Griffin Mining Corrects Assay Error as Caijiaying Gold Output Ramps Up

Griffin Mining ( (GB:GFM) ) has issued an update.

Griffin Mining has corrected an earlier announcement after discovering that some assay intervals for its Caijiaying gold results were misquoted in the narrative, although the underlying assay table remained accurate. The company said the final drafting changes were not reviewed by its Competent Person and issued an apology while republishing a clarified version of the gold production and discovery update.

In the corrected update, Griffin confirmed that sustained gold production has started from gold‑only stopes in Zone III of the Yuan Long orebody, now contributing roughly 5–10% of the mine’s daily output and providing a recurring gold feed to the plant. Ongoing drilling at Yuan Long and the newly defined high‑grade Fu Long feeder system is delivering thick, high‑grade intercepts, supporting plans for further underground development and signalling meaningful potential for both near‑term production growth and longer‑term resource expansion at Caijiaying.

Chairman Mladen Ninkov said the rapid integration of new gold discoveries into production underlines how quickly the company can monetise new ounces at Caijiaying. The confirmation of a distinct high‑grade feeder system and the move into sustained gold output strengthen Griffin’s growth profile and operational flexibility, with implications for future returns to shareholders and its standing in the gold and base metals mining sector.

The most recent analyst rating on (GB:GFM) stock is a Hold with a £315.00 price target. To see the full list of analyst forecasts on Griffin Mining stock, see the GB:GFM Stock Forecast page.

Spark’s Take on GB:GFM Stock

According to Spark, TipRanks’ AI Analyst, GB:GFM is a Neutral.

Score is driven by a solid balance sheet and strong price momentum, offset by weakening profitability/cash generation (negative free cash flow) and a very high P/E that limits valuation upside.

To see Spark’s full report on GB:GFM stock, click here.

More about Griffin Mining

Griffin Mining is a London‑listed mining company focused on the Caijiaying Mine in China, where it holds an 88% interest in operator Hebei Hua Ao Mining Industry. The group produces base and precious metals and is increasingly emphasising gold output, positioning Caijiaying as a long‑life polymetallic and gold operation on AIM.

Average Trading Volume: 101,718

Technical Sentiment Signal: Buy

Current Market Cap: £581M

See more insights into GFM stock on TipRanks’ Stock Analysis page.