Disrupted Last Quarter & Full Year Production 2024
Mine operations suspended for 11 weeks from October following fatality; full-year production significantly below prior year.
- Zinc in concentrate produced 39,444 tonnes (prior 56,933 tonnes)
- Gold in concentrate produced 16,142 ozs (prior 17,052 ozs)
- Silver in concentrate produced 275,697 ozs (prior 314,667 ozs)
- Ore mined 1,146,146 tonnes (prior 1,505,642 tonnes)
- Ore processed 1,169,098 tonnes (prior 1,513,977 tonnes)
- Average zinc price received USD 2,414 per tonne (prior USD 1,931 per tonne)
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Disrupted Fourth Quarter & Full Year Production 2024
31st January 2025
Griffin Mining Limited ("Griffin" or the "Company") announces the production results from the Caijiaying Zinc Gold Mine for the disrupted three months and year ended 31st December 2024.
| 3 months to 31 December 2024 | 3 months to 30 September 2024 | 3 months to 30 June 2024 | 3 months to 31 March 2024 | ||
|---|---|---|---|---|---|
| Ore mined | Tonnes | 43,918 | 337,547 | 429,448 | 335,234 |
| Ore processed | Tonnes | 36,310 | 396,778 | 408,481 | 327,529 |
| Zinc in concentrate produced | Tonnes | 1,399 | 11,843 | 14,779 | 11,423 |
| Gold in concentrate produced | Ozs | 731 | 4,105 | 6,037 | 5,270 |
| Silver in concentrate produced | Ozs | 15,640 | 95,276 | 92,755 | 72,026 |
| Lead in concentrate produced | Tonnes | 97 | 468 | 454 | 277 |
| Average zinc price received per tonne | USD | 2,663 | 2,584 | 2,525 | 2,091 |
| Average gold price received per oz | USD | 2,519 | 2,343 | 2,293 | 2,026 |
| Average silver price received per oz | USD | 26.8 | 25.7 | 25.7 | 20.1 |
| Average lead price received per tonne | USD | 2,554 | 2,499 | 2,924 | 2,868 |
| Year to 31 December 2024 | Year to 31 December 2023 | ||||
| Ore mined | Tonnes | 1,146,146 | 1,505,642 | ||
| Ore processed | Tonnes | 1,169,098 | 1,513,977 | ||
| Zinc in concentrate produced | Tonnes | 39,444 | 56,933 | ||
| Gold in concentrate produced | Ozs | 16,142 | 17,052 | ||
| Silver in concentrate produced | Ozs | 275,697 | 314,667 | ||
| Lead in concentrate produced | Tonnes | 1,295 | 1,546 | ||
| Average zinc price received per tonne | USD | 2,414 | 1,931 | ||
| Average gold price received per oz | USD | 2,228 | 1,952 | ||
| Average silver price received per oz | USD | 24.3 | 20.1 | ||
| Average lead price received per tonne | USD | 2,709 | 2,536 |
Overview
As published in previous market guidance information, the Company was on course over the first 9 months of 2024 to mine and process 1.5 million tonnes at the Caijiaying Mine in 2024. The unfortunate suspension in operations on the 11th October 2024 following the fatality of a mine contractor's employee halted all operations at the Caijiaying Mine until the 1st January 2025 and severely impacted operational results in the last quarter of 2024. All mine and milling operations have returned to normal in 2025.
596/2014
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.