Caledonia Announces Quarterly Dividend – Caledonia Mining (AMEX:CMCL)

ST HELIER, Jersey, July 03, 2023 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE:CMCL, AIM: CMCL, VFEX: CMCL))) is pleased to announce that the The Board of Directors has announced a quarterly dividend of 14 US cents (US$0.14) on each of the company’s shares.

Commenting on the announcement, Mark Learmonth, Chief Executive Officer said:

“Over the past 10 years, Caledonia has built a strong reputation for keeping its word and rewarding shareholders through growth and dividends.

“A lot has changed in the shape of the company in the last 18 months: we acquired three new gold projects in Zimbabwe and commissioned the 12MWac solar power station, which supplies about a quarter of Blanket’s average daily electricity needs.

“I am very excited about the opportunity we have to evolve the business as we continue our strategy to become a multi-asset, Zimbabwe-focused gold producer.”

The relevant dates with regard to the dividend are as follows:

• VFEX ex-dividend date: July 12, 2023
• AIM and NYSE ex-dividend date: July 13, 2023
• Registration date: July 14, 2023
• Payment date: July 28, 2023

Shareholders with a registered address in the UK will be paid in pounds sterling.

To ask:

Note: This announcement contains inside information which will be disclosed in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MRT“) as it forms part of UK domestic law under the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company’s obligations under Section 17 of MAR.

Cautionary Note Concerning Forward-Looking Information

Information and statements in this press release that are not historical facts are “forward-looking information” within the meaning of applicable securities laws that involve risks and uncertainties regarding, but not limited to, the current expectations, intentions, plans and beliefs of Caledonia. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “aim”, “intend”, “estimate”, “may “, “should”, “could” and “will” or the negation of these terms or similar words suggesting future results, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this press release include our plans to become a multi-asset gold producer. This forward-looking information is based in part on assumptions and factors that may change or prove incorrect, causing actual results, performance or achievements to differ materially from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the quality and recovery of ore being mined differing from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data , assumptions regarding the representativeness of mineralization are inaccurate, success of planned metallurgical testing work, capital and operating costs that differ significantly from estimates, delays in obtaining or failure to obtain required government, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in raw material prices, delays in project development and other factors.

Security holders, potential security holders and other potential 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. Such factors include, but are not limited to: risks related to estimates of mineral reserves and mineral resources that prove to be inaccurate, fluctuations in gold prices, risks and hazards associated with the activities of mineral exploration, development and mining, risks related to to the creditworthiness 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 of local communities and indigenous peoples; political risk; risks related to natural disasters, terrorism, civil unrest, public health problems (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labor; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or qualities of mineral reserves as mining proceeds; global financial condition, the actual results of current exploration activities, changes in economic evaluation conclusions and changes in project parameters to deal with unexpected economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, ownership of the Company’s property, including ownership thereof, increased competition in the mining industry for property, equipment, qualified personnel and their costs, risks related to the uncertainty of the timing of events, including targeted increases in production rates, and currency fluctuations. Security holders, potential security holders and other potential investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the predictions, forecasts, projections and various future events not occurring. Caledonia undertakes no obligation to publicly update or otherwise revise any forward-looking information, whether as a result of new information, future events or other factors affecting such information, except as required by law.

This press release is not an offer of Caledonia’s stock for sale in the United States or elsewhere. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall any sale be made of the stock of Caledonia in any province, state or jurisdiction where such offer, solicitation or sale would be unlawful for registration or qualification under the securities laws of any such province, state or jurisdiction.