Investors
Investment case
14 years of high margin operations with upside potential
Substantial Production Growth: Fully Funded- 45% production growth planned
- Rising expected cash generation from 2020 expected
- Strong future cash generation leaves resources available for strategic purposes : target rich environment
High Margin Operations- All-in Sustaining cost guidance of $810/oz – $850/oz
- 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
- One of the highest yields in the gold industry
- Management anticipate maintaining the current dividend through any future capital investment requirement
- Higher planned production & lower costs could support continued increases in dividends
Strong Management Team- 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