(Alliance News) - Griffin Mining Ltd on Friday said underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15.
Shares in the mine operator were 8.2% higher at 86.55 pence on Friday in London.
The processing facilities will be initiated shortly thereafter, and then underground drilling at both zones two and three will commence earlier than planned on Monday next week.
"I am grateful to all our professional staff, employees and contractors in keeping to the scheduled re-start of operations announced by the company late last year. This is even more critical in light of the spot zinc price trading over USD4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations," said Chair Mladen Ninkov.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Griffin Mining (GFM)