Caledonia Mining Reports Increased Revenue and Declares Quarterly Dividend
Despite higher production costs, Caledonia Mining Corporation Plc maintains dividend at 14 cents per share, reflecting confidence in Blanket Mine's operations.
- Caledonia Mining Corporation Plc announces a 3% increase in revenue for 2023, amounting to $146.3 million.
- Gross profit for 2023 was $41.5 million, down from $61.8 million in 2022 due to increased production and operating costs.
- The company declares a quarterly dividend of 14 cents per share, payable on April 26, 2024.
- 2023 saw the production of 75,416 ounces of gold at Blanket Mine, in line with guidance.
- Caledonia's strategic focus includes producing between 74,000 to 78,000 ounces of gold in 2024 and completing the Bilboes sulphide project feasibility study.