GOLD miner Caledonia Mining has declared a quarterly dividend of $0.14 on each of the company’s shares.
The total dividend paid in 2021 was $0.50 – almost 50% higher than in 2020.
Caledonia is targeting production of 73 000 ounces to 80 000 ounces of gold at its Blanket mine in Zimbabwe this year.
The company is focused on becoming a multi-asset gold producer.
Caledonia says it continues to evaluate investment opportunities in Zimbabwe and elsewhere.
“Our dividend continues to be a central part of our strategy as we seek to grow the business and de-risk it from being a single asset producer.
“We continue to evaluate investment opportunities while balancing returning money to shareholders and investing in the company’s growth,” says CEO Steve Curtis.