TIDMGFM

RNS Number : 9433C

Griffin Mining Ld

20 June 2019

20 June 2019

GRIFFIN MINING LIMITED

TRADING UPDATE

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                          Telephone: +44(0)20 7629 
  Mladen Ninkov - Chairman                        7772 
  Roger Goodwin - Finance Director and Company 
  Secretary 
 Panmure Gordon (UK) Limited                     Telephone: +44 (0)20 
  Dominic Morley                                  7886 2500

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 20, 2019 10:51 ET (14:51 GMT)

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