Trading Update

Trading Update

20th June  2019

 

Griffin Mining Limited (“Griffin” or the “Company”) wishes to provide a trading update in respect of trends indicated in the first 5 months of 2019 which, should current zinc prices and smelter treatment charges remain unchanged for the remainder of the year, will inevitably lead to the Company failing to meet market expectations for its 2019 full year. results.

Revenues have been impacted by increased smelter treatment charges with zinc smelter charges increasing by 65% from the same period in 2018. This follows the closure of a number of smelters in China, primarily for environmental reasons, impacting demand for zinc concentrate in China. Griffin’s Zinc and gold in concentrate production and costs are expected to be broadly in line with market expectations.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU.

 

Further information

Griffin Mining Limited:

Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary)           Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Dominic Morley                           Telephone: +44 (0)20 7886 2500

Annual General Meeting

ANNUAL GENERAL MEETING

14TH JUNE 2019

Notice of the Annual General Meeting of Griffin Mining Ltd (“the Company”) to be held at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda on Wednesday 31st July 2019 at 11.00 am, has been sent to shareholders and is available, on the Company’s web site www.griffinmining.com.

 

Further information

GRIFFIN MINING LIMITED

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director               Telephone: +44(0)20 7629 7772

 

PANMURE GORDON (UK) LIMITED

Dominic Morley                                             Telephone: +44 (0)20 7886 2500

 

For the details of the Annual General Meeting please click here.