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Caledonia Mining delivering exactly as promised says CFO Learmonth

The Zimbabwe-focused gold miner is producing exactly what it said it would, says CFO Mark Learmonth, after production rose 20% in its latest quarter.
For the full year, the group is also on target to meet its previous 50,000 ounce forecast for the 49% owned Blanket mine.
Also working in its favour is the recent rise in the gold price.
And Learmonth explains that as a producer with high fixed costs, this has the impact of 'turbo-charging' Caledonia's (LON:CMCL TSX:CAL) margins and earnings and revenues.

Quick facts: Caledonia Mining Corporation PLC

Price: 1100 GBX

AIM:CMCL
Market: AIM
Market Cap: £133.31 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