Griffin Mining Ltd. (GFM)

Sector:

Mining

Index:

FTSE AIM All-Share

144.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 167.00p
  • 52 Week Low: 82.00p
  • Currency: UK Pounds
  • Shares Issued: 183.26m
  • Volume: 134,782
  • Market Cap: £263.90m
  • RiskGrade: 291
  • Beta: 0.20

Contractor dies at Griffin's Caijiaying Mine

By Josh White

Date: Monday 14 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Griffin Mining announced the death of an employee of a mining contractor at its Caijiaying Mine on Monday.
The AIM-traded firm said the incident occurred on the evening of 11 October, when an ore pass filled with excavated paste buried the contractor's loader and its operator.

Despite being swiftly transported to Zhangbei Hospital, the worker was pronounced dead on arrival.

In compliance with Chinese regulatory requirements, Griffin Mining said it had suspended all operations at the Caijiaying Mine to allow for a full investigation into the incident.

While operations remained halted, regulatory authorities had reportedly expressed a desire for the mine to reopen as soon as possible once the investigation was complete.

"A death in any family or organisation is inevitably a tragedy for the family involved and the numerous people, organisations and entities whose life that person would have interacted with on a regular basis," said chairman Mladen Ninkov.

"In a company such as Griffin, where safety is not only our overwhelming priority, but also where contractors and their staff become part of the Griffin 'family', this fatality has severely impacted our staff, contractors and operations.

"It strengthens our continuing resolve to redouble our efforts to ensure safety is our first, second and last priority."

At 1249 BST, shares in Griffin Mining were down 2.52% at 155p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 144.00p
Change Today 4.00p
% Change 2.86 %
52 Week High 167.00p
52 Week Low 82.00p
Volume 134,782
Shares Issued 183.26m
Market Cap £263.90m
Beta 0.20
RiskGrade 291

GFM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.49% below the market average0.49% below the market average0.49% below the market average0.49% below the market average0.49% below the market average
92.13% below the sector average92.13% below the sector average92.13% below the sector average92.13% below the sector average92.13% below the sector average
Price Trend
67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average
79.56% above the sector average79.56% above the sector average79.56% above the sector average79.56% above the sector average79.56% above the sector average
Income Not Available
Growth
80.08% above the market average80.08% above the market average80.08% above the market average80.08% above the market average80.08% above the market average
93.22% above the sector average93.22% above the sector average93.22% above the sector average93.22% above the sector average93.22% above 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 21-Nov-2024

Time Volume / Share Price
15:56 13,166 @ 137.40p
15:56 13,166 @ 137.00p
16:25 2,885 @ 145.00p
16:25 5,000 @ 144.00p
16:25 5,349 @ 144.00p

GFM Key Personnel

Finance Director Roger Goodwin
Chair Mladen Ninkov

Top of Page