group PLCAGM
Deltic Energy PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Thungela Resources LtdAGM
Wednesday 5 June 
Albion Technology & General VCT PLCAGM
Capital LtdAGM
Centrica PLCAGM
Churchill China PLCAGM
DigitalBox PLCAGM
Distribution Finance Capital Holdings PLCAGM
Gem Diamonds LtdAGM
Great Western Mining Corp PLCAGM
Gulf Marine Services PLCAGM
LungLife AI IncAGM
Nostrum Oil & Gas PLCAGM
Thursday 6 June 
Argo Blockchain PLCAGM
Camellia PLCAGM
Downing Renewables & Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Fevertree Drinks PLCAGM
Inspecs Group PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
Kavango Resources PLCAGM
Kore Potash PLCAGM
Kosmos Energy LtdAGM
Rogue Baron PLCAGM
S&U PLCAGM
S4 Capital PLCAGM
Tan Delta Systems PLCAGM
Friday 7 June 
Property Franchise Group PLCAGM
Trident Royalties PLCAGM
TruSpine Technologies PLCAGM
Monday 10 June 
Aterian PLCAGM
Griffin Mining LtdAGM
Lok'n Store Group PLCGM re takeover by Shurgard
Onward Opportunities LtdAGM
Oxford Nanopore Technologies PLCAGM
Pan African Resources PLCGM re capital reduction
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. 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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