Gold producer Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) is making a pay-out of 14 US cents a share for the first three months of the year.
In 2021, the shareholder distribution totalled 50 cents, up 50% year-on-year.
In the update, investors were told the company was evaluating investment opportunities as part of its plans to become a multi-asset group.
"We continue to evaluate investment opportunities while balancing returning money to shareholders and investing in the company's growth," said chief executive Steve Curtis.
Caledonia said that output from Blanket, currently its only producing asset, would increase to 80,000 ounces of the yellow metal in 2022 from 73,000 ounces last year.