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.