31 Dec 2021 07:00
GRIFFIN MINING LIMITED
8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
Chinese New Year and Winter Olympic & Paralympic Games Shut Down
31st December 2021
Griffin Mining Limited ("Griffin" or the "Company") announces, in accordance with the previous announcement made on the 5th October 2021, that mining and milling operations ceased on the night shift last night and, as is customary practice for the Caijiaying Mine, mining operations will remain closed during the Chinese New Year holiday period with the cessation extended into the first quarter of 2022 due to the Winter Olympic and Paralympic Games and re-open on the 14th March 2022.
Chairman Mladen Ninkov commented, "As forewarned in October of this year, the mining and milling operations will remain closed for the Chinese New Year holiday period, the Winter Olympic Games and Paralympic Games and re-open on the 14th March 2022. 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 in allowing the Company to operate in the lead up period to this high profile and joyous event and acknowledge the tremendous achievement in Beijing becoming the first city in history to have hosted both the summer and winter Olympic Games. We wish the games every success."
About Griffin Mining Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates through its 88.8% owned Joint Venture in China the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website giffinmining.com.
Further information
Griffin Mining Limited | Telephone: +44 (0)20 7629 7772 |
Mladen Ninkov - Chairman Roger Goodwin - Finance Director
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Panmure Gordon (UK) Limited | Telephone: +44 (0)20 7886 2500 |
John Prior Ailsa Macmaster
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Berenberg | Telephone: +44 (0)20 3207 7800 |
Matthew Armitt Jennifer Wyllie Deltir Elezi
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Blythewigh | Telephone: +44(0)20 7138 3205 |
Tim Blythe Megan Ray
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Swiss Resource Capital AG | Telephone: +41(0)71 354 8501 |
Jochen Staiger |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
Griffin Mining (GFM)