Griffin Mining Starts Ore Production from New Zone at Caijiaying Mine

Griffin Mining ( (GB:GFM) ) has shared an announcement.

Griffin Mining has begun production from Zone II at its Caijiaying Mine in China after successfully completing the first production blast on 20 April 2026. The milestone follows the completion of 19.4 kilometres of mandated mine development and 625 metres of ventilation shafts, securing a second continuous source of ore for the duration of the current mining licence to 2054.

Management hailed the start of Zone II output as a momentous step for the company, its shareholders and on-site staff, underscoring the strategic importance of diversifying ore sources at Caijiaying. The move is expected to strengthen Griffin’s long-term production profile and operational resilience, reinforcing its position in the sector as the mine transitions into a multi-zone operation under Chinese regulatory approvals.

The most recent analyst rating on (GB:GFM) stock is a Buy with a £300.00 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 GFM Stock

According to Spark, TipRanks’ AI Analyst, 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 GFM stock, click here.

More about Griffin Mining

Griffin Mining Limited is a London-listed mining company whose shares trade on AIM under the symbol GFM. The company focuses on the Caijiaying Mine in China, producing ore from long-life deposits under a mining licence currently running to 2054.

Average Trading Volume: 66,139

Technical Sentiment Signal: Strong Buy

Current Market Cap: £501.5M

Find detailed analytics on GFM stock on TipRanks’ Stock Analysis page.