Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Forewarns of a "bleak financial first quarter" due to the forced closure of its operations due to the Chinese New Year holiday and Winter Olympics. The mine operator said mining and milling operations have stopped at the Caijiaying mine for an extended break. As is customary, operations will remain closed during the Chinese New Year holiday period, with the break extended into the first quarter of 2022 due to the Winter Olympics. Operations will resume on March 14. "This will, obviously, cause a bleak financial first quarter for the company in 2022. However, we remain grateful to the various levels of government in the People's Republic of China," said Chair Mladen Ninkov.
Current stock price: 92.28 pence, down 4.9%
Year-to-date change: down 3.4%
By Will Paige; willpaige@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Griffin Mining (GFM)