Caledonia Mining has declared a further increased quarterly dividend of US$0.085 a share as stable production, cost control and high gold prices increase cash generation.
The company operates the Banket gold mine near Gwanda.
The dividend is a 13% increase on the previous quarterly dividend of US$0.075. Together with the January dividend increase from US$0.069, Caledonia has now effected a 24% increase since October 2019.
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 which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.