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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: 618 GBX

AIM:CMCL
Market: AIM
Market Cap: £66.52 m
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Caledonia Mining reports 'excellent performance' at Blanket has continued...

Caledonia Mining PLC's (LON:CMCL) Mark Learmonth talks Proactive London's Andrew Scott through the miner's third quarter update. Production at its Blanket mine in Zimbabwe rose by 7% in the period. Gross profits increased 75% to US$8.5mln helped by a higher gold price, though the...

4 weeks ago

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