RNS Number : 4286Q
Griffin Mining Limited
10 July 2025
 

 

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

 

Trading Statement

 

Record Gold & Silver Production

 

10th  July 2025

 

Griffin Mining Limited ("Griffin" or the "Company") is very pleased to announce quarterly production results for the three months to the 30th June 2025.

 



3 months to 30th  June 2025

3 months to   31st March 2025

3 months to   30th  June 2024

Ore mined

Tonnes

358,938

223,745

429,448

Ore processed

Tonnes

347,508

241,344

408,481

Zinc in concentrate Produced

Tonnes

10,541

6,552

14,779

Gold in concentrate produced

Ozs

6,270

2,433

6,037

Silver in concentrate produced

Ozs

119,602

43,618

92,755

Lead in concentrate produced

Tonnes

457

251

454

Average zinc price received per tonne

USD

2,114

2,278

2,525

Average gold price received per oz

USD

3,156

2,740

2,293

Average silver price received per oz

USD

28.3

26.9

25.7

Average lead price received per tonne

USD

3,071.3

2,634

2,924

 

 

Overview

Production at the Caijiaying Mine has now fully recovered following the suspension of operations in the last quarter of 2024 and it's negative flow-on effects into the first quarter of 2025.

 

In light of the historically high gold prices, record amounts of gold and silver were produced in the second quarter of 2025 providing an indication of the future of production at the Caijiaying Mine.

 

Zone II continues on schedule to be brought into production in the last quarter of 2025.

 

Chairman Mladen Ninkov commented,

 

"The management employees and contractors of the Company have all worked in unison to return the Caijiaying Mine to its normal throughput profile in the second quarter of 2025. The bonus to this result has been the record gold and silver production in the second quarter which has meant that precious metal revenues reached approximately 50% of all revenues in recent months and confirmed the long term future of the Caijiaying Mine. We are all excited by what lies ahead."

 

 

 



 

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 griffinmining.com.



Further information

 

Griffin Mining Limited

 

Telephone: +44(0)20 7629 7772

 

Mladen Ninkov - Chairman                           

Roger Goodwin - Finance Director

 

Panmure Liberum Limited                                            Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

             Zak Wadud

           

Berenberg                                                                    Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

Deltir Elezi

 

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