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Caledonia Mining delivers 'robust performance' with good progress on expansion

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) chief executive Steve Curtis updates Proactive London on fourth quarter and 2018 production from its Blanket mine in Zimbabwe as well as current exploration and expansion plans.

Curtis says good progress is being made on the Central Shaft which he's expecting to be operational in around 15 months.

Net cash at year end was just over US$11mln, as spending continued on a mine expansion programme designed to take yearly production over the 80,000 ounces mark.

Quick facts: Caledonia Mining Corporation PLC

Price: 1207.5 GBX

AIM:CMCL
Market: AIM
Market Cap: £139.05 m
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Caledonia Mining declares quarterly dividend and encouraged by continued...

Caledonia Mining (LON:CMCL) CEO Steve Curtis speaks to Proactive London's Andrew Scott soon after declaring a quarterly dividend of US$0.07 per share. He updates on operations at Blanket and says he's been encouraged by performance at the mine and the re-opening of important supply lines.

1 month ago

2 min read