Caledonia Mining Corporation announces 9.1 per cent increase from the previous quarterly dividend of 6.875 cents

DividendMax Ltd.

Caledonia Mining Corporation announces 9.1 per cent increase from the previous quarterly dividend of 6.875 cents

Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the Board of Directors adopted in 2014. The Board will consider future increases in the dividend as appropriate in line with its prudent approach to risk management.

Other financial highlights include:

Financial performance has improved due to increased production and the continued higher gold price

Central Shaft to be commissioned in Q4 2020

Target production at 80,000 ounces of gold per annum from 2022

Companies mentioned