Griffin Mining Ltd. (GFM)

Sector:

Mining

Index:

FTSE AIM All-Share

154.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 157.00
  • 52 Week Low: 77.00
  • Currency: UK Pounds
  • Shares Issued: 184.42m
  • Volume: 88,133
  • Market Cap: £284.00m
  • RiskGrade: 291

Griffin Mining shares down on coronavirus closure at mine

By Josh White

Date: Wednesday 05 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Griffin Mining updated the market on its operations at the Caijiaying Mine in China on Wednesday, as it remained affected by the ongoing outbreak of novel coronavirus in the country.
The AIM-traded firm said decrees from the Chinese government had now restricted all non-essential business activities until 9 February, as efforts were made to contain the outbreak.

As it had said in its previous announcement, under past normal operational practices, mining operations were suspended at Caijiaying during the Lunar New Year holiday, from 22 January.

Milling operations continued until 30 January, the board confirmed.

"Underground workings at Caijiaying are being maintained on a care and maintenance basis with essential services, including pumping and ventilation, ongoing," Griffin said in its statement.

"As planned, the opportunity has been taken to undertake maintenance work at the mill, which has now been completed and the mill placed in care and maintenance.

"Whilst all essential and senior Chinese staff remain at Caijiaying, all non-essential local staff have been sent home and placed on standby with the expectation of operations recommencing on 9 February, as mandated by the Chinese authorities."

At 0949 GMT, shares in Griffin Mining were down 2.69% at 63.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GFM Market Data

Currency UK Pounds
Share Price 154.00p
Change Today -1.00p
% Change -0.65 %
52 Week High 157.00
52 Week Low 77.00
Volume 88,133
Shares Issued 184.42m
Market Cap £284.00m
RiskGrade 291

GFM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.65% below the market average48.65% below the market average48.65% below the market average48.65% below the market average48.65% below the market average
77.61% below the sector average77.61% below the sector average77.61% below the sector average77.61% below the sector average77.61% below the sector average
Price Trend
95.51% above the market average95.51% above the market average95.51% above the market average95.51% above the market average95.51% above the market average
93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average
Income Not Available
Growth
25.94% below the market average25.94% below the market average25.94% below the market average25.94% below the market average25.94% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GFM Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:24 1,346 @ 154.00p
16:24 4,750 @ 154.00p
16:24 4,750 @ 154.10p
15:22 15,000 @ 154.50p
15:58 1,111 @ 154.00p

GFM Key Personnel

Finance Director Roger Goodwin
Chair Mladen Ninkov

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