3rd Jun 2026 13:58
(Alliance News) - Griffin Mining Ltd on Wednesday said it is reinstating a share buyback programme.
The London-based mining investor focused on China has further resolved to repurchase up to 3.7 million shares, or USD15 million in shares, for cancellation.
The programme will run until November 30, at which point Griffin's directors will consider whether to launch a fresh round of buybacks, and other options to return capital.
Griffin Mining shares traded 1.3% higher at 323.00p on Wednesday afternoon in London.
Last month, Griffin posted an 82% jump in pretax profit for 2025, which surged to USD32.6 million from USD17.9 million in 2024. Revenue rose 1.8% to USD137.5 million from USD135.1 million.
At the time, the company said: "For 2026 the operational outlook is positive with an expected return to 1.5 million tonnes per annum production during the year and new mining areas coming online. The benefits of investment in people, safety and modern infrastructure will enable safe, sustainable production well into the future."
By Holly Munks, Alliance News reporter
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