Zimbabwe-focused gold producer Caledonia Mines has raised its annualised dividend by 22% to $0.055 a share on Monday, underpinned by increased output as a result of the company’s turnaround strategy at the flagship Blanket mine.
“We have increased the dividend not based on improved gold prices, but based on our revised investment plan at Blanket coming to fruition,” CFO Mark Learmonth told Mining Weekly Online in an interview.
