Griffin Mining 2021 Earnings Boosted by Higher Volumes, Prices — Commodity Comment

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Griffin Mining Ltd. on Friday reported that pretax profit more than doubled in 2021 as it benefited from higher mining volumes and prices. Here is what the London-listed mining company had to say:

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On metal in concentrate sales:

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“Zinc 41,949 metric tons (2020: 32,276 metric tons) an increase of 30%; gold 14,417 ozs (2020: 11,218 ozs) an increase of 29%; silver 269,505 ozs (2020: 291,756 ozs) a decrease of 8%; and lead 1,069 metric tons (2020: 1,425 metric tons) a decrease of 25%.”

On metal prices:

“Zinc metal per metric ton of $2,311 (2020: $1,645); gold metal per oz of $1,691 (2020: $1,759); silver metal per oz of $19.8 (2019: $17.7); and lead metal per metric ton of $2,074 (2019: $1,339) ).”

On other:

“Ore mined was up 14% at 971,492 metric tons; ore was hauled up 19% at 979,783 metric tons; Ore processed was up 20% at 985,404 metric tons.”

On zinc, gold production:

“Zinc metal in concentrate was produced up 28% at 41,587 metric tons; and gold metal in concentrate was produced up 28% at 14,447 ounces.”

Write to Ian Walker at [email protected]

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Credit: www.marketwatch.com /

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