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IN BRIEF: Griffin Mining says Caijiaying ore extraction on schedule

ALN

Griffin Mining Ltd - London-based mining investor focused on China - Says the commissioning of ore extraction from zone 2 of the Caijiaying mine is on schedule for the first quarter of 2026. The firm says it remains on schedule to obtain full safety facility approval and completion of required works for commissioning. This follows a request in September by local authorities to the majority of mining operations in China to reduce operational throughput. This was in support of a safety initiative that will run until the end of 2025.

‘The company looks forward to the next chapter in its 20 year operating history with the commissioning of zone II in the near future and all the benefits that orebody is expected deliver. It is the company’s continuing support of the safety initiatives by the Chinese regulatory authorities that engenders the goodwill towards Griffin, as good citizens of China, to obtain the necessary approvals to take the Caijiaying mine to the next level,’ says Chair Mladen Ninkov.

Current stock price: 219.98 pence

12-month change: up 47%

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