Caledonia Mining

Caledonia Mining Corporation Plc is a mining company focused on gold production and exploration in Southern Africa, primarily operating the Blanket Mine in Zimbabwe, in which it holds a 64% interest. The Blanket Mine, which resumed production in 2009 after a temporary shutdown, has undergone expansions to increase its annual production capacity significantly. The mine produced over 42,800 ounces of gold in 2015, with ongoing exploration efforts targeting down-dip extensions and nearby satellite projects. Caledonia Mining is also involved in developing additional mineral properties for precious metals and silver. The company has a strategic growth plan supported by a capital investment program, funded through internally generated cash, aimed at enhancing production capabilities. Caledonia Mining's management team, based in Johannesburg and Jersey, has a wealth of experience in mining, exploration, and finance. The company has consistently paid dividends since 2012, reflecting its commitment to returning value to shareholders while balancing investment in growth.