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Temporary Reduction in Throughput

18 Sep 2025 07:00

RNS Number : 7649Z
Griffin Mining Limited
18 September 2025
 

 

8th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com

 

18th September 2025

 

Temporary Reduction in Throughput for the four months to the 31st December 2025

 

Griffin Mining Limited ("Griffin" or the "Company") announces today that the Company has been requested by the relevant County, City and Provincial Bureaus, in line with such requests to the majority of mining operations in China, to reduce operational throughput in support of a safety initiative that will run until the end of 2025. The current projection is a reduction in throughput of approximately only 110,000 tonnes over the four months from September to December 2025. Cooperation in this initiative is essential to obtaining the relevant permitting and commissioning of Zone II and continuing production from Zone III. 

 

With the recent rises in gold and zinc prices, notwithstanding the reduction in throughput, the Company expects that its financial results for the full year to be in line with management expectations.

 

Chairman's Statement

 

Chairman Mladen Ninkov commented, "This temporary reduction in throughput is not expected to materially affect full year financial results, particularly if the current strength in commodity prices persists, but creates the necessary environment with the Chinese regulatory authorities to engender the appropriate respect as good operators in China to obtain the necessary approvals to take the Caijiaying Mine to the next level."

 

 

 

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Liberum Limited - Nominated Adviser & Joint Broker Telephone: +44 (0)20 7886 2500

James Sinclair-Ford

Zak Wadud

 

Berenberg - Joint Broker Telephone: +44(0)20 3207 7800

Matthew Armitt

 Jennifer Lee

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

 

The Company's news releases are available on the Company's web site: www.griffinmining.com

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