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LONDON - Griffin Mining Limited (AIM:GFM) announced Monday it has received $30.3 million in dividends from its Chinese operating subsidiary, Hebei Hua Ao Mining Industry Company Limited (HHA), since November 29, 2023.
The mining company said the funds were transferred to its bank accounts outside China after deduction of 5% Chinese withholding tax. The dividend payments included $13.75 million received in 2024 and $16.6 million in July 2025.
According to the statement, the funds were received via electronic wire transfer "in the normal course of business." Griffin Mining reported that its current cash balances held outside China now stand at $53.67 million.
Griffin Mining owns and operates the Caijiaying Zinc Gold Mine in China through its 88.8% owned joint venture company. The mine produces zinc, gold, silver, and lead metals in concentrates.
The company’s shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (LON:LSEG).
The announcement was made in a press release statement issued by the company.
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