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Caledonia Mining signs agreement with Zimbabwe government which is 'beneficial for both parties'

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) Mark Learmonth talks to Proactive London after signing an agreement with the Government of the Republic of Zimbabwe.

Learmonth explains how the country's government is now keen to 'reach out to companies like Caledonia who demonstrably have the expertise in the country after running a successful gold mine there for 10-12 years'.

Under the terms, Caledonia will evaluate mining rights, properties and projects in the gold sector that are controlled by the government, with a view to assessing the potential to advance development on these properties or projects.

Quick facts: Caledonia Mining Corporation PLC

Price: 1140 GBX

AIM:CMCL
Market: AIM
Market Cap: £138.15 m
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Caledonia Mining Corporation present at the Proactive One2One virtual forum

Caledonia Mining Corporation PLC's (LON:CMCL) Mark Learmonth presents the company to investors at the Proactive One2One Virtual Conference. Caledonia's a profitable, cash generative gold producer, with a strong growth profile. Their primary asset is the Blanket Mine in Zimbabwe which...

2 weeks ago

2 min read