Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the Board 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:
75 per cent cumulative increase from the level of 6.875 cents since October 2019
Fifth increase in the quarterly dividend since October 2019
Central Shaft brought into operation during the first quarter of 2021
Target production of 61,000 to 67,000 ounces of gold in 2021 and 80,000 ounces of gold per annum from 2022
Scheduled ramp up in production, a firm gold price and good cost control