Morning Report: Caledonia Mining to report 'substantially higher' 2019 earnings

Headlines from the Proactive UK newsroom.

Caledonia Mining (LON:CMCL) has upped its earnings estimate for 2019 by 80% due to a combination of a higher gold price, better production and lower operating costs. Adjusted earnings are now expected to be in a range of US$1.55 to US$1.75 per share.

Greatland Gold (LON:GGP) has reported more of what it describes as outstanding drill results from Havieron in Western Australia. Partner Newcrest’s latest update shows gold at grades of 6-7 grams per tonne over widths between 25 and 43 metres at around 500 metres down. Newcrest described the results as unique for the region.

Letting agency Belvoir (LON:BLV) will comfortably beat the market’s profits expectations as revenues jumped by 43% last year. Property revenues rose by 6% in spite of the tenant fee ban and Brexit.

Mike Ashley’s Frasers Group has offset almost 73% of a 674 million euro Belgian tax bill after the authorities in the country agreed with the former Sports Direct that VAT was not liable in this instance. Talks are ongoing over the remaining 183 million.

Add related topics to MyProactive

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


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 PLC named herein, including the promotion by the Company of Caledonia Mining Corporation PLC in any Content on the...



Alpha Growth PLC using experienced team to start Alpha Growth and Income...

Alpha Growth PLC (LON: ALGW) CEO Gobind Sahney joined Steve Darling from Proactive to discuss the fund called Alpha Growth and Income fund or AGI. This funds prospective client are family offices, pension funds, and other institutions that still wish to receive some income but also want their...

1 day, 19 hours ago

2 min read