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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: 1125 GBX

AIM:CMCL
Market: AIM
Market Cap: £136.34 m
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Caledonia Mining Corporation acquires option to explore previously producing...

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) (LON:CMCL) CFO Mark Learmonth tells Proactive the group has formed an agreement where it has the exclusive right to explore and acquire the mining claims over Connemara North, in the Gweru mining district in the Zimbabwe Midlands. Learmonth...

on 17/12/20

2 min read