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Caledonia Mining pays sixth dividend

Published: 04:55 07 Oct 2014 EDT

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London and Toronto-listed gold miner Caledonia Mining (LON:CMCL TSX:CMCL) has paid its sixth quarterly dividend of one and one half Canadian cents ($0.015).

Caledonia added it expects its current dividend policy of six cents per annum, paid in equal quarterly instalments will be maintained in 2015.

The miner added it will continue to maintain its strong financial position so that it can implement its stated growth strategy and retain the flexibility to take advantage of any suitable opportunities that may arise without the need to raise third party finance.

Caledonia has a 49% stake in the Blanket gold mine in Zimbabwe.

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on 01/15/2024