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Caledonia declares regular quarterly dividend as production guidance stays at around 55,000 ounces

Caledonia's dividend payments are continuing, as expansion takes production at Blanket up a level
Gold and dollars
Blanket Mine continues to make progress towards its goal of 80,000 ounces per year by 2021
Caledonia Mining Corporation Plc (LON:CMCL) has declared a quarterly dividend of US$0.06875 per share, as the Blanket gold mine in Zimbabwe continues to throw off cash.
 
The record date is set at 12 January. 
 

WATCH: Caledonia Mining's Blanket mine still has a lot of life left in it yet, says CEO Curtis

 
"Caledonia maintains its quarterly dividend at 6.875 cents per share, reflecting a continuing strong balance sheet and cash position despite the ongoing investment in the Central Shaft project at the Blanket Mine,” said chief executive Steve Curtis. 
 
“Production guidance for 2017 is between 54,000 to 56,000 ounces of gold and we expect to announce Blanket Mine's gold production for 2017 later this month. Blanket Mine continues to make progress towards its goal of 80,000 ounces per year by 2021.”
 

READ: Caledonia Mining to extend central shaft at Blanket mine after resource upgrade

 
Since 2013, Caledonia has paid dividends to shareholders totalling the equivalent of approximately US$1.58 per share (on a post share consolidation basis).
 
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Caledonia Mining Corporation Timeline

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