28th Jul 2025 07:00
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8th Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX. United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: [email protected]
Receipt of Further $30 million of Dividends from China
28th July 2024
Griffin Mining Ltd ("the "Company" with its subsidiaries "the Group") is pleased to announce that, since the announcement of the 29th November 2023, it has received into the Company's bank accounts outside China, net of 5% Chinese withholding tax, US$30.3 million of further dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Company Limited ("HHA"). This includes US$13.75 million in 2024 and US$16.6 million in July 2025. The funds were received via electronic wire transfer in the normal course of business. The Company's current cash balances held outside China stand at US$53.67 million.
About Griffin Mining Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates in China, through its 88.8% owned Joint Venture stock company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website www.griffinmining.com.
Further information
Griffin Mining Limited
Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772
Roger Goodwin - Finance Director
Panmure Liberum Limited - Nominated Adviser & Joint Broker Telephone: +44 (0)20 7886 2500
James Sinclair-Ford
Zak Wadud
Berenberg - Joint Broker Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Lee
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).
The Company's news releases are available on the Company's web site: www.griffinmining.com
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Griffin Mining