Business
Trading Statement 13th July
Trading Statement 13th July.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n\n\n \n8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom\nTelephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\nE mail: [email protected]\n \nRECORD SECOND QUARTER THROUGHPUT & ZINC PRODUCTION\n \n13th July 2023\n \nGriffin Mining Limited (\"Griffin\" or the \"Company\") is pleased to announce record production results for the three months to the 30th June 2023.\n \n\n\n\n\n\n\n\n\n\n3 months to 30th June 2023\n\n\n3 months to 31st March 2023\n\n\n3 months to 30th June 2022\n\n\n\n\nOre mined\n\n\nTonnes\n\n\n366,762\n\n\n355,742\n\n\n338,790\n\n\n\n\nOre processed\n\n\nTonnes\n\n\n372,804\n\n\n366,120\n\n\n329,390\n\n\n\n\nZinc in concentrate Produced\n\n\nTonnes\n\n\n14,130\n\n\n13,965\n\n\n13,189\n\n\n\n\nGold in concentrate produced\n\n\nOzs\n\n\n3,237\n\n\n4,743\n\n\n3,504\n\n\n\n\nSilver in concentrate produced\n\n\nOzs\n\n\n82,829\n\n\n68,779\n\n\n79,246\n\n\n\n\nLead in concentrate produced\n\n\nTonnes\n\n\n468\n\n\n230\n\n\n345\n\n\n\n\nAverage zinc price received per tonne\n\n\nUSD\n\n\n1,916\n\n\n2,029\n\n\n2,886\n\n\n\n\nAverage gold price received per oz\n\n\nUSD\n\n\n1,841\n\n\n1,789\n\n\n1,788\n\n\n\n\nAverage silver price received per oz\n\n\nUSD\n\n\n18.9\n\n\n17.7\n\n\n18.1\n\n\n\n\nAverage lead price received per tonne\n\n\nUSD\n\n\n2,276\n\n\n2,407\n\n\n2,323\n\n\n\n \n \nOverview\nProduction has continued to increase at the Caijiaying Mine with record amounts of ore mined and processed and record amounts of zinc metal in concentrate produced in the second quarter of 2023. This equates to an annualised equivalent rate of circa 1.5 million tonnes of ore mined and processed, all of which has been extracted from Zone III. \nWhilst Zone II has yet to be brought into production, Zone II development work is ongoing with access underground gained from Zone III, commencement of a new decline into Zone II and construction of a new ventilation shaft being progressed. \n \nChairman Mladen Ninkov commented, \"This is yet another wonderful result from the Caijiaying Mine and its personnel with production continuing to increase despite mining having been in operation for 18 years and significant resources yet to be accessed, including those at Zones II, V and VIII. With minimal inflat...