trending Market Intelligence /marketintelligence/en/news-insights/trending/5JfJAtPmsC46eEJZFpvhyg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Gold miner Caledonia hikes dividend after Q3'19 profit surge

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Gold miner Caledonia hikes dividend after Q3'19 profit surge

U.K.-based Caledonia Mining Corp. PLC declared a quarterly dividend of 7.5 U.S. cents, rising 9.1% from the previous dividend of 6.875 cents.

The dividend is payable to shareholders of record as of Jan. 17, with the dividend check mailing date set for Jan. 31.

The company said Jan. 3 that the dividend hike was prompted by its improved financial performance on the back of increased production and high gold prices.

In the third quarter of 2019, Caledonia Mining's net profit surged 215.1% year over year to US$7.0 million as revenue jumped to US$20.0 million from US$16.6 million.

Gold production dropped 2.4% year over year to 13,646 ounces but improved 7.3% compared to the previous quarter.

Caledonia Mining also noted its flexibility to distribute some of its cash reserves as it concludes a five-year investment program at its 49%-owned Blanket gold mine in Zimbabwe.

The company said its capital expenditure rate will start to decrease in the middle of the year as the mine's central shaft is set to be commissioned in the fourth quarter.

With the new shaft, Caledonia Mining anticipates further increases in operating cash flow as gold production climbs to the target rate of 80,000 ounces per annum starting in 2022 from the current guidance of between 50,000 and 53,000 ounces.