It is not unusual for newer microphones to separate the microphone shield/ground for Audio from the DC ground used for Push to Talk (PTT) switching.
Yes, mics and mic cables are wired in a variety of ways. Some have four
conductors plus a shield. Some have two tiny coaxial cables plus an
overall shield. Some have only two conductors plus a shield. Some have
three conductors plus a shield.
When wiring a mic to a ham rig, we must figure out which of these we
have. To do that, we must get our words straight. The return for a mic
capsule is not MIC GROUND, it is mic RETURN or COMMON. The return for
PTT is not PTT GROUND, it is PTT RETURN or PTT COMMON. These points
will nearly always look the same with a DC Ohmeter, but at RF they may
have significant inductance between them, and that inductance creates a
Pin 1 Problem.
Cable shields can act as receive antennas, so they can carry RF current
(like from our transmitter). The ONLY proper connection for an overall
cable shield is the CHASSIS. If you connect it anywhere else (for
example, to a circuit board, where it wanders around and eventually
finds the chassis), you have a PIN 1 PROBLEM, which is an open door to
RFI (RF in the shack).
If you have only one cable shield, it MUST GO TO THE CHASSIS to prevent
RFI. Even though that shield may be used for mic RETURN and PTT return,
it still must go to the CHASSIS. Inside the radio, MIC return and PTT
return are connected to the chassis via circuit traces. Those circuit
traces are plenty good enough to carry mic audio and PTT return (DC),
but they MUST NOT CARRY THE CABLE SHIELD. That's a Pin 1 problem.
For more on The Pin 1 Problem, see http://audiosystemsgroup.com/RFI-Ham.pdf
73, Jim Brown K9YC