Caledonia Mining announce an 8% increase from the previous quarterly dividend of 12 cents.
89 per cent cumulative increase from the level of 6.875 cents since October 2019
Sixth increase in the quarterly dividend since October 2019
Central Shaft now operating
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 give the Board confidence that the business can sustain a higher level of dividend.