malvernmugadzikwa
Online Reporter
CALEDONIA Mining Corporation, which owns Blanket Mine in Gwanda, Matabeleland South, has declared a quarterly dividend of US$0,14 per share after an impressive performance by the gold miner over the past 18 months.
It has since acquired three new gold projects in Zimbabwe to grow its portfolio.
“Over the last 10 years, Caledonia has built a strong reputation for delivering on its word and rewarding shareholders through growth and dividends,” said Caledonia chief executive officer Mr Mark Learmonth in a statement accompanying the dividend announcement.
“I am very excited with the opportunity that we have to evolve the business; as we pursue our strategy to become a multi-asset, Zimbabwe-focused gold producer.”
Caledonia acquired Motapa Mining, formerly owned by Bulawayo Mining Co Ltd, late last year.
Motapa gold claims, spanning approximately 2 200 hectares, are located next to Bilboes Mine.
In November, Caledonia, which is listed on the Victoria Falls Stock Exchange, also commissioned a 12 megawatt (MW) solar plant, which provides about a quarter of Blanket’s average daily electricity requirements.
Online Reporter
Bongani Ndlovu