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Caledonia Mining CFO eyes extra ounces from Blanket gold mine

Caledonia Mining’s (LON:CMCL, TSE:CAL) finance chief, Mark Learmonth, says work on the firm’s Blanket mine in Zimbabwe will mean more ounces of gold next year.

A revised investment plan means the miner has been busy sinking, deepening and equipping four shafts at the site.

Speaking to Proactive, Learmonth says that the work will mean Caledonia becomes more cash generative and be able to withstand an even lower gold price.

Quick facts: Caledonia Mining Corporation PLC

Price: 1345 GBX

AIM:CMCL
Market: AIM
Market Cap: £163 m
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Caledonia Mining signs agreement with Zimbabwe government which is...

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) Mark Learmonth talks to Proactive London after signing an agreement with the Government of the Republic of Zimbabwe. Learmonth explains how the country's government is now keen to 'reach out to companies like Caledonia who demonstrably...

2 weeks, 6 days ago

2 min read