Caledonia is a Mining, Exploration and Development company focused on Southern Africa. Caledonia’s primary asset is a 49% interest in the Blanket Mine ("Blanket") in Zimbabwe, which is fully compliant with local ownership requirements and produced 41,800 ounces of gold in 2014. In November 2014 Caledonia announced a fully-funded investment proramme to increase production at Blanket to approximately 80,000 ounces of gold in 2021. Caledonia's shares are listed on the Toronto Stock Exchange (CAL) and on AIM in London (CMCL) and are also traded on the OTCQX in the USA (CALVF). Caledonia pays a quarterly dividend of 1.5 canadian cents per quarter.
Mark Learmonth, VP Corp Development and Investor Relations at Caledonia Mining (LON:CMCL TSX:CAL), tells Proactiveinvestors that the proposed dividend marks the transition from life as a junior gold mining company to its status as a mainstream, growing, fully funded gold producer. Mark emphasises that the company will no longer be reliant on funding from any other source.
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