Mining Capital's Alastair Ford explains the background to the shock coup in Zimbabwe, the motives behind the army's actions and what may happen next for President Mugabe and the country. The implications for mining companies in the country, many of which are listed in London, are also discussed.
|Sector:||General Mining - Gold|
Caledonia Mining Corporation
Caledonia is a Mining, Exploration and Development company focused on Southern Africa. Caledonia's primary asset is a 49% interest in the Blanket Mine ("Blanket") in Zimbabwe.
Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL), tells Proactive that revenues from gold production at the Blanket gold mine in Zimbabwe rose to over US$18.2 mln in the third quarter, up from the US$17.6 mln generated in the same period a year ago. Pre-tax profit rose to US$6.2 mln, up...
Mark Learmonth, chief financial officer of Caledonia Mining Corporation (LON:CMCL), tells Proactive they've enjoyed record quarterly gold production from the Blanket Mine in Zimbabwe for the quarter ended 30 September 2017. Approximately 14,389 ounces of gold were produced during the quarter, 15% higher than the...
Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL) tells Proactive they produced just over 25,000 ounces of gold in the first half of 2017, at an all-in sustaining cost of US$856 per ounce. However, on-mine costs per ounce did rise as grades fell and certain logistical constraints underground...
Steve Curtis, chief executive at Caledonia Mining Corporation PLC (LON:CMCL TSE:CAL) tells Proactive they're expecting to meet their gold production target this year through an improved second half performance. The Zimbabwe-based miner produced approximately 12,522 ounces of gold from the Blanket mine in the three...
Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL TSE:CMCL) talks through their decision to seek a listing on the New York Stock Exchange’s small cap market
A tweak to guidance this year reflects the juggling act between current production and the huge upgraded currently underway says Caledonia's CEO Steve Curtis.
Technical analyst Zak Mir reckons the Caledonia Mining Corporation (LON:CMCL) share price can add the best part of 50% over the summer months. “There’s been a decent uptrend here since the beginning of last year when the mining sector turnaround started,” explains Mir in the latest Proactive Investors Bulletin Board...