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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 hints at bright future with dividend increase Caledonia hints at bright future with dividend increase Caledonia hints at bright future with dividend increase Caledonia hints at bright future with dividend increase Caledonia hints at bright future with dividend increase

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.