Caledonia Declares Fourth Quarterly Dividend
(firmenpresse) - Caledonia Mining Corporation
(TSX: CAL, OTCQX: CALVF, AIM: CMCL)
Caledonia Declares Fourth Quarterly Dividend
October 7, 2014: Further to the November 25, 2013 announcement in respect of Caledonia Mining Corporations (Caledonia or the Company - http://bit.ly/1D4YwqR) quarterly dividend policy, Caledonia is pleased to announce that the Board of Directors has declared Dividend Number 6, this being a dividend of one and one half Canadian cents ($0.015) on each of the Company's common shares issued and outstanding as of 5:00 p.m. Toronto local time on the Record Date, being October 17, 2014. The ex-dividend date will be October 16, 2014. Dividend cheques will be mailed on October 31, 2014.
Shareholders who are registered in the United States of America and the United Kingdom will be paid in US Dollar and Sterling, respectively. The US Dollar and Sterling dividend payments will be calculated using the relevant Bank of Canada exchange rates at noon on the Record Date and will be after deduction of Canadian withholding tax and any other taxes that may apply.
This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Caledonias Dividend Policy
Caledonias long term strategy to maximize shareholder value includes a quarterly dividend policy. In 2014, the Company paid an annual aggregate dividend of six Canadian cents ($0.060) per common share. The first quarterly dividend was paid on January 31, 2014 and subsequent quarterly dividends were paid at the end of April and July 2014. It is currently envisaged that the existing dividend policy of 6 cents per annum, paid in equal quarterly instalments will be maintained in 2015. Caledonia will continue to maintain its strong financial position so that it can implement its stated growth strategy and retain the flexibility to take advantage of any suitable opportunities that may arise without the need to raise third party finance
About Caledonia Mining
Caledonia is a mining, exploration and development company focused on Southern Africa. Following the implementation of indigenisation in Zimbabwe, Caledonias primary asset is a 49% interest in an operating gold mine in Zimbabwe (Blanket). Caledonias shares are listed in Canada on the Toronto Stock Exchange as CAL, on Londons AIM as CMCL and are also traded on the American OTCQX as CALVF.
Caledonia is debt-free and at June 30, 2014 had cash of $25.8m held with its bankers in the UK, Canada and South Africa. Blanket mine is a low-cost producer: in the six months ended June 30, 2014, Blankets on-mine costs were US$638 per ounce of gold produced and its all-in sustaining cost was US$903 per ounce of gold produced.
Caledonia Mining Corporation
Mark Learmonth
Tel: +27 11 447 2499
marklearmonth(at)caledoniamining.com-
Numis
John Prior/Jamie Loughborough/ James Black
Tel: +44 20 7260 1000
-
BlytheWeigh
Tim Blythe/Halimah Hussain/Camilla Horsfall
Tel: +44 20 7138 3204 -
WH Ireland
Adrian Hadden/Nick Field
Tel: +44 20 7220 1751
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 Caledonias current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as may and will or similar words suggesting future outcomes or statements about future events. Forward-looking information in this news release include the payment of future dividends. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to amendments to or termination of the dividend policy, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, inflation, changes in exchange rates, fluctuations in commodity prices and other factors.
Potential shareholders and 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. Such factors include, but are not limited to: fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness 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 Companys title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Shareholders 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 possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. There is no guarantee that Caledonia will maintain the Dividend Policy.
Leseranfragen:
Caledonia ist ein Bergbau-, Explorations- und Entwicklungsunternehmen mit Schwerpunkt auf das südliche Afrika. Nach Umsetzung des Indigenisierungs-Gesetzes in Simbabwe ist Caledonias hauptsächliches Asset ein 49-%-Anteil an einer laufenden Goldmine in Simbabwe („Blanket“).
Datum: 13.10.2014 - 08:03 Uhr
Sprache: Deutsch
News-ID 343353
Anzahl Zeichen: 6907
contact information:
Town:
Wien
Kategorie:
Business News
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