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Caledonia Mining Corporation

Caledonia Mining's Learmonth upbeat as they near completion of central shaft sinking

Caledonia Mining Corporation PLC'S (LON:CMCL) (TSE:CAL) Mark Learmonth talks Proactive London's Andrew Scott through their Q1 update - a period which saw 11,948 ounces produced from the Blanket mine in Zimbabwe.

Learmonth says they're maintaining their 2019 full-year production guidance of between 53,000 ounces and 56,000 ounces, and they're still on track with progress towards the target of 80,000 ounces by 2022.

Quick facts: Caledonia Mining Corporation

Price: £5.85

Market: AIM
Market Cap: £62.96 m
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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