PRECIOUS METALS

Caledonia hints at bright future with dividend increase

Caledonia Mining, operator of the Blanket gold mine in Zimbabwe, has announced a 9.1% dividend increase, but CFO Mark Learmonth insists the gesture is “by no means the end game” with the company poised to reap the rewards of a costly five-year mine expansion plan.

Caledonia Mining's Blanket gold mine in Zimbabwe

Caledonia Mining's Blanket gold mine in Zimbabwe

Learmonth told Mining Journal the dividend, which rises to US7.5c per share/quarter versus the previous quarterly dividend of 6.875c/share, would cost Caledonia less than $100,000 to pay out.   "I don't...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.