Skip to content

Griffin Mining reports production and sales of zinc concentrate both up


Zinc miner Griffin Mining (LSE:GFM) has confirmed over 200,000 tonnes mined from its Caijiaying mine in China for the fourth quarter of the year. It managed to process over 217,000 tonnes despite a challenging environment which included factors like the impending Chinese New Year and the Winter Olympic Games.

The company said it was ceasing operations to allow staff to take time off for the New Year and also for the Olympic Games. Its chairman, Mladen Nikov, warned investors that this would mean "a bleak financial first quarter."

Griffin Mining operates the mine via an 88.8% joint venture. The mine is profitable and produces gold, silver, zine and lead metals in concentrates. The Caijiaying Mine is an operating zinc, gold, silver and lead mine, together with processing plant, camp and supporting facilities, located approximately 250 kilometres by road, north-west of Beijing in Hebei Province in the People’s Republic of China. The Caijiaying mine is easily accessible by two separate freeways from Beijing.

Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.

Log In or Sign Up to Armchair Trader+

Already a member? Log in here:

Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets
Back To Top