Caledonia Mining Corporation PLC's (LON:CMCL) Mark Leahmonth talks to Proactive London's Katie Pilbeam about their latest set of quarterly results confirming a continuing strong performance for the Blanket gold mine in South Africa.
Leahmonth discusses the highlights with reference to the higher gold price, with gross revenue up by 27% to $25.4m from $20m in the same period last year.
He also references the rise in costs, which per ounce increased from $686 in Q3 2019 to $758 due to costs associated with COVID-19, a share-based payment expense and increased use of the diesel generators.
The July dividend was increased by 13.3% to 8.5 cents per share and the October dividend was further increased to 10 cents per share following the continued strong financial and operating performance.
