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Caledonia Mining raise guidance and dividend after 'strong financial and operating performance'

Caledonia Mining Corporation PLC's (LON:CMCL) Mark Learmonth talks to Proactive London's Katie Pilbeam about their latest set of quarterly results confirming a continuing strong performance for the Blanket gold mine in South Africa.

Learmonth discusses the highlights with reference to the higher gold price, with gross revenue up by 27% to $25.4m from $20m in the same period last year.

He also references the rise in costs, which per ounce increased from $686 in Q3 2019 to $758 due to costs associated with COVID-19, a share-based payment expense and increased use of the diesel generators.

The July dividend was increased by 13.3% to 8.5 cents per share and the October dividend was further increased to 10 cents per share following the continued strong financial and operating performance.

Quick facts: Caledonia Mining Corporation PLC

Price: 1175 GBX

AIM:CMCL
Market: AIM
Market Cap: £142.4 m
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Caledonia Mining Corporation acquires option to explore previously producing...

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) (LON:CMCL) CFO Mark Learmonth tells Proactive the group has formed an agreement where it has the exclusive right to explore and acquire the mining claims over Connemara North, in the Gweru mining district in the Zimbabwe Midlands. Learmonth...

on 17/12/20

2 min read