Chinese New Year & Winter Olympic Games Shut Down

RNS Number : 0754X

Griffin Mining Ld

31 December 2021

 

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: [e-mail]

Chinese New Year and Winter Olympic & Paralympic Games Shut Down

31^st December 2021

Griffin Mining Limited ("Griffin" or the "Company") announces, in accordance with the previous announcement made on the 5^th 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 14^th 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 14^th 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: [phone]
Mladen Ninkov - Chairman Roger Goodwin - Finance Director
Panmure Gordon (UK) Limited	Telephone: [phone]
John Prior Ailsa Macmaster
Berenberg	Telephone: [phone]
Matthew Armitt Jennifer Wyllie Deltir Elezi
Blythewigh	Telephone: [phone]
Tim Blythe Megan Ray
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

 

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