Investors
Investment case
14 years of high margin operations with upside potential
- Significant increase in production from 2022
- Increased cash flows due to higher production, lower unit costs and foreseeable declining capex
- Strong future growth from additional exploration assets
- Reduction in All-in Sustaining Cost.
- Operating costs to move down as new shaft ramps up : due to increased production volume, economies of scale and better mine efficiencies
Attractive Dividend Yield
- Review dividend to deliver sustainable dividend growth consistent with increasing free cash flow
- October 2021 dividend of 14 cents per share; 104% increase since October 2019
- Higher planned production & lower costs could support continued increases in dividends
- Excellent in-country relations
- Proven track record of operating reliably and profitably in Zimbabwe
- Strong, well established, indigenous mine management team differentiates from other African producers