REG - Griffin Mining Ltd - RECEIPT OF $30 MILLION OF DIVIDENDS FROM CHINA

Griffin MiningAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250728:nRSb6816Sa&default-theme=true

RNS Number : 6816S  Griffin Mining Limited  28 July 2025

`

 

8(th) 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: griffin@griffinmining.com (mailto:griffin@griffinmining.com)

 

Receipt of Further $30 million of Dividends from China

 

28(th) July 2024

 

Griffin Mining Ltd ("the "Company" with its subsidiaries "the Group") is
pleased to announce that, since the announcement of the 29(th) 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 (http://www.griffinmining.com/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVFLFLDDRIEFIE