Caledonia Mining Corporation, the Zimbabwe gold producer, increased the quarterly dividend by one US cent per share to 12 cents/share – an 8% lift and the sixth upwards adjustment since October 2019.
Steve Curtis, CEO of Caledonia, said the near completion of the firm’s Central Shaft project at its Blanket mine meant that capital expenditure was declining whilst production was due to increase to 80,000 ounces a year from 2022.
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.