Blanket Mine, a 64% subsidiary of Caledonia Mining Corporation, has injected US$360 000 dividend payment to Gwanda Community Share Ownership Trust (GCST), becoming one of the most lucrative community payback gestures in recent times.
Commenting on the latest payout, Caledonia’s chief executive officer (CEO), Mark Learmonth, expressed commitment to continuously serve the community.
The GCST benefits from the arrangement dates back to 2012, when Caledonia facilitated the ownership of 51% of Blanket by indigenous Zimbabweans in accordance with the prevailing legislation at that time.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.