Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) stayed a 'buy' for its house broker Panmure Liberum after it reiterated production this year from the Blanket gold mine would hit between 74-78,000oz.
Third quarter output on a 100% basis (Caledonia owns 64%) was around 19,000oz.
Panmure’s trimmed its share price target to 1,554p (from 1,582p), though it said the update was further evidence of the strength of the turnaround after the ‘uncharacteristic hiccups’ of 2023.
Shares were unchanged at 1,170p having risen by 63% since their low in March.