Stocktube video
05/06/2014

Caledonia Mining's Learmonth outlines plans for growing cash pile

View full size
Additional Information
Market: AIM, TSX
Sector: General Mining - Gold
EPIC: CMCL
Latest Price: 47.50p  (4.40% Ascending)
52-week High: 61.50p
52-week Low: 34.00p
Market Cap: 24.76M
1 year chart
Deal CMCL Tax Free*
*subject to change and depends on individual circumstances.
1 day chart
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Caledonia Mining
www.caledoniamining.com
Deal Caledonia Mining Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Caledonia is a Mining, Exploration and Development company focused on Southern Africa. Caledonia’s primary assets are a 49% interest in the Blanket Mine ("Blanket") in Zimbabwe and a 100% interest in the Nama base metals exploration project in Zambia. Caledonia’s shares are listed on the Toronto Exchange (CAL), on London’s AIM (CMCL)...

Read more
Pdf

Caledonia Mining confirms record annual production at Blanket

January 14 2013, 7:38am Total gold production for 2012 was 45,600 ounces, a 27% increase over 2011’s 35,800 oz.

Caledonia Mining’s (LON:CMCL TSE:CAL) Blanket Mine in Zimbabwe notched up a new annual production record in 2012, despite output easing slightly in the last three months of the year.

Total gold production for 2012 was 45,600 ounces (oz), a 27% increase over 2011’s 35,800 oz.

Blanket’s quarterly production to December of 11,980 oz was lower than the record 12,919 oz achieved in the previous three months, but was a 14% increase on the previous year’s fourth quarter.

Stefan Hayden, Caledonia's president and chief executive said: "As anticipated and as previously advised, gold production in Q4 was lower than in Q3 as the achieved grade returned towards the long term average of 3.84 g/t [grams per tonne].

“The production of 11,980 oz achieved in Q4 is an excellent performance by Blanket and is 16.5% higher than the targeted production of 10,000 oz/quarter. “

Caledonia recently unveiled plans to increase production at Blanket by 90% to 76,000 ounces annually over the next three years.

 

No investment advice

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 suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.