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Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Says production continues to increase at Caijiaying, with a record 366,762 tonnes of ore mined in the second quarter of 2023, up 8.3% from 338,790 tonnes a year prior. Adds 372,804 tonnes of ore processed in the same period, up 13% from 329,390 tonnes. Says average gold price received per ounce in the second quarter of the year was $1,841, up 3.5% from $1,778 from the year before. Chair Mladen Ninkov says: ‘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. ‘With minimal inflation in China, costs are being kept under control as operations expand.’ Current stock price: 81.92 pence, trading flat on Thursday in London 12-month change: down 5.9% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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