Caledonia Mining hikes dividend with confidence
The miner raised its dividend amidst rising confidence as its operation scales up and high gold prices boost cash generation
Company
Caledonia Mining Corporation PLC
LON:CMCL
Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. The company owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. After increasing the production at Blanket to 80,000oz in 2022, its main focus areas are to maintain production at around 75-80,000oz at Blanket, progress the Bilboes project and become a multi-asset gold producer in Zimbabwe.
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Caledonia Mining deals into Connemara North project
“Caledonia will have a great opportunity to establish a footprint in the highly prospective Zimbabwe Midlands," highlighted chief executive Steve Curtis.
Caledonia Mining enters option agreement for Zimbabwe gold project
Caledonia has the right to explore the area for a period of up to 15 months and subsequently acquire the mining claims over it
Caledonia completes sinking of central shaft at Blanket gold mine, and is now on track to deliver production boost
Caledonia has a long and successful track record of operating in Zimbabwe
Caledonia Mining lifts production guidance as Q3 results show strong performance continuing
"I am delighted by Blanket Mine's continued strong operating performance in the quarter," said chief executive Steve Curtis
Caledonia Mining appoints contractor for construction of solar power plant to supply electricity to the Blanket Mine
Voltalia is an international renewable energy provider which has considerable experience in the delivery of renewable energy projects including the development, construction, operation and maintenance of solar power plants
Caledonia Mining labelled “outstanding corporate citizen” as it signs agreement with government of Zimbabwe to review gold projects
Caledonia has owned the Blanket gold mine in Zimbabwe since 2006
Caledonia Mining boosts gold production and guidance at Blanket
Disruption due to coronavirus has been kept to a minimum
Caledonia Mining raises dividend and says more to come as Blanket upgrade nears completion
“We expect the combination of rising production and declining capital investment to give us greater flexibility to consider further increases in the dividend"
Caledonia Mining completes US$13mln of equity funding for mine wind farm
A new solar plant at the mine will help handle electricity demand and ease reliance on the Zimbabwe grid.
Caledonia Mining says production levels above target in July
The coronavirus pandemic had little impact on the company's Blanket mine and since the lockdown ended production has been running above normal levels
Caledonia Mining Corporation boasts outstanding production performance
The Zimbabwe-based miner increased quarterly output by over 12% in the first half despite the challenges created by the coronavirus pandemic
Caledonia Mining declares quarterly dividend of 8.5 US cents, a 13% hike from previous quarterly payout
The group said stable production, a high gold price and good cost control have resulted in increased cash generation in 2020
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Caledonia Mining delivers increased gold production at Blanket and says guidance remains unchanged
Caledonia has a long track record of successful production in Zimbabwe
Caledonia Mining declares quarterly dividend as Blanket mine operations continue
The company said Blanket’s supply chain was now “close to normal” and the mine was re-establishing full production after having operated at 93% of capacity during lockdown in Zimbabwe
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Caledonia Mining sees sharp increase in first-quarter production
The quarterly production profile should be more evenly balanced throughout 2020 than in previous years
Caledonia Mining announces deferral of dividend declaration
Caledonia has been paying a quarterly dividend since 2014