Panmure Gordon Analyst Kieron Hodgson said this morning about Caledonia Mining PLC LON:CMCL “In what could be an increasing trend among gold mining companies whilst gold remains well supported, Caledonia Mining has today announced it is to significantly increase its dividend to shareholders. We also note the benefit of the translational benefit of the payment being made in Dollars. Management commentary also confirms our confidence that projected production of 50koz in FY16 and 65koz in FY17 will be met.”
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Precious metals rally as U.S. dollar extends losses
Gold prices climbed more than 1% to their highest levels in a week on Tuesday and other precious metals also rallied on the back of a sliding dollar, as markets remained focused on the Federal Reserve’s