Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has announced that it will pay a quarterly dividend of 14 US cents per share, to be paid on 27 January 2023.
The gold miner, in a brief statement, noted that the ex-dividend date will be 11 January and the record date will be 13 January. Shareholders with a registered address in the United Kingdom will be paid in sterling.
It comes under the company’s stated quarterly dividend policy, which was adopted in 2014, and Caledonia said it will consider future increases in the dividend as appropriate in line with its prudent approach to risk management.
In a statement on the last trading day of 2022, Caledonia chief executive Mark Learmonth commented: “The company has come a long way in the last 12 months as we continue to pursue our strategy of becoming a multi-asset gold producer.
“In January 2022, the company announced that it was looking to evolve the business with a strategic pivot in the future direction of Caledonia as it pursues its strategy to become a multi-asset gold producer.
“At that time, we had recently announced the purchase of the Maligreen claims and during the course of the year we made significant advances in this area, culminating in the publication of an updated technical report on Maligreen last month.”
He added: “In July, we announced that the company had signed an agreement to purchase Bilboes Gold Limited; and a few months later the company acquired Motapa Mining Company UK Limited, the ultimate holding company of an exploration project adjacent to Bilboes.
“This was achieved alongside three record quarters of production and we are on track to achieve the top end of our 2022 production guidance of between 73,000 and 80,000 ounces of gold.”