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Caledonia Mining Corporation acquires option to explore previously producing Zimbabwe gold mine

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) (LON:CMCL) CFO Mark Learmonth tells Proactive the group has formed an agreement where it has the exclusive right to explore and acquire the mining claims over Connemara North, in the Gweru mining district in the Zimbabwe Midlands.

Learmonth explains that this particular area has historically produced significant quantities of gold, as previous owners of the Connemara mine produced approximately 20,000 ounces of gold each year.

Quick facts: Caledonia Mining Corporation PLC

Price: 1025 GBX

AIM:CMCL
Market: AIM
Market Cap: £124.22 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...

on 13/11/20

2 min read