logo-loader
Caledonia Mining Corporation

Caledonia Mining delivers 'robust performance' with good progress on expansion

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) chief executive Steve Curtis updates Proactive London on fourth quarter and 2018 production from its Blanket mine in Zimbabwe as well as current exploration and expansion plans.

Curtis says good progress is being made on the Central Shaft which he's expecting to be operational in around 15 months.

Net cash at year end was just over US$11mln, as spending continued on a mine expansion programme designed to take yearly production over the 80,000 ounces mark.

Quick facts: Caledonia Mining Corporation

Price: £5.85

Market: AIM
Market Cap: £62.96 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Caledonia Mining Corporation named herein, including the promotion by the Company of Caledonia Mining Corporation in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Grade issues resolved at Blanket Mine says Caledonia Mining CFO Learmonth

Caledonia Mining PLC (LON:CMCL) expects to complete the sinking of its new central shaft at the Blanket mine in Zimbabwe within two weeks. That is despite electricity outages affecting the country and hampering progress said Mark Learmonth, Caledonia’s chief financial...

on 12/7/19

2 min read