Caledonia declares quarterly dividend of 6.875 cents per share

(NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)

ID: 1538092
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(PresseBox) - Caledonia Mining Corporation Plc (?Caledonia? or the ?Company? - http://www.commodity-tv.net/c/search_adv/?v=298338) today announces that its board of directors has declared a dividend of six and seven eighths United States cents (US$0.06875) on each of the Company''s common shares.

The relevant dates relating to the dividend are as follows:

Ex-dividend date: July 12, 2018

Record date: July 13, 2018

Dividend cheque mailing date: July 27, 2018

Shareholders and depositary interest holders in Canada and the UK will be paid in Canadian Dollars and Sterling respectively.

Caledonia?s Dividend Policy

Caledonia?s strategy to maximise shareholder value includes a quarterly dividend policy which the board of directors adopted in 2014. It is expected that the current dividend of twenty-seven and a half United States cents per annum, paid in equal quarterly instalments, will be maintained.

About Caledonia Mining

Caledonia?s primary asset is a 49% interest in an operating gold mine in Zimbabwe (?Blanket Mine?).

As at March 31, 2018, Caledonia had cash of approximately US$13.4m.

For further information please contact:

Caledonia

Mark Learmonth

Maurice Mason

WH Ireland

Adrian Hadden/Ed Allsopp

Blytheweigh

Tim Blythe/Camilla Horsfall/Megan Ray

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not historical facts are ?forward-looking information? within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia?s current expectations, intentions, plans, and beliefs.ions, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, our plans and timing regarding further exploration and drilling and development,.ns include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices and delays in the development of projects.



Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.thiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company?s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs and risks relating to the uncertainty of timing of events including targeted production rate increaseich affect this information, except as required by law.



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published by: PresseBox
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Date: 07/04/2018 - 05:21
Language: English
News-ID 1538092
Character count: 23649
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Firma: Swiss Resource Capital AG
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Stadt: St Helier
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