Caledonia Mining Corporation Plc: Caledonia declares quarterly dividend of 6.875 cents per share (NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)

ID: 1552750
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(PresseBox) - Caledonia Mining Corporation Plc (?Caledonia? or the ?Company? - https://www.youtube.com/watch?v=JyshOSN-5cs&t=27s ) 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: October 10, 2019

Record date: October 11, 2019

Dividend cheque mailing date: October 25, 2019

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 June 30, 2019, Caledonia had cash of approximately US$7.9m.[1] Caledonia expects to publish its results for the quarter to September 30, 2019 on or around November 14, 2019.

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.

[1] Refer to technical report dated 13 February 2018 entitled "National Instrument 43-101 Technical Report on the Blanket Mine, Gwanda Area, Zimbabwe (Updated February 2018), a copy of which was filed by the Company on SEDAR on March 2, 2018 for the key assumptions, parameters, and methods used to estimate the mineral resources and mineral reserves from which planned gold production, as set out in this news release, is to be derived and risks that could materially affect the potential development of the mineral resources or mineral reserves., the Company''s qualified person and Group Mineral Resource Manager, supervised the preparation of the technical information in the technical report, and also supervised the preparation of the technical information contained in this news release.



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Date: 10/01/2019 - 04:04
Language: English
News-ID 1552750
Character count: 4444
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