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Griffin Mining Ltd - AIM-listed operator of the Caijiaying zinc and gold mine in China - Says in the three months to September 30, mines 363,406 tonnes of ore, down slightly from 366,762 tonnes in the previous quarter, but up from 267,304 tonnes in the corresponding quarter a year ago. Average gold price received per ounce in the third quarter of 2023 is $1,900, up from $1,851 in the second quarter and $1,661 the year before. Average silver price per ounce remained unchanged from the quarter prior at $19.3, but is up from $15.7 in the third quarter of 2022. Adds that production at Caijiayin has been maintained at an annualised equivalent rate of around 1.5 million tonnes of ore mined and processed, all of which comes from Zone 3. Zone 2 development work is ongoing. Chair Mladen Ninkov says: ‘Another solid quarter of production with thanks to all the company’s officers, employees and contractors.’ Current stock price: 93.80 pence, up 2.3% 12-month change: up 20% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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